D122 Financial Forecast: 'State Failing to Make Their Obligations'
The five-year financial forecast is provided to District 122 administrators and board members twice a year, once in the winter and again in the summer, to provide context to the decisions they make.
With declining state aid and possible changes to transportation and pension funding ahead, the New Lenox school board got an updated financial forecast that administrators said is "bad, but not horrendous." The five-year financial forecast is provided to District 122 administrators and board members twice a year, once in the winter and again in the summer, to provide context to the decisions they make. You can view the entire document, which is attached to this article as a PDF. "When we met in January, things were looking good," business manager Harold Huang said. "We sounded rosy. Well, since January, I think it just went like this," he said, motioning his hand downward. The reasons, explained by Howard Crouse of the PMA Financial …
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Marie
11:18 am on Thursday, June 14, 2012
Agreed! The past and current school board members have not represented the taxpayers in a fair and responsible manner. They've made sure that the administration positions were set up with obscene compensation packages and bonuses for current and future administrators. Seems to me that the district has "passed the buck," and their pension costs, onto our kids' backs. Great role models. more ›