Transcript of February 3, 2017 Video of District 200 Superintendent Dr. Jeff Schuler
[Dramatic background music]
[Dr. Schuler:] The Board of Education has identified, through the use of the Sherman-Dergis Formula, the amount of money that needs to be set aside annually to stay on top of future capital improvement needs. In developing this formula, or in putting in place this formula, they looked at two different scenarios, one that assumed some level of reset as a result of work completed through the referendum plan. A second modeling of the Sherman-Dergis Formula assumed no reset as a result of work completed through the referendum plan. The second modeling that assumes no work completed shows that the Board would need to set aside in its annual budget at least six and a half million dollars, simply to take care of the capital improvement needs that have been identified through the master facility plan. That does not assume any additional work completed to secure entries, to library learning centers, science labs, any of the other work that’s been identified. That would simply be to take care of the capital renewal needs. It would be very, very difficult to set six and a half million dollars aside in the budget. We currently allocate about a million dollars in our budget for capital improvements, and an additional five and a half million dollars allocated through the budget would be very, very difficult for the Board to do without impacting some of the educational programs and services that we have in place for our students.
This video was filmed on district property, stars the district superintendent, and was paid for by the district during the 2017 referendum.
See: CUSD 200 PR spending