District releases detailed budget proposal
By the Notebook on Apr 26, 2013 02:59 PM
As City Council's school budget hearings approach, the District has released its detailed financial plan for next year, showing line by line the withered financial health that the city's schools are in.
The consolidated budget, which the School Reform Commission and City Council will hold hearings on next week, lays out in 350 pages of detail the entirety of the District's financial resources and its spending plans, department by department. All funding sources, including grants and federal entitlements, revenue from the city and state, revenue from the sale of school buildings, tax dollars, and debt services are listed and accounted for.
Earlier this month, District officials presented details on proposed school budgets that slash expenditures by about 25 percent. Unless District efforts succeed in securing additional revenues and extracting labor concessions, principals and teachers will be asked to run their schools on a shoestring, without counselors and other support staff.