Friday, June 29, 2012

Gentlemen...start your checkbooks!

The state's July 1 estimates of equalized aid figures were released today.
Good news for Sun Prairie; not so good for most others.

Last year district administration guessed way too high (aid was $730K less than projected).
This year, they guessed way too LOW.
(Do you suppose, like Goldilocks, next year they might hit the target????  At least within a county or so?)


Estimates from our financial advisors back in March suggested a $1.4M increase in aid over 2011-12.
Actually, the aid estimate for 2012-13 is $3.84M more than 2011-12.

THAT, people, HUGE.
Only 12 (of 426) school districts have a larger %increase in equalized aid.
Only FOUR districts will receive a larger DOLLAR increase over last year.

But don't be planning on a reduction in your property taxes....
You know this district...
if they have money, they'll spend it.
Hell...even if they DON'T have it they'll spend it.

What will they do with $3.84M?  Hell..they could give everyone an 8% raise.

It is, after all, other people's money.

http://www.dpi.wi.gov/sfs/pdf/July1_aid_est_summary_pct.pdf