Financial Reality Hits
Tiverton Superintendent Bill Rearick just handed out a budget packet. Here’s a key page:
Obviously, the teachers’ increase is TBA and estimated. (Amy Mullen got up and asked how they can be considered if there’s no contract.) The bottom line is that, “as of January 8, 2008, the School Department is $149,011 over the spending cap,” and the difference has to be found somewhere. Salaries are slated to increase (whether via steps and non-teacher contracts alone or including guestimated teacher rate increases, I don’t know) $723,294. The excess over the cap is 20.6% of the salary increases. The entire excess could be wiped out by keeping the salary increase at 4.2%, rather than 5.3%.
Instead, people are going to lose their jobs and children are going to lose opportunities and services.