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Education, K-12, News

Cities & Schools Reach Crisis Point Due to States’ Low Economic Reserves

A recent article in the Wall Street Journal (Many States Are Unprepared for Next Economic Downturn) caught my attention because it highlighted a key factor adding to the fiscal stress of municipalities and schools.  The article suggested that most states are unprepared for an inevitable economic downturn as they lack the necessary fiscal reserves or rainy-day funds to cushion the next financial blow, and, it’s already having a negative trickle-down effect.

Forced to do more with less since the last recession, cities and schools are continually struggling with reduced revenue sharing from their states while scrambling to meet the demands of unfunded mandates, retiree obligations, an aging infrastructure and even increased student testing. Add this to the anticipated silver tsunami caused by public sector retirements in the next decade, we see a myriad of local governments that are already stretched too thin and have reached a crisis point.

One of the most alarming things noted in the WSJ article was that some states appear to have little sense of urgency and limited tools to address these budgetary shortfalls. Forget crisis point—this dilemma will have far-reaching and long-term consequences for the populations served by those who gloss over the unavoidable hard truth and do nothing about it now.

Opinion

Why do virtual academies get the same per-student funding as traditional brick and mortar schools?

Along with my business partner, Buzz Brown, I spend a great deal of time each day mired in Michigan local government and school district data and often ask myself questions about the information the data provides. For example, on the hot-button topic of school funding, the state provides equal state reimbursement for students who attend a virtual school, versus a traditional K12 or charter school.  Why?  Is this trend filling the coffers of for-profit virtual schools while draining much needed funds from traditional schools?

Education, K-12, News

Munetrix Helps School Districts Comply with New MDE Transparency Requirements

school-68931_640The State of Michigan continues to push local units of governments and school districts toward greater efficiency, transparency and accountability.

Much like it did with revenue sharing for municipalities through the Economic Vitality and Incentive Program in 2011, the State of Michigan established new best practice standards in 2013 for local and intermediate school districts under the State School Aid Act (Public Act 60) for 2013.

The new law links compliance with 8 best practices to discretionary per-pupil foundation allocations, on top of to any regular transparency requirements. The economic benefit of compliance is substantial; equal to $52.00 in addition to the foundation allowance per pupil. Compliance must occur before June 30, 2014.

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