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Treasurer Projects Deficit in 5-Year Financial Forecast

Take a look at a draft of the presentation Treasurer/CFO Catherine Bulgrin plans to give during the Oct. 22, 2012 Stow-Munroe Falls School Board meeting.

A draft of the five-year forecast is attached to this post in the form of a .pdf.

The Stow-Munroe Falls School Board meeting is scheduled for 7 p.m. at the high school, where Treasurer/CFO Catherine Bulgrin with give a presentation about the financial forecast for the district over the next five years. 

For the entire Oct. 22, 2012 agenda, click here

James Thomas October 22, 2012 at 07:28 PM
I'm Sorry, after just approving a 10% increase in taxes for the school there should be NO DEFICIT in the future no matter how hard it is to project five years out. Stow Schools do not have a Revenue problem, they have a spending problem and I don't think the current administration is doing much to change.
Tom Harrell October 25, 2012 at 11:03 AM
The 2 with the most to say wont even use their real names. How weak is that? I dont mind that they share opinions but at least have the decency to use a real name. Sheesh.
Jack Kelly October 25, 2012 at 11:44 AM
Typical wingnut talking point/stupidity from the right. It's called a PROJECTION. And it's quite obvious you have no clue how they do these PROJECTIONS. Crack open a dictionary. Oh, that's right -- educating yourself is not something you're interested in. Got it,.
James Thomas October 26, 2012 at 04:17 PM
Jack, your really need to hold in your wind and not subject others to it.
James October 30, 2012 at 03:55 PM
It would seem to me that the teachers are paid well in this market. As such this is an area that could be and should be looked into as a means of controlling costs. In 2011 the average teacher salary in Stow was $63,501.83. The average for a similar district was $62,090.16. Teacher salary as a percent of operating expenditures was 64.03% and for a similar district it was 60.80%. As this shows, teacher salary in Stow as a percent of operating expenditures is higher than a similar district in this state. Secondly, the median income in Stow was $38,705.00 and the mean income was $56,106.00. As can be seen by these numbers the teachers are paid very well in comparison to their peers in this city. These numbers do not include fringe benefits which we all know are higher than what the average is in the work place. Now of course people will go on the attack and state that reducing the expenditures per pupil will hurt the students. Not so when you know the facts. Twinsburg spent $10,450.00 per pupil and Stow spent $10,027.04. Twinsburg was rated as Excellent with Distinction, and Stow was not. Does anyone really think that $422.96 per pupil made that difference? It did not! Freeze salaries until the board can figure out how to control expenses… very simple solution.

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