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Sunday, September 25, 2022

DCPS sits on 20 million dollars that could be used to pay staff

 I have a feeling it may actually be more.

I am beyond disappointed that the district told the community these were desperate times and we needed to pass a millage increase to help pay salaries, and then after it passed, shrugged their shoulders and said, we will get to that next year. The fact they are sitting on a little over 20 million they could use doesn't help things. 

The district is required to keep three percent in reserves, not 5.07 percent. This means they are sitting on 20 million n dollars that they could use to address staff salaries.

A couple of things, I and most of the city was led to believe something would happen this school year. I was told it would probably be after the winter break.

Everyone knows that when you pass a mileage increase on Monday, money doesn't start to flow in on Tuesday. I figured they would borrow money using the future money as collateral, something they have done many times or they would take from their excess reserves, which right now is 20 million dollars.

I would have supported the mileage increase even if the district would have said it wouldn't kick in until next year, but they never said that. Then if it was so important that the district had to come hat in hand to ask the community to step up, how is waiting till next year to address it even a consideration?

DCPS has long preferred to look good rather than be good, and this is yet another example.     

1 comment:

  1. Will teachers that are leaving the profession after this year due to retirement, etc. be compensated eventually via funds from new property tax or are they just SOL?