Tuesday, October 9, 2007

UPDATE on Oct. 9 Board Meeting

The Board, after thoughtful discussion, modified the proposed resolution to read:

"R.28 BE IT RESOLVED that the Board of Education accept the Long Range Facilities Plan (LRFPC) Report recommendation in its entirety, as goals to develop referenda for voter approval." (Bold text in board agenda, and represents the change from the original shown below).

The resolution was passed with all board members voting to approve it.

I think this indicates that the board considers the $47 million proposal as a set of goals to be considered over time, and which will form the basis for potential voter approval, but not necessarily all at once.

The remainder of the board meeting consisted of a lengthy (but very interesting) presentation by the board's financial consultant, who did an outstanding job of trying to boil down the enormous complexities of budgets, state aid, borrowing costs, tax rates, equalization rates, etc. to something understandable. There is no easy way to summarize his approx. 100 pages of spreadsheets as well as his multiple sets of assumptions, but his efforts will help the board attempt to balance educational and taxpayer needs. They have their work cut out for them.

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