...The school board asked for $84.7 million above maintenance of effort, according to school system spokesman Dana Tofig.
Incorporating proposals from Leggett and the school board to pull
money from various sources, the budget plan the Education Committee
recommended still leaves a gap.
The budget would pull about $33.2 million from the district’s fund
balance. Another $27.2 million would come from the Consolidated Other
Post Employment Benefits Trust to pay some of the school system’s
retiree health costs.
The district also would reduce a contribution to its pension plan by $10 million and use the money elsewhere.
On the capital budget side, the Education Committee endorsed a plan
the school system created that sits about $210 million below what the
school board requested in November for its fiscal 2015-20 Capital
Improvements Program.
The board asked for an amended capital program totaling $1.75
billion. Its request was $223.3 million higher than the previously
approved program of $1.53 billion...
...The district also would not add a requested $32 million bus depot
project. Instead, the committee recommended adding $700,000 for planning
work as school and county officials search for opportunities to
relocate the depot...
http://www.gazette.net/article/20150501/NEWS/150509842/1124/council-committee-recommends-lower-mcps-operating-capital-budgets&template=gazette
"IT WILL DO MORE HARM THAN GOOD"
ReplyDeleteIsn't this the motto of the part-time legislature?
On a similar note:
ReplyDeletehttp://www.thesentinel.com/mont/images/SENTINEL_2015-05-07_Montgomery_County_Values.jpg