Anonymous has left a new comment on your post "What is Proposition #2?":
Proposition 2 is a proposition to establish a Capital Reserve Fund in the amount of 5 million dollars. Voter approval is needed for this. Excess monies (if we get additional state aid, monies not spent during a school year, etc.) are put into this account and saved for Capital Repairs. These monies can ONLY be used for CAPITAL REPAIRS (not raises, etc) and what projects they are used for is also subject to VOTER APPROVAL. Basically, there are 3 ways School Districts can fund capital repairs 1) By including it as as line in actual budget. POB does this to the tune of a little less than 1 million per year. With 9 aging buildings, that's not too much. 2) By floating a bond. In this economy, NO CHANCE! 3) With voter approval establishing a Capital Reserve fund in which excess monies are placed and when projects need to be done going to VOTERS and asking for VOTER approval to spend monies from this account for projects. Hope this helps.
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Lots of other districts have this. It's not a bad thing to do. If this had been done years ago there would have been money here and there to fix things. The pictures of POB Middle school leaky ceilings are awful. I'm voting for it.
ReplyDeleteThis is a joke. After giving the big raises to the teachers , now you want to hide more money? No way. There is no excess money from the state and if there is excess money it should go back to the people of the community who struggle to pay the big fat tax bill. So the bottom line is "Let's hide some more money and say its for capital repairs" Who's kidding who? There is no excess money! Bill or no bill.....
ReplyDeleteThanks.
ReplyDeleteI would vote NO on proposition #2. Why should we trust them after what they did with the teachers contract? So now it looks like the BOE was more interested in giving the PCT raises then looking after the best interest of our children with the old school that needs repairs. So when the decision comes down for the BOE they would rather give the teachers a raise then spend the money on the buildings that house our children for 7+ hours a day . Way to go BOE. I vote NO on proposition #2 because the BOE should of thought about repairing our buildings first. Tell them to get the money from the PCT. They talk about excess monies, what a joke. where is this excess money coming from ? This is a bad proposition because it just gives the BOE more of our money to hide and spend as they please. Teacher contract negotiations come up this summer and Morty Rosenfeld and the PCT are gearing up to demand more $$$$. Are they going to picket again?
ReplyDeleteIs this costing us anything additional?
ReplyDeleteThis is going to cost us. Why? because this will just give the BOE another place that they can shift money into and when budget time comes they put in for more money that will go to the PCT. Get the raises back from the greedy PCT and then you will have your money to spend on capital improvements
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