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Peter Schenck's avatar

To contextualize our underspending on teacher salaries, a few things really jumped out at me on their slides. The first was the accelerated deterioration of their fund balance in the "Fund Balance Projections" slide. The last two years the balance has gone down by $7.9M and this year $8.5M. Their projection for '25 is a $13.6M reduction which this plan seeks to address with $13.2M in proposed savings, mostly by taking a hatchet to our teachers. Most alarming, however, are the projected losses of $19M in FY26, $24M om FY27 and $28M in FY28. And we know these guys always manage to misspend more than they project by about $10M/yr. To make matters worse, the bottom of the slide notes, "Represents all funds EXCEPT Debt Service and Capital Projects". That is, this is before counting the impact of Foster School Spending, which I would submit is being greatly underestimated. If they consistently miss their budget targets by $10M on school operations, an area they theoretically should be experts in, what's going to happen with construction overruns? This is known area of risk even for firms with deep expertise which D65, by their own admission, is not:

https://solvepmproblems.com/change-order-best-practices-what-contractors-clients-need-to-know/

My guess is the annual burn on the Foster school will be at least $5M, not the $3.2M they're projecting. This basically is a 50% adder to their current annual deficit rate. The notion that the Foster school construction can't be stopped is effectively saying we can't save the projected $50M (at today's forecast) because we already spent $3M. Huh, seems like a pretty easy $50M savings for a District that's already $288M in the whole in debt and deferred maintenance. Simply put, they're going to balance this on the backs of the teachers, students and an inevitable referendum, ahem, that's the rest of us. I wonder how much of a pay raise Administration will treat themselves to for all this?

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smh's avatar

What district needs all of those administrators? I can't even begin to guess what all of those folks do. Start cutting at the top, don't even consider the cuts on the backs of our teachers. When I taught in D65 I was floored to learned how much more D202 teachers were paid and coming from a different state, I was totally baffled why one town had two districts. Here's yet another sad story of how D65 wastes money...last school year, 2023-24, a teacher I know was granted a sabbatical to live/study in another country while getting paid by the district; then upon return was riffed! None of the great knowledge learned while away was used in the district. We paid the teacher an entire year's salary to live/learn in another country and got nothing in return. I would bet there are more stories like this one out there, so we shouldn't be too surprised we are were we are today. What a joke and the teachers are getting a measly raise while top admin are sitting pretty. When will this madness end.

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