A few years ago, KUSD was found to have accumulated just under $50 million in extra cash, over actual expenses and hidden from the public! A few other districts were doing the same thing. Complaints and official inquiries forced the district to create a cover story, which was, the money was for future retirement obligations! Since the cash was exposed, the district decided to invest the bundle. They made a very risky investment and now lost many millions!
The question is, if KUSD can pay all expenses and still accumulate millions and RUSD budgets very similarly, why does RUSD always claim they are broke?
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3 comments:
Uh, because we're dumb enough to believe them?
What I'd like to see is an itemized report on where the money is being spent. After all,it's our hard earned taxpaying money.
Here's a funny for you.
The School Voucher program provides $6000.00 in education credit per child to low income disadvantaged families to send their children to private schools.
Imagine $6000.00 a child multiplied by say 3000 children. $18,000,000.00 for a year of schooling. I'd imagine with 4 years at that type of budget we could be well on our way to fixing the failed state of education in the country.
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