Last year CUSD 200 produced a serrries of videos about the referendum. This one discusses what happens if the referendum fails (which it did).
In it, Dr. Schuler says that if the referendum fails the model shows the board would need to set aside $6.5 million per year to maintain existing buildings.
At the Financial meeting on 1/31/2018 the staff presented a five year financial forecast
On page 4 it says “Revenue by Source – Operating Funds Budget Total = $163,442,000” for FY 2018 Budget. On page 10 “Expenditures by Object – Operating Funds Budget Total = $162,953,842.” Looks good, Revenues exceed expenditures.
But, one major omission – They did not include $6.5 million for anticipated capital expenditures that would be needed if the referendum failed. It shows 1.94% (of $163 million) which is about $3 million for capital outlay. The predicted $6.5 million per year to maintain the buildings will result in a negative $3 million rather than surplus $0.5 million.
The district does NOT have the money to build a new Jefferson (financed by reserves and future revenues), maintain the other 19 schools and give the staff their anticipated annual raises without cutting any benefits and without raising taxes. And yet, that is what district staff is recommending the board of education approve.
The next board meeting is Wed. Feb. 14, 2018. Let’s see what the board decides.