Tuesday, October 16, 2012

State Aid to PdC Public Schools down again

The State Aid figures for the 2012-2013 school year have arrived. For the third year in a row the PdC Public School system is enduring significant reductions in state aid. To put this in an overall perspective, we are down $1,642,967 from what we received in 2009-2010. 

Year        State Aid        Change

2009-10  $8,946,331

2010-11  $8,475,858    down 470,473

2011-12  $7,629,888    down 845,970

2012-13  $7,303,364    down 326,524 

Even with these figures, we are stable.  

We have done all we can to anticipate and get ready for this. A big item is that we have paid off our OPEB so that is not a future drain on operations. Our cash and balance sheet have been built up to strong positions. 

We need to remain positive and have hope that our economy starts to grow. There are strong indications that the revenue to the state is starting to grow, so we can hope that 12-13 is the bottom and we can start to build from there.

No comments:

Post a Comment