California School Fiscal Services
|Posted on February 11, 2016 at 11:45 AM|
It's so true that just a few years of revenue increases and we can forget how quickly it can change for the worse. This is a great article that reminds us to not lose our heads by expecting continued increases. Most especially, our increased obligations to both STRS and PERS have a considerable impact on any future revenue increases.
If you haven't done so yet, take a few minutes and project out the costs of your STRS and PERS increases in real dollars over the next 5 years. Then compare that number to our projected LCFF increases during the same period. This is information that you can share with your Board at every opportunity.
Remember, you can't spend the same dollar twice!
Categories: California State Budget (2016-17)