There is a syndicated article in the NG today talking about how the state intends to chop ONE BILLION DOLLARS out from Education. Doing the math, right now the unbalanced budget has $13.2B set aside for Education, but we have to subtract out a massive $5B for pensions which brings it down to $8.2B for everything else in schools. Divided by 3862 public schools in the state of Illinois, that averages to roughly $2M per school or about $3993 per student. Unit 4 receives a little over $15M from the state (FY2014 state budget form) for the Educational Fund(*), which comes out to $1623 per student (9383 total students). Ironically, according to ISBE Superintendent Christopher Koch, the “statutory amount set for general state aid” per child is $6119. Which is obviously meaningless and a sad joke. There is a ton of talk about “pension reform” and I have not figured out how the proposed “balanced budget” of chopping $1B will affect pensions. If we assume the worst-case scenario where pensions are left alone, that brings the money for Education down to $7.2B, or $1.86M average per school ($3505 per student); for Unit 4, an oversimplified guess would put the cut at $2.1M (total down to $13.3M), or $1421.6 per student.
Unit 4 has a $103M budget(*), and Gene Logas and the rest of the Finance team has placed us in a really well-padded financial position. Except we are cutting into that buffer space with additional raises for both teachers and administrators over the next three years due to the contract negotiations last year.
* UPDATE NOTE: The total Unit 4 budget is $138,853,108 – I am focusing on the Educational portion of the budget from which teachers are paid (among other things).
It is quite unclear how Gov. Quinn’s promise to protect Early Childhood Learning will play into this picture. I am not smart enough to figure that out. *grin* If you are, or if you know of someone who is, please pitch in.
All this to say that I am quite confident Unit 4 will be fine for the next few years, but we have to be diligent and very careful with how we plan our future. My sincere hope is that all stakeholders can come to the table to exercise “community involved planning” to dream up ways we can maximize our dollars.