What you must know before
1) Education law does not require Boards of
Education to be accurate in their estimations or to
information because it is available.
2) A School budget is this
year's guess based on last year's guess, often without actual
considered. Most budgets are under spent (over taxed) by millions
3) Reserves are under spent (over taxed) millions held by Districts to improve balance sheet
4) The difference between an
adopted and contingent budget is the difference between an
open checkbook and limited funds. An adopted budget can be changed after the voters
approved the budget for unforeseen circumstances such as a new union contract signed
a day after the
voters approved the budget. A Contingent budget caps spending.