Click on the post for the story today about the Big Foot School District. They had a drop in their fund balance to 1 million. They are concerned. This is also the level of the fund balance of Evansville.
Then Big Foot made an error in estimating their equalized aid--like a $250,000 error. Then they faced retiree health expenses of $250M. As I understand the analysis at the Finance committee last week in Evansville, the premium estimated over 30 years backward, calls for a premium of over $400,000 this year. So---health care benefits are going to be a big number watching forward for all school districts.
Stay tuned. Big Foot Schools will be interesting to watch. The Observer will be on the job to follow this story.
Tuesday, October 24, 2006
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