[00:00:01]
[Budget Committee Workshop on August 18, 2022.]
I DON'T NEED ATTENTION.JOSH MCLAUGHLIN IS READY TO START THIS PRESENTATION.
FIRST OF ALL, GOOD EVENING YOUR SIR, IT'S A PLEASURE TO SEE YOU.
IT'S BEEN A WHILE SINCE I'VE BEEN OUT HERE.
UM, JUST WANT TO TALK TO YOU TONIGHT.
ONE IS YOUR CURRENT DEBT PORTFOLIO AS IT STANDS RIGHT NOW.
AND THEN JUST AS A SIDE NOTE, WHAT YOUR CURRENT BOND CAPACITY IS AT VARIOUS TAX RATES.
I'M NOT SAYING THAT YOU'RE GOING OUT FOR A BOND ELECTION, IT'S JUST ALWAYS NICE TO KNOW WHAT YOU CAN AFFORD IF YOU SO SHOWS TO GO OUT.
SO BEFORE WE TALK ABOUT YOUR EXISTING DEBT PORTFOLIO, I WANNA TALK A LITTLE BIT ABOUT HOW THE DISTRICT HAS MANAGED ITS PORTFOLIO SINCE 2006, EITHER THROUGH REFUNDING AT EXISTING BONDS AT A LOWER INTEREST RATE MATURITY.
THE DISTRICT SAY TAXPAYERS MORE THAN 31.7 MILLION.
SAY THAT ONE MORE TIME? ABSOLUTELY
SO THE DISTRICT HAS COMPLETED SIX DIFFERENT REFUNDING PROGRAMS, SAVING TAXPAYERS OR REFINANCING ROUGHLY 138 MILLION IF ITS OUTSTANDING.
BONDS IN A LOWER INTEREST RATE, SAVING TAXPAYERS 27 AND A HALF MILLION DOLLARS.
MORE RECENTLY, THE DISTRICT HAS BEGUN TO PREPAY ITS BONDS PRIOR TO FINAL MATURITY.
BY DOING THAT, YOU'VE PREPAID ROUGHLY 4.2 MILLION SAVING TAXPAYERS IN ADDITIONAL $4 MILLION IN INTEREST COSTS.
SO COLLECTIVELY, SINCE 2006, BY BEING PROACTIVE IN MANAGING YOUR PORTFOLIO, YOU HAVE SAVED TAXPAYERS MORE THAN 31.7 MILLION OF RESPONSE.
I WAS ON THE BOARD DURING THAT TIME PERIOD.
OKAY, WE'LL LET YOU HAVE CREDIT FOR IT.
LITTLE BIT ONE, RIGHT? SO YOU KNOW THIS AS WELL AS I DO.
EVERY YEAR THE BOARD GETS TOGETHER AND THEY ADOPT TWO DIFFERENT TAX RATES.
ONE IS YOUR MAINTENANCE AND OPERATIONS TAX RATE OR M AND O, WHICH IS FOR THE DAY TO DAY FUNCTIONS OF THE SCHOOL DISTRICT.
THE SECOND ONE IS YOUR INTEREST IN SEEKING FUND TAX RATE OR YOUR DEBT SERVICE TAX RATE.
THAT IS YOU SOLELY TO PAY THE BOND REQUIREMENTS OF VOTER APPROVED BONDS.
RIGHT? THOSE ARE BONDS APPROVED AT A SPECIFIC ELECTION.
YOU CAN LOOK, THIS IS THE LAST SIX YEARS OF YOUR BOND OR TAX RATE IN THE BLUE, UM, IS YOUR MINO TAX RATE CURRENTLY ARE 1.0329.
THE RED SIGNIFIES YOUR INTEREST IN SINKING FUND OR 2375 FOR A TOTAL TAX RATE OF JUST OVER 1.47.
OVER THE LAST 70 OR THE LAST FOUR YEARS, YOU'VE GONE DOWN ALMOST 7 CENTS.
GIVEN VALUE GROWTH THIS YEAR, WE WOULD ANTICIPATE ADDITIONAL COMPRESSION IN YOUR ML TAX RATE.
SO YOU'LL BE GOING DOWN THROUGH YOUR FIFTH GRADE HERE.
LIKEWISE, IF WE LOOK AT THE AVERAGE HOMEOWNER WITHIN THE DISTRICT, THE AVERAGE TAX BILL FOR A HOMEOWNER HAS GONE UP OVER THE LAST FIVE YEARS.
SO FOR AN AVERAGE HOMEOWNER, THEIR TAX BILL HAS GONE ALMOST UP OVER $900 OR ALMOST 70% IN THE LAST FIVE YEARS.
STRICTLY BECAUSE THE AVERAGE HOME VALUE HAS GONE UP BY ALMOST 78%.
OKAY? THE AVERAGE HOME VALUE OF THE DISTRICT BACK IN 1617 WAS 85,000.
THIS PAST YEAR WAS OVER 150,000.
ARE WE ASKING QUESTIONS NOW LATER? I DON'T WANNA INTERRUPT, BUT I'M TRYING TO FIGURE OUT, CAUSE THIS QUESTION, THIS SHEET WAS ASKED IN THE LAST TWO WEEKS A LOT BECAUSE OF WHAT WAS ON THE BALLOT ABOUT TAXES.
HOW DO WE GET TO THE COMMUNITY TO UNDERSTAND THE DIFFERENCE BETWEEN OUR TAXES, THE SCHOOL DISTRICTS THAT HAS TO ADOPT TAXES VERSUS THE IMPACT WITH DALLAS COUNTY APPRAISAL DISTRICT REQUIRED PROPERTY.
HOW DO WE GET THAT SHARED TO THE PUBLIC? THAT IS A TOUGH CONCEPT TO UNDERSTAND, RIGHT? BECAUSE WHAT MOST PEOPLE THINK IS THEIR PROPERTY VALUES GO UP.
IT'S BECAUSE THE SCHOOL DISTRICT IS SETTING THAT PROPERTY VALUE RATE AND THAT TAX RATE.
ALL THE SCHOOL DISTRICT DOES IS SET THE TAX RATE.
DALLAS COUNTY OR DALLAS CENTRAL APPRAISAL DISTRICT IS THE ONES WHO ACTUALLY SET THE VALUE ON THOSE PROPERTIES.
MORE TO THE POINT, THE SCHOOL DISTRICT THROUGH
[00:05:01]
RISING PROPERTY TAXES IS NOT THE GREATEST BENEFICIARY OF THAT.SO NOW GOING BACK TO THE TAX RATE, BECAUSE DALLAS COUNTY APPRAISAL IS TO ITSELF, WE HAVE TO BE FOCUSED ON THE MNO AND THE INS.
SO THAT'S WHAT PAYS, THAT'S WHAT MAKES OUR DISTRICT LIVE.
THAT'S WHAT THE COMMUNITY, THAT'S, THAT'S THE MAJOR PART THAT THEY DON'T UNDERSTAND.
THAT DOESN'T HAVE ANYTHING TO DO WITH OUR PROPERTY TAXES.
IS THERE A WAY THAT YOU CAN SAY OR DO THAT WE CAN HELP OR SOMEONE HELP EXPLAIN THIS TO OUR COMMUNITY? SO AGAIN, THIS DOES IMPACT SOMEWHAT OF YOUR PROPERTY OVERALL PROPERTY TAXES WHICH YOU PAY CAUSE YOU ACTUALLY SET THAT TAX RATE, RIGHT? WHAT ULTIMATELY YOU CAN SHOW THE COMMUNITY WHERE YOU STAND, STAND AGAINST YOUR PEERS.
WHAT OTHER DISTRICTS IN AND AROUND THE AREA ARE SETTING THEIR TAX RATES, NOT ONLY ON THE M AND O AND THE INS SIDE.
THE THING ABOUT THE M AND O SIDE OF THE EQUATION IS THE STATE REALLY TELLS YOU WHAT YOUR TAX RATE IS.
AND TO THE EXTENT THAT YOU DON'T LEVY UP TO THAT, THE STATE ACTUALLY TAKES FUNDING AWAY FROM ME.
YOU JUST MENTIONED THAT THE GREATEST BENEFICIARY OF THE TAX RATE OF THE TAXES WAS THE STATE.
HOW IS THAT THE STATE GETS NO BENEFIT FROM REAL ESTATE TAXES UNLESS YOU, AS YOU SAID, YOU GO OVER AND YOU BECOME A HIGH TECHS.
CAUSE IT'LL GO TO MY, UH, ONE OF MY SLIDES IN MY PRESENTATION ANYWAYS, BUT WELL WE CAN WAIT TILL THEN IF YOU LIKE, LET HIM KNOW.
OH, WELL I'LL JUST ANSWER YOUR QUESTION REALLY QUICKLY AND THEN I'LL SHOW YOU ON THE SLIDE WHAT'S IT LOOKED LIKE OVER THE LAST SEVERAL YEARS.
BUT BECAUSE OF THE WAY PROPERTY TAXES WORKS IN THE STATE OF TEXAS, THE WEALTHIER DISTRICT BECOMES THE LESS STATE AGE.
YOU GET THAT YEAR AND NOW THAT WE'RE AT CURRENT VALUES, WE DON'T EVEN HAVE THAT ONE YEAR LAG.
SO AS OUR VALUES GO UP, OUR STATE FUNDING GOES DOWN BECAUSE WE'RE WEALTHIER.
BUT THE GRAND TOTAL OF THE TWO COMBINED DON'T CHANGE.
AND SO THAT'S THE DIFFERENCE AS THE VALUES GO UP.
SO AT SOME POINT IN TIME, IF WE GET SO PROPERTY RICH, WE'LL ACTUALLY HAVE START WRITING A CHECK CALLED RECAPTURE ROBINHOOD AND ROBINHOOD AND THE FOUR LAWSUITS THAT WE DID NOT WIN AS FAR AS WE BEING PUBLIC EDUCATION.
BUT BASICALLY WHAT HAPPENS IS, UH, WE ARE GATHERING FUNDS FROM THE STATE BECAUSE WE'RE CONSIDERED A PROPERTY POOR DISTRICT, RELATIVELY SPEAKING IN COMPARISON WITH OTHER DISTRICTS IN THE STATE.
BUT YOU KNOW, HIGHLAND PARK, I S D SENDS 60% OF THEIR TAX COLLECTIONS TO THE STATE IN THE FORMER RECAPTURE.
AND WE REAP THE BENEFIT BY THEM REDISTRIBUTING TO IT TO US.
BUT NO NEW MONEY, NO EXTRA MONEY, NO MONEY ON TOP.
IT'S JUST A SHELL GAME OF MOVING MONEY AROUND.
SO WHAT PERCENTAGE OF DISTRICTS ARE PROPERTY RICH? ARE MOST OF THEM LIKE US? WE'RE PROPERTY POOR? NO, MOST OF THEM ARE PROPERTY POOR.
WE HAVE LOWEST HOUSING VALUES IN DALLAS COUNTY.
YEAH, I'D HAVE TO GO BACK AND LOOK AND SEE WHO THE, UH, THE RECAPTURE DISTRICTS ARE AND HOW MANY THERE ARE.
AND IT'S SOMETHING I CAN GET FOR YOU BECAUSE IT'S JUST OUTTA CURIOSITY.
I WOULD THINK THAT THEY'RE MORE LIKE US THAN LIKE A HOLLOW PARK IS ONE.
CUZ THEY WROTE US A CHECK BACK IN THE LATE NINETIES THROUGH ROBIN HOOD.
UH, PLANO IS, RICHARDSON IS LEWISVILLE SUB DISTRICTS ARE IN THE GRAY.
LIKE THEY DON'T DALLAS GET STATE MONIES, BUT THEY DON'T PAY OUT RECAPTURE.
AUSTIN, ALL THE, THIS AROUND AUSTIN.
LOUISVILLE AROUND AUSTIN IS THE BIGGEST ONE.
BIGGEST AUSTIN GOES BACK 400 MILLION OVER 7 MILLION.
SAY WHAT? IT'S OVER 700 MILLION A YEAR.
ALL THE, THOSE DISTRICTS I THINK IT, I CAN'T EVEN REMEMBERS LARGE PERCENT SIR.
ARE WE RECORDING THIS
SO, UH, GENERAL INFORMATION LAST TIME THE DISTRICT WENT OUT FOR A BOND ELECTION WAS MAY OF 2015 FOR 125.9 MILLION.
REMEMBER THE STATE IS SIMPLE MAJORITY PASSAGE.
UH, AT THE TIME OF THE ELECTION, THE DISTRICT'S INS TAX RATE
[00:10:01]
WAS 33 CENTS.WE TOLD VOTERS THAT THERE WAS GOING TO BE A 17 CENT INCREASE ASSOCIATED WITH THE BOND PROGRAM, UH, BEGINNING IN 2015, 16.
SO IF WE WANT TO COME BACK AND LOOK AT WHERE WE ACTUALLY ENDED UP, WE DID MAKE IT TO THAT 50 CENT TEST, A 50 CENT LEVEL.
AND WE STAYED THERE UNTIL 1819 WHEN THE DISTRICT DID A TAX RATIFICATION ELECTION AND INCREASED ITS M O TAX RATE TO TAKE ADVANTAGE OF THE ADDITIONAL REVENUE FROM THE STATE ON THE M O SIDE OF THE EQUATION AND LOWERED ITS IMS TAX RATE BY THE CORRESPOND 13 CENTS ACTUALLY DID 14 CENTS THERE.
SO IN TERMS OF BOND CAPACITY, THERE IS NOT A DOLLAR LIMIT IN WHICH YOU CAN ASK FOR FROM VOTERS AND THERE IS NO MAXIMUM AMOUNT OF BONDS THAT YOU CAN GO ASK FOR FROM VOTERS.
FOR INSTANCE, 40 ISD HAD A BOND ELECTION, LET'S PASS GAIN FOR 1.3 BILLION.
CAN THEY SELL 1.3 BILLION? ABSOLUTELY NOT.
BUT THE VOTERS APPROVED IT ANYWAYS CUZ THEY'RE GONNA ISSUE THAT OVER A 10 YEAR PERIOD.
THE LEGAL LIMIT IS BASICALLY WHAT'S KNOWN AS THE 50 CENT DEBT TEST.
YOU HAVE TO APPROVE TO THE ATTORNEY GENERAL PRIOR TO SELLING ANY NEW BONDS THAT YOU CAN SERVICE YOUR EXISTING BONDS, PLUS ANY NEW BONDS FROM A MAXIMUM TAX RATE OF 50 CENTS.
THAT IS BASICALLY YOUR STATUTORY LIMIT.
SO WHAT IS BOND CAPACITY? BOND CAPACITY IS ESSENTIALLY DISTRICT'S ABILITY TO PAY EXISTING BONDS PLUS ANY NEW BONDS FROM A SET TAX RATE.
SO THE WAY TO READ THIS GRAPH IS THIS RED LINE SIGNALS BUY FUTURE INS TAX REVENUES AS THE DISTRICT VALUES CONTINUE TO GROW.
THE BLUE OR THE DARK BLUE REPRESENTS YOUR EXISTING EXISTING BOND PAYMENTS.
OKAY? SO THE DIFFERENCE BETWEEN YOUR REVENUES AND YOUR EXISTING BOND PAYMENTS EQUALS YOUR BOND CAPACITY, WHICH IS SHADED IN THE LIGHT GREEN THERE.
SO WHAT MAKES BOND CAPACITY GROW? WELL, TAX REVENUES, IF YOUR VALUES GO UP, YOU HAVE MORE BOND CAPACITY.
SO YOUR TAX RATE GOES HIGHER, YOU HAVE MORE BOND CAPACITY.
IF YOU REFINANCE YOUR DEBT AT THE LOWER INTEREST RATE, YOU GET ADDITIONAL BOND CAPACITY.
IF YOU PREPAY BONDS PRIOR TO BOND MATURITY, YOU GET ADDITIONAL BOND CAPACITY.
SO THIS GIVES YOU A LOOK AT YOUR EXISTING DEBT PORTFOLIOS.
IT STANDS RIGHT NOW, CURRENTLY YOU HAVE ROUGHLY 176 MILLION OF FUNDS OUTSTANDING.
YOU'LL NOTICE YOUR CURRENT YEAR IS YOUR HIGHEST YEAR.
WELL PART OF THE REASON YOUR CURRENT YEAR IS YOUR HIGHEST YEAR IS YOU'RE ACTUALLY PREPAYING ROUGHLY TWO AND A HALF MILLION THIS YEAR.
WHEN I KEEP IN MIND IS YOUR VALUES GO HIGHER, YOU GET MORE TAX REVENUE, YOUR BOND PAYMENTS GO DOWN.
SO EVERY YEAR THE BOARD OF TRUSTEES GETS TO MANAGE THAT INS TAX RATE.
YOU CAN EITHER MAINTAIN THAT 43.75 CENTS AND PREPAY BONDS AND SAVE FUTURE INTEREST COST AND BUILD BOND CAPACITY.
OR YOU CAN LOWER IT YOUR MINIMUM DEBT SERVICE REQUIREMENTS OR ANY COMBINATION THEREOF.
THAT IS SOMETHING THE BOARD COULD DO ON AN ANNUAL BASIS.
CURRENTLY YOUR DEBT PORTFOLIO IS REPAID OVER A 24 YEAR PERIOD.
YOU RATED A ONE BY MOODY'S AND A BY S AND P.
THOSE ARE OUTSTANDING RATINGS AND WE'LL TELL YOU THE REASON THEY'RE A LITTLE BIT LOW IS BECAUSE THE DISTRICT HASN'T BEEN BACK IN FRONT OF THE RATING AGENCIES IN FIVE YEARS AND A LOT OF POSITIVE THINGS THAT'S HAPPENED TO THE DISTRICT OVER THE LAST FIVE YEARS.
THIS GIVES YOU A LOOK AT YOUR CALLABLE DEBT.
SO OUT OF 175 MILLION THAT YOU HAVE OUTSTANDING, ROUGHLY 163 MILLION ARE HABLE PRIOR TO BOND MATURITY.
THESE ARE THE BONDS YOU COULD PREPAY AND MANAGE YOUR TAX RATE OR IF MARKET CONDITIONS ARE FAVORABLE, REFINANCE AT A LOWER INTEREST RATE AND SAY INTEREST COST.
YOU'LL SEE THE VARIOUS CALL DATES HERE AS WELL AS THE BONDS THAT ARE OUTSTANDING.
THE ONE THING I'LL POINT OUT IN THE GREEN, WHEN WE LOOK AT THE CALL DATES, THEY CHANGED THE TAX LAW A FEW YEARS BACK.
IF YOU WANT TO REFINANCE YOUR DEBT MORE THAN 90 DAYS BEFORE THAT CALL DATE, YOU NOW HAVE TO DO IT ON A TAXABLE BASIS.
BASED UPON WHERE RATES ARE TODAY, THE DISTRICT DOES NOT HAVE A REFINANCING OPPORTUNITY THAT WOULD STATE UP.
THE NEXT FEW PAGES YOU PROBABLY SEE EASY IN THE BOOK, BUT WE ACTUALLY SHOW YOU EACH ONE OF YOUR OUTSTANDING BOND ISSUES.
SO BY SERIES, BY INDIVIDUAL MATURITY AMOUNT, WHAT THE ORIGINAL COUPON IS AND WHAT THE ORIGINAL YIELD IS AND
[00:15:01]
WHEN THOSE BONDS ARE CALLED AND EVERYTHING'S COLOR CODED.I KNOW THAT'S INFORMATION OVERLOAD, BUT I THOUGHT, YOU KNOW, AT THE END OF THE DAY YOU MIGHT WANT TO SEE THAT IN CASE THE PUBLIC HAS A QUESTION FOR YOU.
SO I'M GONNA RUN THROUGH THOSE PAGES RELATIVELY QUICKLY.
THIS GIVES YOU A LOOK AT THE BOND BUYER INDEX.
IT JUST GIVES YOU A GENERAL INDICATION OF WHAT YOU INTEREST RATES YOURE DOING.
AND AT THE END OF THE DAY, INTEREST RATES ARE HIGHER THIS YEAR.
I'M SURE IF YOU TURN ON ANY, YOU KNOW, NEWS CHANNEL, YOU'VE HEARD INFLATION, INFLATION, INFLATION AND THAT HAS ALL THE INVESTORS RUNNING SCARED.
UH, WHAT'S FUNNY IS INFLATION NUMBERS ARE HIGHER.
UM, BUT EVEN WHEN TREASURY RATES COME DOWN, LIKE THEY CAME DOWN TODAY, THE MUNICIPAL RATES ARE GOING HIGHER, RIGHT? THE MARKET IS A LITTLE BIT DISJOINTED RIGHT NOW.
AT THE END OF THE DAY, OUR LONG TERM FORECAST IS WE THINK THERE'S A HIGHER PROBABILITY THAT RATES WILL BE HIGHER IN THE NEXT 18 MONTHS THAN LOWER.
I KNEW THAT I WOULD BE ON A BEACH SOMEPLACE VERSUS HERE TONIGHT.
THE BIGGEST DRIVER OF THE DISTRICT'S BOND CAPACITY IS ITS TAX BASE.
THE HIGHER THE TAX BASE, THE REVENUES YOU HAVE, THE MORE LAUNCH YOU CAN AFFORD.
SO THIS PAST YEAR, UH, YOUR TAX, I WAS ROUGHLY 3.7 BILLION.
BASED UPON YOUR PRELIMINARY NUMBERS FROM BCA FOR THIS COMING YEAR, YOUR VALUES GROW TO 4.4 BILLION.
OKAY? WHICH REPRESENTS AN INCREASE OF OVER 700 MILLION.
IF WE LOOK AT, WOULD YOUR AVERAGE INCREASE OVER THE LAST FIVE YEARS, ROUGHLY 430 MILLION OR ROUGHLY 14% YEAR OVER YEAR.
THE LAST 10 YEARS YOU'VE GROWN PRETTY CLOSE TO 300 MILLION A YEAR, WHICH IS STILL YEAR OVER YEAR GROWTH OF ABOUT 12%.
SO PRETTY DRAMATIC GROWTH, WHICH IS CORRESPONDING WHY YOU SEE THE VALUE GO UP FROM.
SO WHAT WE'VE DONE NOW IS BASICALLY LOOKED AT THE DISTRICT'S BOND CAPACITY.
SO ESSENTIALLY HOW MUCH YOU CAN ISSUE EITHER AT 43 CENTS, WHICH IS NO INCREASE, AND THEN BASICALLY ALL THE WAY TO 50 CENTS.
WE'VE ASSUMED AN INTEREST RATE OF 5%.
THE REALITY IS IF YOU SOLD BONDS TODAY, IT WOULD BE MUCH CLOSER TO THREE FIVE.
I'M DOING THIS BECAUSE IT'S GONNA BE A WHILE BEFORE YOU ACTUALLY ASK YOUR BONDS.
WE'VE ASSUMED GROWTH OF ABOUT FOUR 30 MILLION, WHICH IS YOUR AVERAGE OVER THE LAST FIVE YEARS.
WE'RE GONNA GROW THAT FOR A FIVE YEAR PERIOD SOON.
A 30 YEAR BOND REPAYMENT IS TYPICALLY, THAT'S WHAT THE DISTRICT SELLS ITS BONDS AT A 30 YEAR PERIOD.
AND THEN WE'VE ALSO ASSUMED THE DISTRICT WILL RECEIVE NO STATE FUNDING ASSISTANCE FOR THE PAYMENT OF DEBT.
SO BASED UPON THAT, AT 43.75 CENTS, THE ISSUE, 187.4 MILLION WITH NO TAX RATE INCREASE AT 45 CENTS, IT'S 199 MILLION AT 46, 2 0 8 AT 47, IT'S ONE OR 2 17, 2 27 AT 48, 2 36 AND 49.
AND ROUGHLY 246 MILLION, HALF 50 CENTS.
SO BASICALLY YOU HAVE A BOND CAPACITY RANGE ANYWHERE FROM 187 MILLION TO A MAX OF 2 46 BASED UPON THESE ASSUMPTIONS.
ONE THAT WHAT QUESTIONS I FOR YOU? I GOT A LOT OF QUESTIONS.
I DON'T WANNA OVERRULE ANYBODY.
UM, I GUESS I KINDA UNDERSTAND THIS A LITTLE BIT MORE BECAUSE I WAS THE ONE TIME PART OF DALLAS COUNTY APPRAISAL.
I DO UNDERSTAND WHY I DON'T THINK I, OUR COMMUNITY CLEARLY UNDERSTAND THAT WE ARE BEING CONSERVATIVE ON OUR TAXES AND HAVE BEEN FOR SEVERAL YEARS.
IF WE, AND THIS IS A GOOD QUESTION FOR YOU.
SO SAY FOR INSTANCE, HYPOTHETICALLY WE'RE NOT GONNA DO ANY TAXES THIS YEAR.
WHAT WOULD HAPPEN? SOME PEOPLE DON'T KNOW WHAT WOULD HAPPEN.
SO I IT'S THE SAME RATE AS LAST YEAR.
IT IS, BUT I'M SAYING WE DON'T CHARGE THE THE NO, IF YOU DON'T ADOPT A TAX RATE, IT'S THE SAME RATE AS LAST YEAR.
[00:20:01]
SAYING, WE HAVE NO CONTROL OF THAT, DO WE? THE WE HAVE.ACTUALLY IT COMES TO THE BOARD TO WHAT THE RECOMMENDATION IS.
THEN YOU GET A MAXIMUM COMPRESS RATE UHHUH AND YOU CAN EITHER ACCEPT THE RATE OR YOU CAN GO MUCH LOWER.
I'M SORRY YOU ALL, I'M NOT GOING TO LET ME TURN THAT OFF.
NO, I'M NOT GONNA, I'M SURE KNOW I'M GONNA TURN THAT OFF.
NO, MY QUESTION WAS, IS WHAT MR. STEVENS WAS SAYING BECAUSE THERE WAS A BIG QUESTION WITH OUR TAXES THIS YEAR, AND I WAS ASKED IN REALLY A QUESTION THAT I KNOW WHAT, WHAT HAPPENED IF WE DON'T CHARGE THE TAXPAYER, THE ROOFTOPS, ANY TAXES, I JUST WANTED IT TO COME FROM YOU ALL
SO THE REALITY IS, AND I HAD ANOTHER CLIENT ASK THIS ME LITERALLY TWO WEEKS AGO BECAUSE THEY'RE LOOKING AT IT, THEIR PRELIMINARY VALUES WENT UP 50%, RIGHT? AND THEY'RE HEARING IT ON FACEBOOK OR TWITTER OR WHATEVER, UM, SOCIAL MEDIA, OH MY GOD, MY, MY TAX BILL IS GOING THROUGH THE ROOF.
UM, SO IN RESPONSE TO THAT QUESTION, THEY WERE THINKING, OKAY, WE'RE GOING TO GET OUR MAXIMUM COMPRESSED RATE.
WHAT HAPPENS IF WE SET IT LOWER THAN THE MAXIMUM COMPRESSED RATE? AND THE REALITY IS, WHAT THE STATE DOES IS IT TAKES LESS MONEY FROM YOU OR YOU KNOW, IT PROVIDES YOU LESS OF THE SHARE.
SO IT BASICALLY SAYS IN LAW THAT YOU WILL THAT BE UP TO YOUR RESPONSIBLE SHARE.
AND IF YOU DO NOT, WE'RE GONNA TAKE MONEY AWAY.
UM, THE MAGNITUDE OF THAT DEPENDS ON WHAT YOU, THAT YOU'RE TAXING AT.
THERE IS A PROVISION THAT, LET'S SAY YOU SET IT ALL THE WAY BELOW YOUR MC, THEY WILL TAKE EVERY DOLLAR STATE FUNDING AWAY FROM.
AND THAT'S WHAT, THAT WAS WHAT I WANTED.
UH, AND THAT'S WHAT THE COMMUNITY HAS TO UNDERSTAND BECAUSE IT IS HAS BEEN SAID TO ME AS A BOARD MEMBER, OUR TAXES, OUR SCHOOL TAXES ARE TOO HOT.
AND I SAID, HAVE YOU ANALYZED, HAVE YOU ACTUALLY LOOKED AT IT? NOT ONLY IT JUST TOO HOT.
MY MY TAXES ARE TOO HOT AND BUT THEY'RE NOT UNDERSTANDING IS THAT WE HAVE NO OTHER CHOICE.
AND WE, I THINK WE'VE BEEN VERY CONSERVATIVE IN WHAT WE HAVE DONE IN THE LAST COUPLE OF YEARS.
AND I ALSO TELL 'EM TRUSTEE MORRIS, THAT UM, WE'RE ONE OF FOUR STATES IN THE UNITED STATES, BUT THE 50 STATES, VERY SMALL PERCENTAGE THAT DOES NOT HAVE A STATE INCOME TAX ON YOUR WAGES AND ALL THOSE STATES THAT DO, THAT'S WHERE THE MAJORITY OF THEIR SCHOOL FUNDING COMES FROM.
AND BECAUSE WE DON'T HAVE AN INCOME TAX, WE HAVE TO RELY HEAVILY ON PROPERTY TAXES.
SO I USUALLY ALWAYS SAY THAT AT THE SAME TIME, YES, IN TAXES, OUR TAXES ARE HIGH, BUT THEN YOU'RE NOT PAYING ANY PERSONAL INCOME TAX EITHER.
I, I'M, OKAY, I WENT THERE, SAY MY COMMERCE AND WE HEAR A LOT RECESSION.
RECESSION IN THE NEXT YEAR, A YEAR AND A HALF, TWO YEARS.
RIGHT? AND WE LOOK AT NOW EVEN HERE IN THE SUBURBS, RED OAKS, LANCASTER, IT HAD PLANTED TO BUILD A LOT OF HOMES THAT, YOU KNOW, STARTING OFF AT 300 TO 450,000.
BUT THEY'RE NOT SELLING AS FAST AS THEY THOUGHT THEY WAS GONNA BE.
CAUSE YOU KNOW, SMALLER HOMES NOW.
SO IT ALL RATE NOW WHAT IF WE WENT INTO A RESECTION NEXT YEAR, IT HAD AT LEAST VALUE DROPPED FROM WHAT WE HAD FROM 85 TO 150.
THEN IT GO FROM 150 BACK DOWN TO MAYBE 110,000.
AND THE RATES WE LOCK IN, WHAT WOULD THAT DO TO WE'RE TAX RATE? I MEAN NOT THE, TO ME THE TAXABLE VALUE CAUSE YOU GOT THE RATE, BUT YOU HAVE LESS MONEY THAT YOU CAN TAX ON SOMETHING AND WE STATE MAKES UP A DIFFERENCE.
STATE, STATE MAKES UP A DIFFERENCE.
IF IT'S DONE CORRECTLY, YOU GET 65.
I'M TELLING YOU I COULDN'T WAIT.
THE OTHER REALITY, THERE'S A LOT OF OPTIONS.
THE OTHER REALITY IS THIS IS WITH TAXES.
UM, THAT TEXAS IS ALSO ONE OF THE FEW STATES THAT REALLY FUNDS YOU BASED ON YOUR STUDENT ATTENDANCE AS OPPOSED TO THE STUDENTS YOU HAVE.
SO YOU COULD, YOUR, THE NUMBER OF KIDS CAN GO UP, BUT IF YOUR ATTENDANCE DROPS, YOU'RE GOING TO GET MONEY TAKEN AWAY FROM YOU.
SO YOU RATHER HAVE APPROPRIATE TAX TO OFFSET THAT.
[00:25:01]
CAUSE THEY'RE NOT GONNA GET A HUNDRED PERCENT OUT OF EVERY KEY.THAT'S JUST NOT GONNA HAPPEN THIS YEAR.
ALL ACROSS THE STATE OF TEXAS HAS BEEN VERY LOW CUZ OF COVID AND OTHER FACTORS.
SO WHAT I'M SAYING IS THAT NO MATTER WHAT HAPPENS, THE MONEY GOES WHERE ARE SUPPOSED TO GO, THEY BALANCE IT OUT IF YOU WILL.
UM, AND THAT MEANS YOU HAVE A CLASS OF 35 AS OPPOSED TO A CLASS OF 25 IS WHAT WE KIND OF, UH, WORK WITH HERE IS 25.
SO WE OUGHT HAVE THE CUT THERE TO MAKE CLASSES LARGER, UM, OR NOT.
AND THAT'S HOW I SEE AS SUPERINTENDENT, THAT'S HOW
LIKE HOW MANY KIDS, YOU KNOW, HOW MANY TEACHERS DO I NEED? HOW MANY STAFF, UM, BASED ON IT.
AND I THINK WE'VE TALKED ABOUT THIS BEFORE, I THINK 83% BELIEVE OF OUR, OUR BOND MONEY GOES TO PEOPLE.
THAT'S STAFFING AND THAT'S A BIG CHUNK.
BARRE, YOU COULD HAVE SAID THAT ANY CLEAR BECAUSE I DON'T THINK THAT THAT CONNECTION WITH ADA AND OUR TAXES ARE GOING TOGETHER BECAUSE THE GOVERNOR THAT IS OVER TEXAS MADE THAT VERY CLEAR WE DIDN'T BRING THESE KIDS BACK INTO THE CLASSROOM.
WELL TEXAS HAS THAT ONE AGAIN, THAT DAILY ATTENDANCE PIECE AND ALSO SEAT TIME CUZ THAT'S, IT'S NOT THE RIGHT END TO ASSESS A KID WHETHER THEY LEARN WHETHER YOU'VE BEEN IN THE CHAIR OR NOT DURING CLASS, BUT TEXAS, THOSE ARE TWO THINGS YOU CAN'T ALWAYS CONTROL AS A SCHOOL SYSTEM.
UH, WHETHER OR NOT A KID'S GONNA COME TO SCHOOL THAT DAY OR NOT.
UM, TO A CERTAIN EXTENT, YES, BUT NOT EVERY DAY.
YOU CAN ONLY CONTROL ONCE THEY GET GET TO OUR BUILDING.
I DON'T KNOW IF YOU HAVE ANYTHING TO ADD TO THAT.
I KNOW YOU AND I HAVE TALKED ABOUT THAT A LOT LATELY.
YEAH, IT'LL, IT'LL EMBED INTO THE, THE SLIDES THAT I HAVE THAT I'LL GO OVER SEEING THIS.
ALL YOUR QUESTIONS OR FACULTY ANSWER BY MR. JOSH OVER HERE.
OH WHO I'VE KNOWN SINCE LIKE 1997 IN ANOTHER CAPACITY IN ANOTHER DISTRICT.
SO FOR THIS THERE ANYTHING ELSE? WE'RE GOOD.
WELL WE COMING UP FOR TEXAS AGAIN REAL IN A COUPLE OF MONTHS, SOMEWHERE AROUND SEPTEMBER.
SO IN AUGUST WE'RE ALWAYS AROUND.
DID YOU MAKE A COPY THESE OR NOT? AND I DIDN'T.
THAT'S TURN THAT LAST PAGE I PAGE.
THERE'S COPIES OF THE PRESENTATION.
I HOPE
AND IN ORDER TO MAKE THE SLIDES BIGGER SO WE CAN SEE THESES, I'VE ABBREVIATED A LOT OF THINGS OR TAKING THE LIBERTY OF USING THEM SINCE YOU DUNNO THAT, I JUST WANTED YOU TO MAKE SURE THAT YOU DIDN'T FEEL EMBARRASSED TO ASK A QUESTION.
BUT ANYWAYS, THERE'S SOMETHING INFORMATION ABOUT WHAT'S GONNA BE ON THE SLIDES ESSENTIALLY.
SO THE FIRST THING I'M GONNA TALK ABOUT SINCE DR.
FERRE MENTIONED DO I WANT TO TALK ABOUT ADA? OH YES, I DEFINITELY WANT TO TALK ABOUT ADA.
IT'S SYSTEMIC THROUGHOUT THE STATE OR NOT THE ONLY ONE TO EXPERIENCING THIS.
AND FROM ALL THE EXPERTS IN AUSTIN, I ATTENDED A CONFERENCE AT REGION 10.
THEY BROUGHT ALL THE EXPERTS UP TO TALK ABOUT SCHOOL FINANCE AND WHAT THE NEXT LEGISLATIVE SESSION MIGHT LOOK LIKE AND WHERE WE ARE TODAY.
AND THEY'RE JUST THINKING THAT THIS MAY BE OUR NEW NORMAL THAT WE MAY NOT EVER GIVE BACK TO POST.
SO THE FIRST THING I I DOWN HERE WAS 1890.
SO THAT'S KIND LIKE OUR BASE YEAR.
WHAT WAS THE DISTRICT DOING BACK IN 1819? YOUR
[00:30:01]
ADA AT THAT TIME WAS 6,658 AND THAT'S WHAT WE'RE FUNDED ON THE ADA AND THAT WAS THE ENROLLMENT SNAPSHOT NUMBER.OF COURSE THAT NUMBER CHANGES, YOU KNOW, ALL THE TIME.
BUT AS OF THAT ONE DATE IN THE FALL FOR THAT YEAR WAS 7,344.
SO YOUR ATTENDANCE RATE WAS 96.2%.
I'VE BEEN IN A LOT OF DISTRICTS SINCE I'VE RETIRED.
THAT'S A VERY, VERY GOOD ATTENDANCE RATE.
YOU SHOULD BE VERY PROUD THAT UM, IT'S WORSE TIME TO MARK AUGUST, I'LL TELL YOU THAT MUCH THAN THAT EVER.
UH, SO FOR 1920 WHEN ALL OF THIS STARTED, UM, WE ONLY HAD THE FIRST FOUR SIX WEEKS OF ATTENDANCE COUNT.
SO THAT'S AN ARTIFICIAL NUMBER THAT WAS DETERMINED.
AND SO THAT'S OUR FIRST HOLD HARMLESS.
AT THAT TIME YOU HAD SLIGHT INCREASE IN ENROLLMENT BUT YOUR ADA WAS BASICALLY FLAT.
BUT THEN THAT HAS TO THE FACT THAT IT WAS A HOLD HARMLESS AND IT WAS BASED ON STUFF DONE IN PRIOR YEARS.
SO YOU REALLY WEREN'T LOOKING AT THE IMPACT OF THE ENROLLMENT.
AND THAT WAS BASICALLY ABOUT THE SAME PERCENTAGE OF ATTENDANCE BEFORE YOU KNOW, COVID HIT.
WE HAVE AND LIVE WITHIN THE FINANCE WORLD, THE THREE ADAS.
AND SO DEPENDING ON WHAT YOU'RE TALKING ABOUT, IT'S LIKE WHAT ADA, ADA YOU'RE TALKING ABOUT WHAT SUMMARY OF FINANCE, WHEN YOU LOOK IT UP ON THE TEA REPORT, ARE YOU, ARE YOU REFERRING TO AND WHAT DOES THAT HAVE AN IMPACT ON YOUR STATE FUNDING? SO THE ER TO WHEN THE FEDERAL GOVERNMENT GAVE US THE SR TWO GRANTT DECIDED THAT THEY WERE GOING TO USE THAT BREAK SOME OF THOSE DOLLARS TO MAKE UP THE LOSS CUZ THEY HAD ALREADY TOLD US, YES, WE'RE GONNA HAVE A HOLD HARM, WE'RE GONNA HAVE A HOLD HARMLESS.
AGAIN THAT HOLD HARMLESS WAS DONE TOTALLY DIFFERENT THAN THIS HOLD HARMLESS.
AND DEPENDING ON WHICH SIX WEEKS TO HAVE THREE TIERS AND IF IT WAS THE FIRST, THE THIRD, THIS IS THE FORMULA THAT THEY WERE GONNA HOLD HARMLESS BASED ON.
AND THEN THE SECOND GROUPING AND THEN THE LAST GROUPING.
AND SO THAT WHOLE HARMLESS FOR WHICH WE WERE PAID STATE FUNDING ORIGINALLY WAS 6,008.
OUR ACTUAL ENROLLMENT WAS 6,000.
I MEAN OUR ACTUAL ADA WAS 6,000 7 59.
NOW WHAT THIS MEANT ON THE SR TWO WE WERE PAID FOR THE WHOLE HARMLESS THEN SR TWO CAME ALONG AND THE STATE TOOK IT AWAY FROM US.
HOW DID THEY TAKE THAT AWAY FROM US? THEY REDUCED THE ADA TO GIVE US A 1.4 MILLION CUT IN STATE FUNDING.
SO OUR REVENUE THAT WE GOT FROM THE STATE WAS $1.4 MILLION LESS THAN WHAT IT WOULD'VE BEEN CUZ THEY SAID WELL YOU HAVE EXTRA TWO FUNDING.
SO IN FUND 2 8 1, CORRECT ME IF I'M WRONG DAVID, SO IN FUND 2 8 1 YOU COULD SPEND THAT MONEY TO MAKE UP THE DIFFERENCE.
SO AGAIN, JUST YOU KNOW, A SHELL GAME WOULD MOVE MONEY OR PETER TO PAY PAUL, WE HAD NO BENEFIT WHATSOEVER OF THAT LOSS IN 1.4 MILLION WITH ONE EXCEPTION WE COULD CHOOSE TO SPEND SOME OF THAT MONEY AND SUPPLY STUFF IN OUR OPERATED FUNDS.
A LOT OF DISTRICTS DECIDED IN FUND 2 81 WHERE YOU HAVE TO SPEND THE MONEY AND ACCOUNT FOR IT AS A FEDERAL BRAND.
THEY MOVED OVER THINGS LIKE THEIR UTILITIES BECAUSE THEY SAID OH WE HAVE TO PAY OUR BILLS TO STAY IN BUSINESS.
THEY MOVED OVER SOME OF THEIR CUSTODIANS, THEY MOVED OVER SOME OF THEIR REGULAR TEACHERS, THEY MOVED WHATEVER.
THEY HAD TO ADDED THEIR CURRENT YEAR BUDGET, 2122 TO MAKE UP A LOSS FROM THE PRIOR YEAR.
CAUSE IT WOULD'VE HAD MORE MONEY IN FUND BALANCE TO START THE YEAR WITH.
UH, AND OF COURSE YOU CAN SEE THOUGH, BUT OUR FALL SNAPSHOT, YOU KNOW, BUT THIS HAVE HAPPENED.
IF WE DIDN'T HAVE COVID, NOBODY KNOWS BUT WE WERE ON THE DECLINE.
I DON'T KNOW IF THAT WAS PREDICT OR NOT.
THIS ALSO SOME OTHER ADDED FACTORS TO THAT OTHER THAN JUST COVID.
UM, I THINK SINCE THEN TOO MANY OF OUR SURROUNDING DISTRICTS HAVE ALSO STARTED THE PRE-K PROGRAMS. AM I CORRECT ON THAT? MANY OF THEM HAVE STARTED THAT THREE FOUR AND NOW WE HAVE CEDAR VALLEY TO COMPETE WITH IN THE SAME ARENA WITH PRE-K AS WELL ASS.
SO THERE'S SOME OTHER COMPETING FACTORS OTHER THAN JUST COVID AT LEAST THAT I I CAN SEE.
BUT COMBINATION OF OTHERS HAVE BEEN HERE LONGER.
HOW WE USE RETAIN ABOUT 80% OF OUR PREPAIDS THAT CAN TRIP ON AND YOU'LL SEE IN THE UPCOMING BUDGET PROPOSALS.
UM, FOR OUR PRE-K THREE FOUR IN ORDER TO COMPETE, UH, WE WANT TO GO YEAR ROUND FOR THE THE WOULD BE AWESOME.
THE OTHER THING THAT WAS INTERESTING
[00:35:01]
TO NOTE IN 2021 IS THAT THE STATE FUNDED VIRTUAL LEARNING AND BECAUSE WE HAD AN ASYNCHRONOUS PROGRAM THAT MOST OF THE ATTENDANCE IN VIRTUAL LEARNING WITH A FEW EXCEPTIONS WAS FUNDED AT A HUNDRED PERCENT.SO IT KIND OF ARTIFICIALLY INFLATED YOUR ATTENDANCE, YOU KNOW, FOR THAT YEAR.
BUT IT GAVE YOU A BUMP UP ON, SO HERE WE HAVE LESS KIDS BUT LOOK AT OUR ACTUAL ADA.
IT WAS MORE, WELL WHY VIRTUAL LEARNING? SO IT WAS JUST AN ANOMALY FOR THAT YEAR.
UM, THEN WE GO ON TO 21, 22 WHAT WE'RE CURRENTLY DEALING WITH AND WE JUST, YOU KNOW, FOUND OUT NOT TOO LONG AGO THAT WE HAVE AND DON'T TELL ME WHY THEY CHANGED THE NAME.
INSTEAD OF HAVING HOLD HARMLESS, WE NOW HAVE O A OPERATIONAL MINUTES ADJUSTMENT.
IT'S THE WHOLE FARMERS AND THEY DETERMINED THAT IT'S ONLY GONNA BE FOR THE FIRST FOUR, SIX WEEKS THAT WE HAVE TO LIVE WITH OUR FIFTH SIX WEEKS AND OUR SIX, SIX WEEKS.
AND I WAS ASSURED BY MANY EXPERTS FROM AUSTIN LAST WEEK THAT THEY'RE NOT GONNA CHANGE THEIR MINDS.
UH, YOU KNOW, SEEING AS BELIEVING.
AND SO I'M NOT GONNA HOLD MY BREATH BY ANY MEANS, BUT MAYBE EVEN ENOUGH PEOPLE COMPLAIN LIKE THEY DID THIS THIS YEAR CUZ THEY WERE VERY HESITANT ON DOING THIS AGAIN THIS YEAR.
WE WERE ABLE THROUGH A LOT OF LEGISLATIVE PRESSURE TO GET THEM TO WRITE UM, THE LEGISLATIVE BUDGET COMMITTEE TO WRITE THE COMMISSIONER AND THE GOVERNOR LETTER ASKING US, PLEASE LET'S FUND THE SCHOOLS, UM, AND HOLD THEM, YOU KNOW, HARMLESS AGAIN.
AND THEN AGAIN WE HAD A LITTLE BIT IN ENROLLMENT.
UM, AND THEN THIS THE, SO THIS WOULD HAVE BEEN OUR ACTUAL ADA.
WE DIDN'T GET THIS WHOLE HARM IT, BUT WE ARE INTERESTINGLY ENOUGH GETTING BETTER NOW TYPICALLY SCHOOL DISTRICTS IN THE FIFTH AND SIX WEEKS SEE DECLINING ADA.
THEY SEE DECLINE IN HOME ENROLLMENT.
KIDS GET DISCOURAGED, THEY MAY JUST RUN OVER TO A CHARTER BECAUSE THEY DON'T THINK THEY'RE GONNA GRADUATE OR GET, GET ENOUGH CREDITS.
BUT HISTORICALLY IT GOES DOWN.
THE FACT THAT IT WENT UP MEANS THAT MAYBE WE'RE ON A LITTLE BIT OF A, YOU KNOW, RECOVERY IN KIDS COMING TO SCHOOL AND STAYING IN SCHOOL.
UH, AND OF COURSE WHAT THEY WERE TALKING ABOUT AS FAR AS WHAT'S THE NEW NORM, THEY'RE THINKING THAT SOMETHING LIKE THIS WHERE I'VE LOOKED AT THE ACTUAL AND THEN THIS SIX WEEKS, 93 VERSUS THE 91.
BUT I'M THE MONEY PERSON ON THE BUDGET LADY.
SO WHAT DOES THAT ALL MEAN IN THE END? THE IMPACT ON OUR STATE AID THAT WE BASICALLY HAVE NO CONTROL OVER IS, THIS IS A LOSS CUZ IT'S IN PARENTHESES.
I GUESS I SHOULD HAVE SAID THAT EVERYONE KNOWS PARENTHESES MEANS NEGATIVE MONIES OR LOSS OR I GUESS I SHOULDN'T ASSUMED THAT, BUT THAT MEANS UM, WITH EVEN WITH THE OPERATIONAL MINUTES ADJUSTMENT OR THE WHOLE HARMLESS WERE 3.4 MILLION IN THE HOLE COMPARED TO WHAT WE THOUGHT, YOU KNOW, WE WOULD BE ABLE TO GARTER THIS YEAR.
THINGS HAVE GONE BACK, YOU KNOW, TO NORMAL THAT IT WOULD HAVE BEEN A 5 MILLION LOSS.
WHAT'S IN THE BUDGET? LET'S BE CLEAR.
NO, NOT LOST IN WHAT WAS BUDGETED FOR STATE FUNDING.
SO ONCE, ONCE I GET CLEAR ABOUT THAT ONE, ONCE I GET THE SIX, SIX WEEKS ATTENDANCE, IF I'M STILL AROUND, UM, THEN YOU'LL PROBABLY SEE A BUDGET AMENDMENT ON THE REVENUE SIDE CUZ I'M GONNA HAVE TO UH, SHORE THAT UP AND MAKE IT LOOK A LITTLE BIT CLOSER TO ACTUAL GOOD BUDGETING PRACTICES.
UM, AND I THINK I WROTE A NOTE OF WHAT THE PRIOR CFO HAD PUT IN THE BUDGET.
YEAH, SO SHE PUT 6,760 ADA SO YOU BUDGET IT 6,700.
NO TO HEAR THAT, INTERESTINGLY ENOUGH, SHE WENT 95%.
AND SHE USED, AS A MATTER OF FACT SPOT ON.
SHE USED 7,115 AS HER GUESS FOR ENROLLMENT.
TOOK 95% OF THAT AND CAME UP WITH WHAT'S IN YOUR CURRENT BUDGET.
WHAT I'M TELLING YOU IS SHE OVERSTATED IT BY 3.4 MILLION BECAUSE OF THIS IS WHAT HAPPENED THERE.
UM, I THINK WE WOULD'VE BEEN ON TRACK FOR THAT DAY AGAIN, WE HAD THAT SECOND SURGE FALL, BUT REALLY WE SAW SOME NUMBERS AND NOW WE KNOW HOW MANY CASES WE'RE BARELY SEEING ANY CASES WEEK.
YEAH, IT'S JUST NAVIGATING THE KIDS BACK IN THE HALF OF THE LAST WEEK WAS ZERO.
COMING TO SCHOOL AND UNDERSTANDING, YOU
[00:40:01]
KNOW, HOW WE'RE IMPACTED ON OUR, ON OUR STATE AID.ANY SPECIFIC QUESTIONS IN REGARDS TO THIS SLIDE BEFORE I MOVE ON TO THE NEXT TOTALLY DIFFERENT KIND OF TOPIC? WELL I DO AND, AND IF, IF I'M OFF OF THIS QUESTION CAUSE I'M REALLY CONCERNED, I'VE BEEN TORN WITH THIS.
IF WE WOULD HAVE, IF THE DISTRICT, I'VE HEARD THIS A LOT IN THE LAST TWO WEEKS CUZ SOME PEOPLE FEEL LIKE IT SHOULD HAVE HAPPENED.
IF WE WOULD HAVE PAID THE 2.3 MILLION PENALIZE THE 1.8 MILLION, HOW WOULD THAT HAVE AFFECTED THAT NUMBER? OR WOULD IT HAVE IF WE HAD PAID THIS IS DEALING WITH THE SUPERINTENDENT, THE 4 MILLION OH WAS S PUBLIC INFORMATION? NO, NO.
I SAID SAY BUT SHOULD THIS IS THE TIME THEY SHOULD KNOW IT.
IT'S NOT LIKE, YOU KNOW, ON THE TOP OF EVERYBODY, THE STATE WOULD'VE REDUCED YOUR FUNDING AND THAT'S WHAT I, THAT'S WHAT I WAS TOLD FROM THE STATE.
I WAS TOLD THAT FROM THE STATE AND THAT'S WHAT I'VE BEEN TELLING PEOPLE IN THE COMMUNITY.
BUT I CAN'T AND YOU ALL THAT'S, THAT'S REALLY, THAT'S SOMETHING THAT WE'RE IN A BUDGET COMMITTEE CUZ THAT VERY WELL COULD HAVE HAPPENED.
WELL YOU'RE PREACHING TO THE CHOIR AND IT'S SOME INDIVIDUALS THAT REALLY THINK THAT NOW IN THIS COMMUNITY THINK WE SHOULD HAVE PAID IT BUT THEY, THEY DON'T KNOW HOW IT WOULD IMPACT OUR CHILDREN IN OUR SCHOOL DISTRICT.
YOU'D HAVE BEEN OUT THAT FUNDS AND MORE THE SAME AMOUNT ON YOUR STATE FUNDING.
DEBBIE, I KNOW YOU DON'T HAVE THIS IN YOUR SLIDE, BUT CAN YOU JUST SHARE WHAT WE, WHAT WE WERE ON TRACK FOR FOR RESERVES OR FUND BALANCE FOR THIS YEAR? TRACK TO PUT IN THE FUN BALANCE? WELL, ASSUMING THAT EVERYBODY DOESN'T SPEND ALL THEIR BUDGET, WHICH HAS BEEN THE HABIT AND YOU BUDGET 100% OF EVERYTHING AND BECAUSE OF ALL OUR VACANCIES, A GOOD PORTION OF THIS 3.4 MILLION LOSS IN REVENUE WILL BE MADE UP BY A DECREASE IN YOUR SPEND ON THE OTHER END.
SO THAT ALL I'VE SAID AND DONE IS YOU'RE NOT GONNA REALLY ADD MUCH TO FUND BALANCE THIS YEAR AS YOU'VE HAD IN THE PAST, BUT YOU SHOULDN'T GO IN THE HOLE.
CAUSE OF THE CONTINUED AGAIN, SYSTEMIC STATEWIDE DILEMMA OF GETTING TEACHERS TO COME AND WORK IN PUBLIC EDUCATION.
WE HAVE A VERY HEALTHY, FUN BALANCE.
YEAH, YOU HAVE, IT'S A VERY HEALTHY FUND BALANCE.
YOU CAN TAKE THE HIP, THAT'S NOT A PROBLEM.
BUT UM, I'M THINKING THAT, YOU KNOW, BASED ON HISTORICAL SPEND PATTERNS, FACT THAT WE HAVE A LOT OF VACANCIES THROUGHOUT THE YEAR.
HE'LL, HE'LL PROBABLY COME, YOU KNOW, EVEN ON THE OTHER SIDE.
SO PART OF THE BUDGET AMENDMENT WOULD BE FIX THE STATE SIDE, I MEAN THE STATE REVENUE OF BUDGET.
UM, BUT THEN AT THE SAME TIME YOU DON'T LOOK AT YOUR PAYROLL BUT YOU CAN'T REALLY TAKE AWAY THE MONEY SOMEWHERE.
SO FROM THE DEPARTMENTS CAUSE THEY'RE STILL SPENDING, WE'VE GOT CONFERENCES TO LIQUIDATE, UH, BUT USUALLY THAT'S LEFT ON THE TABLE HISTORICALLY GOING FORWARD.
I YOU MENTIONED THAT SOME OF THE DISTRICTS WERE USING ESSER FUNDING TO SUBSTITUTE FOR SOME OF THE OTHER FUNDS THEY DIDN'T HAVE.
I THOUGHT THAT WAS SUPPOSED TO BE SPECIFIC FOR CERTAIN ISSUES THEY HAD, YOU HAD TO APPLY TO SPEND THAT ESSER FUNDING.
UH, SER TWO IS, IS IS A SUPPLEMENT.
WITH SR THREE IS ALL KIND OF NEW STUFF.
SR TWO WAS GIVEN WITHOUT ANY UH, THOSE STRINGS.
THE MOST FLEXIBILITY YOU CAN EVER IMAGINE.
I DON'T THINK YOU CAN GO OUT AND BUILD A BRAND NEW ATHLETIC STADIUM FOR, FOR COACH HUMPHREY BY ANY MEANS WITH SER TWO.
NOT THAT FLEXIBLE BUT VERY, YOU SEE IT, THEY MADE THE ADJUST.
I MEAN YOU HAVE TO FIT IT INTO THOSE CATEGORIES.
YOU YEAH, SUSTAINING, SUSTAINING, YOU KNOW YOUR CURRENT PROGRAM AND OTHER RELATED COSTS IS SO BROAD AND WIDE OPEN.
THAT'S WHAT YOU KNOW LOT OF DISTRICTS ARE DOING AND SOME DISTRICTS, UM, WE'RE NOT ONLY LIMITING THEIR ER TO, SO YOU GOT 6000001.4 YOU LOST, YOU COULD DO 1.4, YOU COULD DO THE WHOLE 6 MILLION AND SUPPLANT YOUR CURRENT BUDGET IF YOU DIDN'T HAVE IDENTIFIED NEEDS AND NEEDING TO DIRECT THOSE FUNDS, YOU KNOW, TO DRIVE STUDENT ACHIEVEMENT FOR SURE.
ANYTHING ELSE? OKAY, SO, UM, JOSH TALKED A LITTLE BIT ABOUT TAX RATES AND PROPERTY VALUE INCREASES AND IF WE'RE TIRED AT THE END OF THE DAY THAT WE CAN CALL IT A DAY, IF NOT, IF YOU'RE INTERESTED, I HAVE A WHOLE WORKSHEET SPREADSHEET THAT I USE TO TRY TO GUESS I HAVE TO BASE IT ON
[00:45:01]
ACTUAL DATA AND HISTORICAL, BUT AS FAR AS WHAT I'M ESTIMATING, MY 20 22 23 CONTROLLERS T2 VALUE, NOT THE CERTIFIED VALUE YOU'RE GONNA GET IN JULY.BUT WHAT WE'RE FUNDED ON AND THE REASON WHY IT'S TYPICALLY A LITTLE BIT LESS THAN THE JULY CERTIFIED IS BECAUSE THE APPRAISAL DISTRICT SENDS IT DOWN I THINK IN NOVEMBER.
AND SO THEY'RE SENDING IT AFTER ADDITIONAL, MAYBE LAWSUITS HAVE BEEN SAID A OR COMPLI, ARBS OR RESOLVED THAT WEREN'T RESOLVED PRIOR OF JULY.
YOU HAVE A LOT OF VALUE IN DISPUTE WHEN YOUR JULY CERTIFIED ROLE COMES IN.
THOSE THINGS KIND OF WORK THEIR THEIR WAY OUT OF THE SYSTEM.
BUT I GAVE YOU THE CONTROLLERS, UM, T2 TO SEE, YOU KNOW, SOME OF THE GROWTH OVER THE PRIOR YEAR BASED ON MY BEST GUESS.
NOW WE GOT PRELIMINARY VALUES TODAY AND I LOOKED AT THEM, BUT PROBABLY GONNA GO IN THE PAPER IS A 30% INCREASE IN FOR LANCASTER ACTUALLY THE HIGHEST SCHOOL DISTRICT IN THE CENTRAL APPRAISAL DISTRICT IN THIS METROPLEX AREA.
THAT 30% INCREASES PRELIMINARY TO PRELIMINARY.
I'M GONNA PLAY AROUND WITH THOSE NUMBERS AND SEE, WELL WHAT HAPPENS FOR A PRELIMINARY TO CERTIFY AND WHAT'S YOUR TREND HERE? HOW MUCH YOU LOSE DURING THAT PERIOD OF TIME THROUGH THE ARB PROCESS.
AND I LIKE TO COMPARE CERTIFIED TO PRELIMINARY, BUT WHAT THEY DO PUT THE PAPER IS PRELIMINARY TO PRELIMINARY AND THAT, YOU KNOW, FOR A STATE FUNDING AND BUDGETED IT MEANS NOTHING.
YOU HAVE TO REALLY, YOU KNOW, DIVE DOWN AND DIG INTO THE, THE DATA TO TRY TO FIGURE OUT WHAT YOU REALLY THINK YOU'RE GONNA GROW.
BUT IN THE MINUTE WE'RE GONNA KIND OF SEE LIKE IT REALLY DOESN'T MATTER ANYMORE IN SOME CASES ON THE M O SIDE, NOT ON THE INS SIDE.
UM, THE MORE YOU GROW, THERE'S NO LIMIT RESTRICTION.
THERE'S NO MAXIMUM COMPRESS RATE EXCEPT FOR YOUR 50 CENT KISS.
AND ON THE ON THE INS SIDE YOU DO VALUE AND GARNER ALL THESE EXTRA UH, DOLLARS WHEN YOUR RATES GO UP.
THERE'S NO TAKEN AWAY ON THE THE THE INS SIDE.
SO YOU'RE SAYING 2002 TO 23 YOU, YOU EXPECTING A 15% UH, INCREASE IN THE FUNDING UHHUH? YEAH, THAT'S VERY CONSERVATIVE.
I THINK IT MAY BE MORE IN THE LINE 20% BUT UNTIL I START GETTING SOME OF THE PRELIMINARY NUMBERS TO SEE HOW MUCH VALUES AND DISPUTE AND HOW MUCH THAT COMES OFF THE ROLE AS THEY GET RESOLVED BECAUSE YOU KNOW, SINCE YOU'RE A BEDROOM OR ROOFTOP COMMUNITY, A LOT OF THE UM, HOMEOWNERS WILL PROTEST THEIR VALUES AND SO IT MAY TAKE A WHILE BEFORE YOU CAN EVEN GET GOOD NUMBERS.
UM, WE HAVE TO SEND UM, TO UM, TEA ARE CERTIFIED VALUES AND SOME ESTIMATES ON SOME OTHER DATA, UM, EARLY AUGUST SO THAT THEY CAN COME BACK AND TURN AROUND IN LIKE A WEEK'S TIME TO TELL US WHAT OUR MAXIMUM COMPRESSED RATE IS.
AND THAT NUMBER IS, YOU KNOW, IS SET BEFORE THEY EVEN GET THE CONTROLLERS VALUES.
UM, BUT IF THEY SAID THAT RATE WRONG, THERE'S NO CONSEQUENCES.
THAT IS THE RATE YOU HAVE TO GO THAT RATE WHATEVER YOUR NUMBER S BEING IF IT'S, IF IT'S BETTER AND AT THE END THAT YOU WOULD'VE HAD A LOWER RATE, THEY'RE NOT GONNA MAKE YOU ASK FOR THE MONEY BACK OR ANYTHING LIKE THAT.
SO YOU'RE HOPING THAT, YOU KNOW, YOU MIGHT BE ABLE TO PICK UP A LITTLE FROM FROM YOUR VALUES, YOU KNOW, STAYING AND NOT DROPPING AS MUCH AS THEY HAVE HISTORICALLY.
UH, BUT WHAT I WANTED TO SHOW, YOU KNOW, AGAIN IS ON THE THE THE TAX RATE, HOW YOUR TAX RATE HAS, YOU KNOW, DECLINED.
BUT THE MAJORITY OF THAT DECLINE IS THE MAXIMUM RATE AND AS TRUST IT'S REALLY NOT UNDER OUR CONTROL MUCH ANYMORE.
THE STATES THE DRIVER ON THAT AND I CAN TELL YOU THIS NEXT LEGISLATIVE SESSION, THE NEXT BI UM, THEY HAVE, BELIEVE IT OR NOT, $2 BILLION SURPLUS ON THEIR ESTIMATE THIS BI ON WHAT THEY THOUGHT THE ENROLLMENT WAS GONNA BE.
THEY OVERESTIMATED THE KIDS DIDN'T SHOW UP SO THEY DON'T FUND IT AND THERE ARE A PERCENTAGE OF ADA THE ATTENDANCE, THEY OVERESTIMATED IF THEY DON'T PAY IT OUT, THEY HAVE $2 BILLION THAT THEY CAN PAY FOR THE FIFTH SIX WEEKS.
AND HOLDERS HARMLESS, THEY HAVE MONEY THEY CAN PUT INTO THE SYSTEM BUT ALL THEY'RE TALKING ABOUT YOUR CURRENT LEGISLATIVE BODY IS FOR TAX COMPRESSION.
AND ONE OF THE THINGS THAT THE BOARD NEED TO BE VERY CONSCIENTIOUS OF IS THAT WE ARE ALREADY AT 246 OR 49 EXEMPTIONS.
THAT COULD VERY WELL UH, CHANGE BECAUSE IF WE GET A WHOLE LOT OF EXEMPTIONS, IT'S GOING TO IMPACT US THERE.
[00:50:01]
UM, THAT'S REALLY IMPORTANT THAT WE KNOW AND UNDERSTAND THAT WHEN IT COME TO US, IF THAT DOES HAPPEN.BUT WHAT SCARE WE AS SUPER SUPERINTENDENT WITH UM, THIS COMPRESSION RATE IS THAT, YOU KNOW, THE COST OF DOING BUSINESS CONTINUOUSLY GOES UP.
AS YOU ALL KNOW, GAS IS HIGHER OF COURSE, UM, OUR TS UH, AND UM, EXTRA CO-CURRICULAR ACTIVITIES, WE HAVE A A BROADER AND WIDER SPAN OF SCHOOL DISTRICTS THAT WE'LL BE COMPETING AGAINST, WHICH FURTHER OUT, UH, LIKE OWN VIEW THAT'S, THAT'S NOT LIKE GOING TO DALLAS ID SO WE ARE HAVING TO INCREASE THE COST FOR THAT, THOSE TYPE OF THINGS AS WELL AS TRYING TO COMPETE LOCALLY UM, WITH SCHOOL DISTRICTS EITHER AROUND US, YOU KNOW, AS YOU SAW GARLAND A FEW WEEKS AGO, I, I'M NOT LOOKING TO COMPETE WITH GARLAND BUT I KNOW THAT WE HAVE TO MAKE SOME ADJUSTMENTS AS WELL.
SO THOSE THINGS KIND OF MAKE IT VERY HARD FOR US TO DO UM, WHEN THESE SORT OF THINGS HAPPEN.
YOU MEAN SALARY WISE TEACHER? IT'S A GIRL YES.
YEAH, WE HAVE TO COMPETE WITH THEM BUT YOU KNOW, I HAVE NO INTEREST IN CAUSE I CAN'T, I DON'T HAVE THEIR BUDGET.
SO WHEN I SAID A MOMENT AGO, DOES IT REALLY MATTER ANYMORE? AND SO WHAT I WANTED TO TRY TO SHOW YOU HERE IS WHAT IT'S LOOKED LIKE HISTORICALLY BETWEEN THE STATE AND THE LOCAL AND THE TOTAL REVENUE THAT THE DISTRICT RECEIVED AND WHERE THINGS HAVE CHANGED AND WHY THEY HAVE CHANGED.
SO BACK IN 1718, THE STATE LAND UP CONTRIBUTING MORE.
IT WAS HOT THAN THE DISTRICT DID AND IT WAS ABOUT LITTLE MORE THAN 57 MILLION.
WELL THE NEXT YEAR THE STATE STILL CONTRIBUTED MORE THAN THE DISTRICT.
AND THIS IS LOCAL TAX DOLLARS INCLUDING YOUR, YOUR UM, DELINQUENT TAXES AND THIS IS THE SUMMARY OF FINANCE.
YOU'VE EVER HEARD OF THAT STATE, STATE DOLLARS MSP PROGRAM.
UM, SO THIS IS THE YEAR YOU HAVE THE TRE.
SO THE REASON YOU HAVE MORE MONEY IS BECAUSE YOU ADDED 13 EXTRA PENNIES ON THE MINO SIDE.
SO THAT'S WHY YOU HAVE MORE MONEY.
AND AGAIN THIS IS JUST JUMP ON AMANO GET SERVICE IN HERE.
UM, SO WHEN DID THINGS YOU KNOW START TO CHANGE? WELL THE ONLY WAY SOMETHING CAN CHANGE AFTER YOU DID THE TRE AT MAXIMUM DOLLARS, MAXIMUM PENNIES.
CAUSE NOT ALL DISTRICTS DID ALL 13 PENNIES AT ONE TIME WAS VERY WISE THAT YOU DID JUST GET IT ALL OVER WITH SOME DISTRICTS, YOU KNOW, DID IT IN IN T TRANCHES.
UM, YOU GET MORE STATE MONEY BUT THE SAME ENROLLMENT, SAME ADA IF THE BASIC OF THE MONEY THAT THEY KICK INTO THE SYSTEM PER KID.
SO THIS INCREASED FROM $5,578 TO 61 60.
IT IS STILL 61 60 NOW CHANGED THAT YET.
AND YOU TALKED ABOUT INFLATIONARY PRESSURES.
MAYBE THIS IS SOMETHING YOU CAN HARP ON AS FAR AS MEETING WITH YOUR LEGISLATURES THAT YOU KNOW, THIS HASN'T CHANGED AND HAS INFLATION DONE, YOU KNOW, SINCE THEN THAT'S WAY LOW.
UH, NATIONAL AVERAGES ABOUT TEN FIVE.
YES, WE'VE ALWAYS BEEN IN, IN THE BOTTOM LIKE 48, 49, 47.
I DON'T THINK WE'VE EVER BEEN 50 BUT WE'VE ALWAYS BEEN IN THAT THAT THAT THAT BOTTOM PIECE.
UM, IN 2021 YOU CAN BASICALLY SEE, YOU KNOW WE TALKED ABOUT THE PROPERTY VALUES GOING UP BUT THE TAX RATE WENT DOWN AND SO YOUR TOTAL STATE MONEY REALLY WASN'T ALL THAT MUCH DIFFERENCE BETWEEN UH, THESE, YOU KNOW, TWO YEARS.
BUT WHAT HAPPENED IS YOU FLIPPED AND MORE MONEY WAS COMING IN ON THE TAX SIDE.
I'VE BEEN ON THE STATE SIDE, UH, EVEN THOUGH YOU GOT A LITTLE BIT LIKE 500,000 YOU KNOW MORE UM, IN THAT YEAR.
AND PART OF IT TOO IS BECAUSE OF SOME OF THE WHOLE HARMLESS THING, VIRTUAL LEARNING WE TALKED ABOUT.
AND SO WHAT THEY'RE THINKING IS, WELL YOU KNOW IF YOU DROP ENROLLMENT, YOU WRITE SIZE UP AND YOU DROP STAFF.
WELL IF YOU BASICALLY HAVE THE SAME ENROLLMENT, HOW DO YOU DROP STAFF YOUR FUNDING FOR EVERY KID TO SHOW UP IN EVERY SEAT EVERY DAY BUT YOU'RE PAID ON THEIR ATTENDANCE.
THIS WAS A 475 DECLINE IN ADA AND THAT'S $4 MILLION TO PRINT OUT THE DOOR.
SAVE NUMBER OF KIDS BASICALLY IN, IN THE PAST.
AND THAT'S THE DILEMMA I WAS SHARING EARLIER.
35 OR 25 KIDS IN THE CLASS WOULDN'T DO CAUSE THEY'RE SHOWING UP AND YOU GOT INCREASE PROPERTY VALUES.
HERE'S THE ANSWER TO YOUR QUESTION.
THAT'S ALL IT DID WAS ON WHO WAS GONNA CONTRIBUTE WHAT TO THE, THAT'S DECLINING.
AND SO THIS EXAMPLE FOR 20 20, 22 23 WAS
[00:55:01]
AT THE ESTIMATED UM, 6,200 CAUSE THAT'S BASICALLY WHAT YOU HAVE.BUT THIS SIX WEEKS, SO IF YOU DO EVERYTHING THAT YOU'RE CURRENTLY DOING NOW AND NOTHING CHANGES, ENROLLMENT DOESN'T CHANGE, UM, YOU'RE BASICALLY NOT GONNA HAVE VERY MUCH OF THE DIFFERENCE UM, NEXT YEAR IN YOUR AVAILABLE REVENUES COMPARED TO WHAT WAS BUDGETS COMPARED TO WHAT YOU'RE ACTUALLY GOING TO BE RIGHT SIZED BECAUSE THE STATE WILL PAY YOU ON YOUR ONE FORMULA AND THEN YOU PAY THEM BACK.
SO YOU HAVE TO MAKE SURE AS THE CFO THAT THEY'RE GOING TO GIVE YOU, LET'S SAY UM, THE STATE'S SIZE THAT THIS NUMBER SHOULD BE 30 MILLION AND THEY PAY YOU 30 MILLION THAT'S BASED ON TWO YEARS OLD ESTIMATES.
YOU BETTER MAKE SURE THAT YOU DON'T REPORT THAT ALL AS REVENUE THAT THE OTHER 5 MILLION SHORTS AND IN A LIABILITY ACCOUNT CALLED DUE TOT DUE TWO BUT YOU HAVE TO PAY IT BACK CUZ THE SAME THING WITH AND I WAS SO SURPRISED THAT MORNING PAST THAT CON, THEY'RE THE ONES THAT OVERESTIMATED THEIR ADA GOT ALL THE STATE MONEY THAT SPENT IT AND THEY NEARLY WENT BANKRUPT CUZ THEY COULDN'T PAY IT BACK.
NOW I HAVE A QUESTION THAT I KNOW SINCE I'VE BEEN BACK ON THE BOARD SINCE 2019, UH, I HAVE NOT SEEN OUR TAX PERSON TO COME IN TO ACTUALLY SHOW THE BREAKDOWN OF OUR THELEMAN TAXES AND THAT SHARED WITH THE CITY.
AND SO SOMEHOW WE GOTTA GET THE BREAKDOWN ON THAT AND SEE HOW THAT IS COLLECTED.
BECAUSE IF WE ARE NEVER PRESENTED THAT WE DON'T KNOW WHAT'S BEING PAID IN BECAUSE IT'S SPLIT WITH THE CITY.
SO YOUR TAXES RIGHT NOW ARE COLLECTED BY DALLAS COUNTY OFFICE AND I PLEA WHEN I WAS UM, ACROSS THE ROAD IN MINNESOTA, LINEBERGER WAS THE DELINQUENT TAX SCALE IS OKAY.
SO I ALWAYS HAD THEM WHEN I WAS IN IRVING ISD FOR 18 YEARS TO HAVE THEM COME IN AND DO A PRESENTATION TO THE BOARD.
UM, WHAT THEY'RE DOING AND HOW THEY WORK OUR ROLE, THEY GET THE BUSINESS PERSONAL PROPERTY EVERY APRIL SO THEY CAN START WORKING ON THAT BEFORE THOSE PEOPLE BELLY UP AND LEAVE AND TRY TO COLLECT THAT.
AND THEY HAVE ALL DIFFERENT SORTS OF, YOU KNOW, STRATEGIES IN ORDER TO COLLECT.
UH, THEY HAVE KNOCKING ON DOOR CAMPAIGNS, THEY HAVE SEIZING, YOU KNOW, BANK ACCOUNTS AND THEY ALSO HAVE A GOOD ESTIMATE OF WHAT YOUR DEBT ROLE IS THAT YOU JUST HAVE TO WRITE OFF AND THEN WHAT YOU MIGHT COLLECT AS PROPERTY TURNED OVER AND YOU KNOW AND I'M USED TO SEEING THAT.
YEAH AND I HAVEN'T AND I HAVEN'T.
AND SO THAT MAY BE A CONVERSATION THAT WE WILL HAVE WITH DR.
PERRERA TO HAVE THEM TO COME IN AND GIVE US THAT BREAKDOWN.
I JUST MAY NOT KNOW HAD IT AS IN DETAIL AS YOU LIKE UH, JOHNSON LEE OR LEE JOHNSON? PAM PAM.
SHE DID COME IN AND THEY ACTUALLY REPRESENT OUR DISTRICT FOR, I THINK THEY COLLECTED PRETTY GOOD.
SO THEY TOOK UM, THEY TOOK OVER LOBERG IS SHE WOOD IS BUT SO I'M SO USED TO ED SO ED IS NOT THERE.
HE'S STILL THERE BUT HE'S NOT OUR PERSON.
BUT I HAVEN'T SEEN HIM SINCE I'VE BEEN ON THE BOARD.
SHE CAME UM, WELL SHE DIDN'T GIVE US NO DOCUMENTATION OR A BREAKDOWN OF THE TEXT CAUSE I WAS LOOKING FOR THAT.
I DO HAVE SOME DOCUMENT THANK YEAH I HAVE, I HAVE LINE BLIND BARS ON MY CELL PHONE.
WELL I USED TO HAVE ME, I I'LL CALL MY MY BUDDY THAT THAT'S EXACTLY WHAT YOU'RE TALKING ABOUT.
EXACTLY WHAT THEY PRESENTED HER EAR BOOKLET VERY DETAILED AND THAT THAT HELPS.
WE ARE MAKING THOSE DECISIONS TO LOOK AT THAT AND MAKE SURE THAT WE ARE GETTING OUR PORTION AND IT IS UM, REDUCING THAT NUMBER CAUSE THAT NUMBER THAT UP AND THAT JUST FEEDBACK ON THAT.
BUT YOU DO HAVE A, WELL THIS YEAR, I MEAN BECAUSE OF THE JUMP IN HOUSING VALUES, THERE'S LIKELY TO BE ANOTHER YEAR WHERE YOU HAVE RECORDS PROTESTS.
NOW IF YOU LOOK AT 2021 THAT YEAR WE WERE ONLY BUDGETED FOR LOCAL TAX ABOUT 29 MILLION.
BUT BECAUSE OF THE PROTESTS SHE ESTIMATED SOMETHING LIKE 90% AND THAT'S WHERE OTHER 5 MILLION CAME FROM.
THEY WENT BACK AND AMENDED THE BUDGET TO REFLECT THAT.
BUT THE DISTRICT NEVER HAD THE
[01:00:01]
BENEFIT OF THOSE DOLLARS.IT WENT, IT WENT STRAIGHT TO THE FUND.
IT WENT STRAIGHT TO THE, IT WENT STRAIGHT TO THE FUND.
STRAIGHT TO WHAT FUND? THE GENERAL FUND.
SO I HAVE NOTICED THAT YOUR ORIGINAL BUDGET, RIGHT, AND ACTUALLY I'LL TELL YOU RIGHT HERE CUZ THAT WAS ONE OF MY ANOMALY YEARS, LIKE, OH, I'D PROBABLY THROW THIS OUT.
YOUR VALUE IN DISPUTE NORMALLY IS AROUND 30, 30 MILLION PRIOR TO UM, THE COVID UH, SHUT DOWN OR CLOSE DOWN OF THE APPRAISAL, UH, CENTRAL APPRAISAL DISTRICT.
SO IT WENT FROM LIKE 30 MILLION TO 346 MILLION THAT YEAR.
THAT WAS A BIG JUMP AND THAT'S WHY THEY HAD THE PROTESTS AND SHE SAID SHE WAS, SHE WAS PROJECTING ONLY 90% OF THOSE TO MAKE UP FOR THE PROTESTS.
BUT YOU DIDN'T COLLECT MORE THAN THAT.
BUT THE DISTRICT NEVER HAD THE BENEFIT OF THOSE DOLLARS.
BUT IT DIDN'T IF SHE TO USE TO SPEND, YOU SEE WHAT I'M SAYING, THE YEAR RIGHT.
YEAH, THAT'S WHAT IT'S NOT REFLECTED THERE BECAUSE SHE AMENDED THE BUDGET TO REFLECT THOSE DOLLARS.
IT WENT INTO YOUR FUND BALANCE AND IT WASN'T AVAILABLE FOR, FOR EXACTLY YOUR BASIC SERVICES.
SO WHAT I WAS SAYING WAS HOW IS THAT GONNA AFFECT, GIVEN THAT YOU'RE GONNA HAVE ANOTHER RECORD PROPERTY VALUE INCREASE AND IT'S GONNA AFFECT THE SAME WAY YOU'RE GONNA HAVE PROTESTS GO THROUGH THE ROOF.
HOW IS THAT GONNA AFFECT THE ESTIMATE THAT YOU MAKE? WOULD YOU, WOULD YOU ESTIMATE 90% LIKE SHE DID OR UM, VALUES AND DISPUTE? UM YEAH, BUT HOW WE'RE NOT GONNA HAVE THEM THIS YEAR WHERE THEY CAN'T HAVE THEM RESOLVED BY JULY CERTIFIED.
THEY WEREN'T HAVING ARB MEETINGS.
THEY WERE SHUT DOWN ALMOST A YEAR THEY WERE CLOSED.
MM-HMM
SO WHEN YOU GET YOUR JULY CERTIFIED, YOU'RE NOT GONNA HAVE A LOT OF VALUES AND DISPUTE COMPARED TO, SO WE'LL HAVE TO ESTIMATE.
WELL I MEAN YOU STILL HAVE TO DO A CONSERVATIVE BUDGET AND I USUALLY USUALLY USE 98% OF THE, YOU KNOW, THE ESTIMATED, YOU KNOW, LIVING AFTER YOU TAKEN IT IN CONSIDERATION FOR YOUR OVER 65 FREEZE.
THAT'S THE OTHER THING THAT'S REALLY HARD TO PREDICT.
DON'T BE SURPRISED IF YOU HAVE AN AMENDMENT.
BECAUSE IF YOU HAVE A 20% TAX GROWTH, YOU DON'T KNOW IF YOU'RE OVER 65 VALUE LOSS IS GONNA BE 20%.
IT CAN BE LESS, IT CAN BE MORE.
CAUSE YOU DON'T KNOW WHOSE HOUSES HAVE GONE UP AT 20, 20% OVERALL THAT MAKES UP THE OVER 65 THAT ARE FROZEN AT THE LEVEE THEY PAID THIS YEAR TO GO TO NEXT YEAR.
SO I DO KNOW, I CAN TELL YOU I MISSED IT BY HALF A MILLION DOLLARS AND I HAD TO GO BACK AND WE HAD A JUNE 30TH YEAR END OF SOTO AND WE HAD A 12% INCREASE.
I DID, I BUDGETED, I THINK IT WAS LIKE A 18% INCREASE IN OVER 65, WHICH IS, IT WAS A 24%.
AND SO I HAD TO DO AMENDMENT LIKE WHEN WE GOT THE CERTIFIED ROLE TO REDUCE TAX REVENUE BY HALF MILLION.
WELL HALF IS A WHOLE LOT BETTER THAN 5 MILLION.
AND THAT'S, AND THAT'S, YOU KNOW, I UNDERSTAND WHY THERE'S A CFO SURE.
DESIGN, UNDERSTAND WHY THERE'S A SUPERINTENDENT SHORTAGE BECAUSE YOU KNOW, THIS IS WELL, OKAY, REALLY GOOD LEAD TO MY VERY NEXT YEAR'S 80 ADA, IF ANYONE GUESSED, DO WE GO AT 62 0 6, 63 53, 67, 59.
WHAT'S THE IMPACT IF YOU DO 62 0 6, WHICH IS ACTUALLY AN ADJUSTED TO SIX WEEKS.
APRIL FOUND SOME OTHER KIDS THAT NEEDED TO BE CORRECTED THAT SHE COULD COUNT, UH, IN YOUR BE DEPARTMENT.
SO THAT'S, YOU KNOW, 4.22 MILLION LESS THAN YOU HAVE IN YOUR CURRENT BUDGET.
IF YOU GO WITH THAT NUMBER, IF YOU GO AT 63 53, IT'D BE ONE POINT MILLION INCREASE.
BUT IF YOU GO AT 67 59, THE STATE, A STATE EIGHT INCREASE WOULD BE THE, WOULD BE 4.2 MILLION.
BUT THAT'S, THAT OFFSETS THIS AND THEN YOU'RE BACK TO SQUARE ONE.
SO IT'S, YOU KNOW, HOW DO YOU BUILD BUDGET? YEAH, BUT NUMBER DO YOU USE? CAUSE THEY'RE ALL WRONG UNLESS YOU CAN GET IT RIGHT ON THE, ON THE, YOU KNOW, ON THE, ON THE MONEY.
UM, RIGHT NOW IT'S, IT'S THE HARDEST, YOU KNOW, GUESSING GAME.
AND TO SAY THAT YOU'RE NOT GONNA GET INTO THAT SAME
[01:05:01]
SITUATION, YOU KNOW, IT'S HARD.UM, AND SO THE BIGGEST THING YOU CAN DO IS TO EDUCATE THE BUDGET COMMITTEE, THE COMMUNITY, EVERYBODY OUT THERE THAT WE ARE USING THIS NUMBER BASED ON ALL THESE ASSUMPTIONS.
UM, THE GOOD THING ABOUT THIS DISTRICT IS YOU'RE AN AUGUST, YOU KNOW, YEAR END.
SO YOU DO HAVE THE BENEFIT OF THE, THE JULY CERTIFIED AND ANY SUPPLEMENTS THAT MIGHT COME IN LAST MINUTE.
SO YOU CAN, YOU KNOW, TWEAK YOUR, UM, YOU KNOW, YOUR TAX RATE.
BASICALLY YOU'LL HAVE YOUR MAXIMUM PRESS RATE AND THEN YOUR 13.6 PENNIES IS WHAT THEY PRORATED.
UM, YOU KNOW, FROM THE DOLLAR 17 WHEN THEY WENT, TOOK THAT AWAY AND THEN WENT TO THIS MPR PLAN.
UM, YOU DON'T HAVE A LOT OF CHOICES.
YOUR HANDS ARE PRETTY TIED WHEN YOU COME TO THAT OTHER THAN TRYING TO FIGURE OUT WHAT DO YOU BUILD A BUDGET WITH.
UM, AND IT MAY BE A YEAR IN THAT BECAUSE YOU HAVE A LOT OF, YOU KNOW, VACANCIES, EVEN THOUGH YOU WANT TO BUDGET ALL YOUR VACANCIES, YOU GO IN POTENTIALLY OVERESTIMATING YOUR STATE AID CUZ YOU KNOW, YOU'LL PROBABLY FIND IT WITHIN THE BUDGET.
UM, BECAUSE THE VACANCIES ARE LIKE, UH, DR.
PERRERA SAID, I THINK I HEARD THE WORD FREEZE UNTIL YOU REALLY SEE WHAT HAPPENS AND WHO SHOWS UP.
UH, YOU KNOW, THE FIRST DAY OF SCHOOL AND HOW THAT FIRST, YOUR FIRST SIX, SIX WEEKS, YOU KNOW, HISTORICALLY YOU USED TO BE ABLE TO GO BACK AND LOOK AT YOUR FIRST SIX, SIX WEEKS AND PREDICT YOUR ENTIRE ADA OF THE YEAR BASED ON TRENDS.
YOU KNOW, THAT SPECIAL ED USUALLY GROWS, YOU KNOW THAT CTE IS USUALLY THE SAME, YOU KNOW, BILINGUAL GROWS, YOU KNOW, JUST HISTORICALLY DOES.
AND YOU KNOW, YOUR ADA AND YOUR GOOD THAT SIX WEEKS GOES DOWN.
SO YOU COULD SAY THE FIRST SIX WEEKS IS INDICATIVE OF YOUR TOTAL ADA AND HAS BEEN BUT WITH A FACTOR THAT YOU'VE DEVELOPED.
AND ALL YOU CAN DO IS SAY, WELL BASED ON THIS, BUT YOU DON'T KNOW WHAT, YOU'RE GONNA HIT AN ANOMALY.
BUT YOUR BIRTH RATES IN THIS AREA ARE GOING DOWN TOO.
SO THEY FEEL LIKE THEY NEED TO HAVE NO MORE BABIES.
SUPREME COURT SUPREME RECORD THE HEAVEN OF WE HEARD ABOUT THAT, BUT WE NEED THOSE BABIES.
YOU ALL, IT SAYS SUPREME COORDINATION.
BUT I WAS GOING TO SAY THAT I THINK, I DON'T, I DON'T ACTUALLY THINK THAT, UH, THE COMMUNITY WILL BE ABLE TO GET WHAT I'M BEEN TO SAY BECAUSE IS IS PRESENTED UH, WITH THE PROTESTS AND EVERYBODY DON'T QUALIFY FOR THAT PROTEST TO, THOSE NUMBERS MAY LOOK BIG, BUT YOU GOTTA LOOK AT THEIR PROPERTY AND WHAT THEY, ANYBODY CAN PROTEST.
ANYBODY CAN PROTEST, BUT IT DOESN'T MEAN YOU'RE GONNA GET IT APPROVED.
I MEAN, BECAUSE OF THE WAY VALUES JUMP, A LOT OF PEOPLE ARE GONNA PROTEST BUT KNOW HOW MUCH YOU PROTEST.
THEY, YOU'RE GONNA GET ANYTHING.
THAT'S WHY, YOU KNOW, WELL THEY CAN IF THEY DO IT THE RIGHT KIND WAY.
BUT IF THEY, IF THEY JUST PROTEST, THEY NOT GOING WELL.
EVEN IF THEY'RE ASKING FOR COMPS FROM REALTORS, I'M GETTING TONS OF COPS ASKING FOR COMPS AND EVEN COMPS IS NOT GONNA COME CUP FOR MY NEIGHBORHOOD.
BUT IT'S, THEY WOULD, I MEAN WE HAD, I MEAN IF WE HAD A TORNADO OR, OR SOMETHING BIG THAT HIT THESE PROPERTIES TO JUSTIFY THEIR PROTESTS TO GET THEIR TAXES REDUCE OR, OR JUST DISAPPEAR, THAT WOULD HELP.
BUT WE HAVEN'T HAD THAT, WE HAVEN'T HAD THAT IN A WHILE TO MAKE A DIFFERENCE IN ALREADY FIXED.
MA CHIN HERE THAT IF YOU FIX 21, 1 MORE THING TO SHARE.
WE, UM, YOU, I TALKED ABOUT UM, CUZ OF THE FACILITIES NEEDS THAT WE HAVE IN SOME OF OUR UH, BUILDINGS.
UM, CAN YOU TALK A LITTLE BIT ABOUT THAT? ABOUT THE RESERVE YOU AND I TALKED ABOUT DOING FOR THAT? YEAH.
SOME OF THE, SOME OF THE STRATEGIES THAT DISTRICTS HAVE USED TO SPEND DOWN THEIR FUND BALANCE.
CAUSE I CAN TELL YOU WHEN THE LEGISLATURES CONVENE IN JANUARY OR 2023, THE FIRST THING THEY'RE GONNA ASK, THEY CAN'T LEGISLATIVE BUDGET BOARD IS TO GIVE THEM A PRINTOUT OF EVERY SCHOOL DISTRICT'S FUND.
AND THEN YOU, THEY'LL USE THAT, YOU KNOW, YOU KNOW AGAINST YOU, RIGHT? FOR THEM TO HAVE THIS RAINY DAY FUND AND NOT EVER SPEND IT BUT HAVE, YOU KNOW, WE HAVE BE WRITING A CHECK TO SOMEBODY.
AND AGAIN, THAT'S THE POINT I WAS TRYING TO MAKE.
WE NEED TO DOWN LOOK AT IT ACCURATELY TO START WITH SO THAT, YOU KNOW, WE'RE NOT BUILDING A FUND BALANCE NECESSARILY USING FUND BALANCE FOR ONE TIME THINGS.
A LOT OF DISTRICTS WILL SAY I HAVE A LOT OF, YOU KNOW, MAINTENANCE NEEDS, PREVENTATIVE MAINTENANCE REQUIREMENTS, YOU KNOW, ROSE H V A C, I KNOW ROGER JUST GOT HERE.
BUT EVENTUALLY HE'LL GIVE YOU AN INVENTORY OF THINGS THAT, A LONG LIST I'M SURE OF THINGS WE CAN TAKE SOME OF THE GENERAL
[01:10:01]
FUND FUND BALANCE AND BY BOARD RESOLUTION AND ADOPTION MOVES A TWO, $3 MILLION OF IT OVER INTO LIKE A CAPITAL PROJECTS FUND THAT'S NOT FUNDED BY BOND MONIES.BUT IT'S SOMETHING THAT'S THERE NOW.
YOU CAN'T MOVE OVER YOUR TEACHERS SALARIES OR ANYTHING LIKE THAT.
SO, BUT IT'S JUST, YOU KNOW, SOME OF THOSE MAINTENANCE PREVENTATIVE THINGS THAT ARE GONNA, YOU KNOW, IMPROVE YOUR FACILITIES, EXTEND THE LIFE OF YOUR ROOF.
I MEAN SOMETHING AS SIMPLE AS OUR, OUR LIFE FLEET, OUR TRUCKS AND STUFF THAT OUR MAINTENANCE HAS USED IT DUMP IN SOME PLACES.
I MEAN THAT, THAT'S RIDICULOUS.
BUT THEY CAN'T GET TO SPOTS PLACES BECAUSE THE CARS ARE NOT WORKING.
AND THAT'S A CAM WE'VE KICKED DOWN THE, DOWN THE ROAD FOR A LONG TIME AS A DISTRICT.
I THINK THE LAST PURCHASE WAS 6 0 7.
WELL, POLICE REPLACE ONE AT A TIME.
WE'VE STILL GOT THREE, THREE OR FOUR UNITS THAT ARE STILL FROM OH SEVEN.
SO DOING SOMETHING WHEN WE APPROVE THAT
SO YOU KNOW, EVERY YEAR YOU'RE DOING SOMETHING AND YOU'RE NOT COMING BACK TO YOUR TAXPAYERS AND SAYING, HEY LET'S PASS THIS HUGE BOND.
I'M NOT, WE DO ONE, BUT I'M SAYING THAT THESE ARE THE THINGS THAT I THINK WE CAN HELP OFFSET AS AS OPPOSED TO PUTTING THOSE DOLLARS IN THE RESERVE THAT'S GONNA BE FROWNED UPON BY LEGISLATORS.
AND THEN WE'RE PENALIZED IF YOU WILL AGAIN.
SO WE HAVE THOSE DOLLARS AND I THINK IT'S WISE TO DO.
UM, IT'S A PRACTICE I'M USED TO FROM UH, VIRGINIA CUZ WE WERE REQUIRED BY LAWS THAT SOLVE YEAH THAT.
SO WHY DIDN'T WE SPEND SOME OF THE FUNDS? I'M SORRY, WHY DIDN'T WE USE SOME OF THE FUNDS? YEAH, BUT LIKE A SIX.
IT'S BE YEAH SO WE HAVE SPENT SOME UH, ER DOLLARS ON SOME OF THOSE THINGS.
BUT REMEMBER THOSE ARE LIMITED UNDER WHAT WE CAN DO WITH THAT.
YOU ACTUALLY HAVE TO APPLY TO THE STATE FOR THAT CAPITAL.
SO AGAIN, TO HELP OURSELVES BEYOND ESSER, WE HAVE TO DO SOME THINGS DIFFERENTLY.
UH, CUZ YOU KNOW, WHEN THINGS BREAK OR WHATEVER WHERE GOING, OKAY, WHERE CAN WE GET THE MONEY FROM? WHERE'S TO HAVE A FUND FOR THAT? AND THEN WE CAN WALK FROM IT AS WE NEED IT.
CAUSE YOU CAN'T EVEN USE FUND MONEY.
SO WHAT IS OUR POSITION ON, ON THE FUND FUND BALANCE COMPARED TO WHAT RECOMMENDED FUND DO YOU HAVE A BOARD POLICY THAT STATES THAT YOUR GOAL IS 25%, BUT THERE THERE'S A RECOMMENDED, IT'S ABOUT 1750 TO BETWEEN 1617, ABOUT FOUR TO FIVE YEARS AGO.
WE KIND OF MAINTAINED THAT WHEN WE GOT ABOVE IT.
CAUSE WE, AT ONE POINT WE WERE AT 300,000 IN FUND BALANCE, SIX IN FUND.
SO THE GOAL WAS BALANCE UP TO A CERTAIN POINT AND UH, I GUESS WE JUST HAVEN'T GONE BACK TO TO REVIEW THAT.
MOST, MOST DISTRICTS ADDED TREMENDOUSLY TO THEIR FUND BALANCE IN THE LAST TWO YEARS BECAUSE OF SER AND, AND COVID.
SO, YOU KNOW, 1.2 MILLION, YOU KNOW, UH, IN SUBSTITUTE BUDGET, NOTHING SPENT THREE 4 MILLION IN TRANSPORTATION, NOTHING SPENT.
SO ALL THAT WENT BACK INTO FUND BALANCE.
SO, YOU KNOW, STATEWIDE, A LOT OF DISTRICTS HAVE ADDED TO THEIR FUND BALANCE AND SO IT'S NOT A BAD THING.
BUT IF YOU ALREADY HAD A GOOD FUND BALANCE FROM DOING THOSE CONSERVATIVE BUDGETED, YOU KNOW, METHODS AND YOU KNOW, CUTTING WHERE YOU COULD AND AND STAFFING, YOU KNOW, YOU KNOW ACCORDINGLY, YOU KNOW, USING YOUR ACTUAL STAFFING FORMULAS AND NOT JUST LET ANYBODY STAFF WHATEVER.
SO YOU, YOU SAID IN SO MANY WAYS AT THE END OF THE YEAR, MY FUND BALANCE IS GONNA BE BLANK.
SO I, TO KEEP THE STATE FROM LOOKING AT IT, I FIND I NEED TO GO BUY SOME NEW TRUCKS AND THE CARS AND PLANES.
NO, NO MOTIVE ON TO BE DESERVE SOMEWHERE.
THE NEEDS OF LIKE PREVENTATIVE MAINTENANCE ROUTINE STUFF THAT MAY HAVE BEEN PUT ASIDE TO BUILD UP THAT FUND BALANCE.
YEAH, YEAH, THAT'S WHAT I'M SAYING THOUGH.
OH WE STILL WOULD BE HELD ACCOUNTABLE.
SO IT JUST NOT, NOT FREE MONEY TO GO AND DO.
YEAH, WE TRUST ME IF IF YOU CAN DO SOMETHING WRONG WITH YOU, I DON'T THINK THAT'D BE WISE IT OFF
I THINK WE NEED TO HAVE A QUESTION FOR YOU.
IT RELATES TO THE LEGISLATURE, WHICH, WHAT ARE THINGS TO ADVOCATING FOR THOSE CALLS NOW? SENATOR WEST, SHE PEOPLE ON THE EDUCATION BOARD FROM YOUR VANTAGE POINT AS IT RELATES TO FINANCES.
SO THEY CAN CONTROL, YOU KNOW, OUR, YOU KNOW, ADA OR ENROLLMENT GROWTH BUT THEY CAN'T CONTROL THE BASIC ENROLLMENT AND THAT HASN'T BEEN CHANGED, YOU KNOW, UH, IN A WHILE.
AND WITH INFLATION AND INFLATIONARY PRESSURES, WE CAN'T LIVE AT THE BASIC OFFICE OF 61 60 AND THEN THEY AUTOMATICALLY HAVE A MECHANISM TO INCREASE OUR TIER TWO FUNDING.
AND THAT'S WHERE WE'RE MADE WHOLE WITH OTHER DISTRICTS THAT ARE RICH.
[01:15:01]
THAT WILL, YOU KNOW, KICK IN AND GIVE US SOME MORE MONEY THERE.BUT IT'S, I DON'T KNOW IF THEY'LL EVER ENTERTAIN GOING AWAY FROM ADA AND THEY'LL INTO PURE ENROLLMENT.
I THINK MAYBE AN AVERAGE ENROLLMENT, I MEAN THEY COULD DO THE SNAPSHOT DATE, BUT THAT'S USUALLY A HIGHER NUMBER.
THEY COULD DO AN AVERAGE ENROLLMENT.
UM, I THINK, YOU KNOW, GOING TO CURRENT YEAR VALUES IS HERE TO STAY.
SO THAT ONE YEAR LAG WILL NEVER GO BACK TO THAT.
BUT THEY HAVE TO KICK MORE MONEY IN.
AND THEY HAVE $2 BILLION RIGHT NOW IN EXTRA FUNDS IN THE SCHOOL FOUNDATION PROGRAM BECAUSE OF LOW ENROLLMENT COMPARED TO THEIR ESTIMATE AND THE ADA BEING SO BAD THROUGHOUT THE STATE.
EVEN WITH THE OPTIONAL, UH, MINUTES ADJUSTMENT, THEY STILL HAVE $2 BILLION.
THE RUMOR IS THEY WANT IT TO ALL GO INTO TAX MORE TAX COMPRESSION.
IF YOU WOULD, WOULD YOU DRAFT A STATEMENT AS IT RELATES TO BASIC LAW AND THEN WE CAN KINDA GENERATE THAT AMONGST OURSELVES AND ALSO CONSTITUENTS KINDA GIVE THAT TO THEM.
CAUSE EVERY PERSON THAT CALLS THE WE MORE TRACTION NOW BEFORE THEY GO INTO THIS, UH, INFORMAL SESSION.
WE CAN GET HOPE AND GET SOME MORE STUFF DONE AND MAKE THIS AN ITEM FOR US TO GET SOME INVOLVED IN MOVING ON.
WELL, I I REALLY THINK, AND I THINK I HAD MENTIONED THIS BEFORE, THAT THE BOARD ITSELF TO BE INVOLVED IN A RESOLUTION TO PRESENT IN REGARDING TO OUR DISTRICT, TO OUR REP, OUR OUR STATE REPRESENTATIVE AND SENATOR.
IT'S BECAUSE IF THEY CAN JUST PICK UP LITTLE STUFF LIKE THEY HAVE BEEN IN THE PAST, THIS IMPACTS OUR COMMUNITY.
AND I THINK IT WOULD BE MORE, IT WOULD BE MORE OF A IMPACT IF IT CAME FROM THE SEVEN BOARD MEMBERS TO LOBBY OUR LEGISLATIVE.
IT IT, WHEN WE TAKE ON THE DUTIES AT ELECTED OFFICIALS, WE HAVE TO ACT UPON IT.
WE CANNOT LET LEGISLATION MEET AND WE NOT BE A PART OF IT BECAUSE OUR LITTLE OLD DISTRICT ONLY GOT ONE HIGH SCHOOL AND ALL OF OUR SCHOOLS FLOW INTO THAT ONE HIGH SCHOOL.
WE, I'M JUST SAYING FROM MY PERSPECTIVE, WE NEED TO BE A LITTLE BIT, I'M NOT DISPUTING THAT, BUT WHEN IT LOOKS, THOSE CALLS, THAT'S SEVEN CALLS VERSUS 2,500 CALLS ON THE SAME TOPIC.
SO WE OF COURSE NEED TO MAKE THOSE PHONE CALLS TO OUR LEGISLATORS.
BUT WHEN THEY'RE LOGGING HONEY, PEOPLE CALL ABOUT A CERTAIN ITEM.
IF IT'S ME AND 500 PEOPLE FROM DISTRICT FIVE, THAT'S 501 CALLS ON THAT TOPIC.
I'M NOT TALKING ABOUT PHONE CALLS.
I'M TALKING ABOUT A RESOLUTION FROM THIS BOARD THAT IMPACTS SHANE CHANGE AND LAW FOR LEGISLATION.
SO, BECAUSE WHEN THEY, THEY'RE GOING, THEY'RE GETTING READY TO GO INTO 23 SESSION IN JULY.
I'LL SAY THIS, IF YOU GOT A TOPIC THAT YOU WANT A RESOLUTION ON, LET ME KNOW.
I'M MEETING WITH UH, CHAS REPRESENTATIVE ON FRIDAY.
I'M SAYING THE WHOLE TOPIC IS, AND THEN WE'RE CREATING A RESOLUTION BASED OFF OF SEVERAL ADDITIONALS, NOT JUST YOU OR MYSELF.
WELL I WITH SEVERALS I'M ASKING YOU FOR SOMETHING ELSE.
CAUSE I'M STRONGLY CONCERNED ABOUT LANCASTER RIGHT NOW.
AND WE CAN DO, WE CAN PRESENT OUR OWN RESOLUTION.
YOU DIDN'T KNOW THAT IT HAPPENED LESS THAN FIVE MONTHS.
AND MY POINT IS, IS ONE RESOLUTION IN COMPARED TO 500 RESOLUTIONS ON THE SAME TOPIC HAS MORE TEETH IN YOUR BIKE.
BUT FIRST WE GOTTA GET OURS TOGETHER.
YEAH, THEY, THEY HAVE, THEY HAVE MORE EMPATHY FOR BOARDS AND THE COMMUNITY THAN THEY DO ADMINISTRATORS.
THEY DON'T LISTEN TO ADMINISTRATORS AND ABSOLUTELY, I'VE BEEN TO THE MEETING, BUT YOU MAY WANNA DO THE RESOLUTION TO MOVE SOME OF THAT FUND BALANCE TO A CAPITAL PROJECTS PROGRAM BEFORE MR. SURE.
SHERMAN LOOKS UP YOUR FUND BALANCE.
I REALLY THINK THIS GENTLEMAN HAPPENED TOO.
WHAT IS THE CURRENT FUND BALANCE? AND THE SECOND QUESTION WOULD BE THE PASSING OF PROPOSITION TO HOW WOULD THAT IN THE FUTURE AFFECT THESE NUMBERS? OKAY, SO WE'RE PAID ON THE CONTROLS VALUE AND IF THAT GOES DOWN, BECAUSE WE'RE LOSING ALL THESE OVER 65 EXEMPTIONS, THE LEVY LAWN THAT OUR STADIUM GOES UP.
SO IT REALLY SHOULDN'T HAVE NO IMPACT TO THE SCHOOL DISTRICT.
SO THE 25,000 TO THE 40,000 THAT STILL HAS VIRTUAL, WELL, THERE'S ALREADY A WHOLE HARMLESS IN PLACE THAT'S, THAT'S GONNA BE ROLLED OUT FOR THE 40,000, EVEN THOUGH IT'S NOT DOLLAR FOR DOLLAR, BUT DON'T NECESSARILY GARNER THE STATE AID MAKEUP AS WHAT
[01:20:01]
YOU WOULD'VE BOUGHT THE TEA SAID THEY DID DESIGN IT THAT WAY.BUT TYPICALLY WHAT HAPPENS IS WE BECOME LESS WEALTHY.
BUT AGAIN, THAT SAME AMOUNT THAT WE WOULD GET'S NOT GONNA CHANGE WITHOUT IT INCREASING THE BASIC ALUM.
OR YOU KNOW, IF WE WERE A GROWING DISTRICT AND THEN GROWING DISTRICTS, THEY GET MORE MONEY.
BUT IN THAT HIRING MORE TEACHERS AND MORE STAFF AND YOU KNOW, MORE FACILITY, YOU KNOW, YOU KNOW, ISSUES TOO WITH, YOU KNOW, BUILDING THEM BECAUSE YOU CAN BUILD YOUR FACILITY WITH BOND FUNDS BUT YOU, YOU KNOW, YOU HAVE LIKE A HALF, HALF A MILLION DOLLARS IN AN ELEMENTARY SCHOOL COMES UP WITH THE OPENING OF THE MIDDLE SCHOOL ON DAY ONE.
I MEAN THE ELEMENTARY SCHOOL ON DAY ONE.
JUST BECAUSE YOU HAVE TO HAVE ONE PRINCIPAL, YOU CAN SEND SOME TEACHERS OVER, BUT YOU HAVE TO HAVE AIR CONDITIONING UTILITY, YOU KNOW, ALL THAT WHOLE THING.
SO THAT EARLIER WHEN WE, YOU KNOW, DEAL WITH IN THE FUND BALANCE, I WOULD HAVE TO LOOK UP AND WHY'S SHE LOOKING FOR THAT? I JUST WANT TO MAKE A STATEMENT.
ONLY SOMEBODY WAS PUSHING FOR THAT.
SO THE SCHOOL DISTRICT, YOU DIDN'T HEAR ANYBODY FROM THE SCHOOL DISTRICT LOBBYING TO VOTE? YES, VOTE YES, VOTE YES.
BUT DO GET PEOPLE OUT COULD VOTE.
THE OTHER THING IS THAT THE VALUES ARE SET MAXED OUT IN 10% INCREASE PER MONTH.
SO MOST OF THESE PROPERTIES ALREADY, THEY'RE MAXED, YOU KNOW, THEY'RE FLAT LINED LIKE AUGUST, YOU KNOW, THE PROPERTIES WERE 300,000, BUT THEIR MAX RIGHT NOW FOR APPRAISAL AT ONE 50, SAY FOR EXAMPLE RIGHT NOW BECAUSE YOUR EXEMPTION MOVES FROM 25,000 TO 40,000, IT'S NOT GONNA AFFECT THAT.
I DON'T THINK WE'RE GONNA SEE ANY REAL DIFFERENCE AT ALL.
BUT OTHER THAN THE DIFFERENCE ON APPRAISALS, IF YOU LOOK, YOU GOTTA LOOK AT THE HOW MUCH YOU'RE, HOW MUCH YOU'RE FROZE, WHICH LEVEL YOU FROZEN.
I DON'T KNOW WHY IT WAS ON THE BALLOT BECAUSE IF YOU LOOK AT YOUR TAX PAPERS, IT ALREADY SHOWS THE 40,000.
WELL IT, IT'S EVENTUALLY GONNA CATCH UP WITH YOU BECAUSE THAT 10% FREEZE CAN EQUAL TO A 20% INCREASE ON THE FOLLOWING YEAR.
SO I MEAN IT'S THIS THING LIKE VOODOO
YOU WANT FINANCE FINANCIAL SERVICES.
THAT'S, I REALLY LIKED THIS MEETING YOU GOOD.
THANK YOU DR DR DO YOU THINK THAT UH, TEACHER SALARIES GOING GO UP EVERY YEAR BECAUSE YOU COMPETE WITH THE SURROUNDING SUBURBS OR, I DON'T THINK IT COULD GO LIKE WHAT OTHER DISTRICTS ARE DOING, BUT WE DO HAVE TO MAKE SOME ADJUSTMENTS THROUGHOUT.
SO WHAT YOU'LL SEE FOR ME THIS YEAR IS PROPOSAL ANYWHERE FROM FOUR TO 6%.
AND I'LL SAY THAT OUT LOUD HERE.
THAT'S WHAT I'VE BEEN WORKING WITH DEBBIE ON FOR BUDGETING.
UM, AGAIN, I CAN'T, I CAN'T COMPETE WITH, WITH THE BIGGER DISTRICTS, BUT WE HAVE TO COMPETE WITH THE SOUTHWEST.
SO WHAT ARE THE, THE BIGGER DISTRICTS DOING FIVE, 6% AND THEN OVER TIME SOME OTHER, UM, BONUSES IF YOU WILL.
YOU SAY LIKE NO, 60,000, 65,000.
WHEN THEY START THEY UM, GARLAND MOVED THEIRS UP TO 60.
YEAH, WE 65 HERE SAVE LIVES, FIVE SAVE LIVES.
NOW WHAT WE CAN DO, WE CAN COLLABORATE WITH THE CITY FOR GROWTH AND GET OFF OF THESE WAREHOUSES AND OFF OF THESE ROOFTOPS AND THEN WE COULD GET A STRONG TAX BASE TO TAKE US UP TO 70.
BUT I WAS GONNA GET, SO THEN YOU GIVING PAY RAISES EITHER FLAT ACROSS THE BOARD OR YOU GIVING IT BASED ON THE MIDPOINT? WELL I DO A LOT OF, LIKE I SAY CONGRESS, THE SAY THAT THE TEACHERS THAT ARE SUPPOSED TO BE REALLY LOSING A LOT, THEY KNOW THE NINE TO 10 YEAR, 11 YEAR TEACHER, WHATEVER THE SITUATION'S SUPPOSED TO BE, YOU KNOW, WHATEVER'S TIRED OR BURNOUT, WHATEVER THOSE ARE LOSE.
BUT, SO IF YOU ARE LOOKING AT IT, I CAN COME OUTTA COLLEGE AND MAKE 55 AND I CAN BEEN TEACHING NINE YEARS AND MAKE IT 65.
WHY DON'T YOU MOVE THOSE SALARIES UP? THE ONES THAT BEEN HERE A WHILE, YOU MIGHT WOULD HAVE LESS TURNOVER IN THERE.
AND YOU HAVE MORE EXPERIENCED TEACHERS THAT STARTING FROM THE BOTTOM.
CAUSE THERE'S, WHEN YOU RUN INTO ISSUE, THE PERSON THAT STARTED IN THREE, FOUR YEARS, HE WITH A PERSON THAT BEEN WITH YOU NINE YEARS, SAME SALARY.
ESPECIALLY IF HE'S IN ANY TYPE OF ATHLETICS.
I SEE THE PROBLEM IS NOT SO MUCH IN BEGINNING PAY IS YOU KNOW, FROM IT'S CRIMINAL WHAT YOU GET PAID MID-CAREER.
YOU, THAT'S, THAT'S I THINK WHERE HOW YOU, YOU WORK FOR THE DISTRICT HERE
[01:25:01]
TOO.I MEAN, IF YOU AND I HAVE THE SAME NUMBER YEARS OF EXPERIENCE, YOU'RE BETTER THAN I AM.
WE'RE GONNA GET THE SAME AMOUNT OF MONEY.
NO THAT'S NOT AND THAT'S, I KNOW THAT, BUT IN CORPORATE AMERICA THAT HAPPENS.
YOU DON'T, IT'S THE SAME NO MATTER WHAT.
SO YOUR FUND BALANCE THAT YOU GOT 25 MILLION, YOU CAN'T.
LOOK AT YOUR FONT BALANCE THAT WE HAVE A MAINTENANCE THAT YOU CAN'T LOOK, SAY I GOT, YOU KNOW, 15 TEACHERS BEEN WITH ME, GOOD TEACHERS, GOOD CAREER.
YOU KNOW, YOU NEED ALGEBRA, MATH AND SCIENCE, THIS AND THAT.
WELL WE CAN'T OFF THE MIDPOINT.
BUT I ALSO WILL SAY TO YOU AND EVERYONE IN HERE, IT'S NOT ALL ABOUT OUR SALARY.
MM-HMM WE ALSO HAVEN'T MOVED IN OUR PAYMENT OF INSURANCE FOR OUR STAFF AS WELL.
IN HOW MANY YEARS DEBBIE DID WE LOOK AT THAT INSURANCE? NEVER.
BECAUSE IT'S BEEN A REQUIRED MINIMUM 20 YEARS.
SO THOSE KINDS OF THINGS TOO GIVE, PUTS MONEY BACK IN AN EMPLOYEE'S POCKET WITHOUT NECESSARILY MOVING THAT SALARY.
UH, SO THERE'S SOME OTHER THINGS THAT WE CAN DO IN ORDER TO OFFSET SOME OF THAT AS WELL.
IT'S NOT ALL ABOUT THE SALARY, ALTHOUGH THAT'S WHAT PEOPLE SEE BIG LIFE IN AMERICA THOUGH, EVERY YEAR, YOU KNOW, YOU PAY FOR MORE AND GET LESS.
SO WHEN YOU HAVE SOMEONE BEEN WITH YOU NAMES EIGHT, NINE YEARS AND LEAVE KEPT TALK, I MEAN MOST OF THE TIME THEY DON'T TALK AND LEAVE OR THE PRINCIPAL HOW, WHAT IS YOUR AVERAGE RIGHT NOW IS ABOUT WHAT, 11 YEARS THAT WE SAW.
11 YEARS IS OUR AVERAGE FOR OUR TEACHERS AS FAR AS THE NUMBER OF YEARS.
SO WE'RE GOING, THAT'S OUR MIDPOINT THAT SO THEY DON'T COME TALK TO ANYONE SAY WHERE YOU CAN MAKE THIS RIGHT OR DO THIS.
THEY JUST SAY WHERE I'M GOING TO DISORDER OR RED OAK.
THEY DO THEY AND THEY DO COME AND TALK TO HR.
BUT IT'S, IT'S NOT A REQUIREMENT TO RELEASE SOMEONE.
UM, MOST DON'T WANT TO, TO DO AN EXIT.
HE'S TALKING ABOUT TRYING TO SAY AND GIVE THEM MORE PAY TO GET THEM.
I'M SAYING IF MR. JONES, IT'S DIFFERENT PROFESSIONAL DEPARTMENT.
IF HE COME IN TO YOU AND YOU KNOW YOU NEED HIM AS A MATH DEPARTMENT, SEE I'M MAKING 65,000, I CAN GET 85 AND LITTLE YOU CAN TALK.
I CAN, I JUST ACTUALLY HAD THE CONVERSATION WITH HER TODAY ABOUT A SPECIAL ED, UH, COORDINATOR.
COORDINATOR WHO WANTS TO GO SOMEWHERE ELSE FOR A FEW MORE DOLLARS.
BUT WHAT REALIZES MORE DAYS? SO YOU'RE TRYING TO MAKE SURE HE UNDERSTANDS THAT TOO.
THE DAILY RATE IS HIGHER HERE.
ALTHOUGH THE OVERALL SALARY MIGHT BE LOOKING HIGHER THERE, BUT HE'S GONNA WORK MORE DAYS.
SO THAT'S SOMETHING THAT HR IS TRYING TO MAKE HIM HAVE HIM UNDERSTAND CAN WE MAKE SOME ADJUSTMENTS AND THAT YOU'RE ASKING ME, WE CAN, WE CAN MAKE SOMETHING.
BUT AGAIN, AT A CERTAIN POINT I ALSO HAVE TO BRING THAT TO THE BOARD FOR APPROVAL.
I CAN'T JUST SAY, YEAH, I'LL GIVE YOU THIS AND I'LL GIVE YOU THAT.
BUT UM, I MEAN SOMEBODY TRY TO TAIN THE TEACHERS.
I KNOW THAT'S SOMETHING ELSE WE HAVE.
WE HAVE THAT TEACHER INCENTIVE, YOU KNOW.
HOW, HOW IS THAT GOING FOR THE DISTRICT? EXCUSE ME.
HOW IS THAT GOING FOR THE DISTRICT START GETTING STARTED WHEN WE HAD STARTED AND WE HAD SOME KIDS GETTING 25,000 IS 15,000 BASED OFF THE NUMBER OF STUDENTS WHO MADE APPROACHES OR HIGHER.
SO WITH US NOT HAVE TO START THESE LAST FEW YEARS TO DO THE, WE DIDN'T HAVE THOSE FUNDS TO KIND OF SHARE OUT, BUT SO MANY TEACHERS WOULD GET NICE CHECKS THAT YOUR CELEBRATION.
NOW WE HAVE SOME OF THAT FUNDED THROUGH THE STATE.
BUT WE STILL HAVE BUDGETED FOR EVERYONE IN THE DISTRICT.
NO MATTER IF YOU ARE CUSTODIAN IN THE, IN THE DISTRICT OR WHEREVER, WHATEVER THAT SCHOOL GETS, YOU GET SOME LEVEL OF AN INCREASE OUR BONUS THROUGH IT, THAT'S COMING FROM GENERAL, BUT THE TEACHERS THEMSELVES ARE COMING FROM A GRANT THAT WE HAVE THROUGH OUR STATE DEPARTMENT.
SO YOU ALL SAID IN THE EDUCATION SYSTEM, NO MATTER WHERE YOU AT, IF YOU GET NINE OR 10 YEARS, YOU'RE GONNA MOVE AROUND CAUSE USR YOU'RE GONNA GET AN INCREASE IN PAIN NO MATTER FOR YOU.
JUST NO, I'M NOT SAYING THAT AT ALL.
LET'S GO BE ADVANCEMENT AS WELL.
CAUSE FOR MYSELF, I WAS A TEACHER FOR SOME YEARS AND I GOT AN OPPORTUNITY TO BE A COACH.
SO I LEFT THAT DISTRICT, BECAME A COACH AND GOT OPPORTUNITY TO BECOME HERE AND BE THE MATH COORDINATOR.
SO THEN I LEFT HERE, WENT TO GRAND PRICK, I WENT INTO A DIFFERENT DEPARTMENT.
SO PEOPLE ARE LEAVING FOR ADVANCEMENT OPPORTUNITIES AS WELL.
NOT JUST CAUSE OF WELL IT'S BECAUSE SALARY.
WELL THEY LOOK AT WHAT THEY HAVE TO DO FOR WHAT THEY GETTING PAID.
AND I THINK A LOT OF IT, LIKE I SAID, WE HAVE A GOOD HEALTHY NUMBER OF POSITIONS THAT ARE IN BETWEEN, UM, THE, THE PRINCIPALSHIP AND, AND THE CLASSROOM TEACHER.
WE HAVE A GOOD NUMBER OF POSITIONS.
CUZ NOT EVERYBODY WANTS TO BE A PRINCIPAL.
NOT EVERYONE WANTS TO BE A SUPERINTENDENT.
UM, SO YOU HAVE TO HAVE SOME OFFERINGS AND OPPORTUNITIES AS WELL.
AND I THINK WE DO A GOOD JOB OF THAT HERE.
[01:30:01]
IT WAS PROBABLY SAID BUT TO, TO UNDERSTAND IF YOU'VE BEEN HERE NINE YEARS, YOU ARE AT A STEP LEVEL THAT YOU CAN MOVE TO ANOTHER STEP.WELL ALL OF THE EDUCATORS THEN, YOU KNOW THAT, THAT STEP LEVEL AND THEN IF YOU ARE A MATH SPECIALIST THAT YOU COULD PROBABLY MOST LIKELY LOOK FOR A STIPEND WITH THAT
SO YOU DON'T, YOU DON'T HAVE TOO MANY OF THOSE.
I DON'T SAY REALLY THE, UH, THE CERTIFIED QUALIFIED TEACHERS IN THE CLASSROOM.
I DON'T THEY DON'T YOU DON'T HEAR TOO MANY REALLY A LOT.
BUT IT'S BE OTHER REASONS THAT TEACHERS LEAVE DISTRICTS NOT ALL FOR THE MONEY.
THAT'S WHAT, THAT'S WHAT WE'RE LOOKING AT.
AND WE CAN'T, IT'S THE BEHAVIOR JUST STATED EVERYTHING NOW.
IT NOT, IT COULD BE A LOT OF REASON, BUT MONEY DO KNOW.
SOS THE YEAH, BUT SOME PEOPLE, ONE QUESTION, NO MONEY, EVERYBODY SAYS TEACHERS DON'T GET PAID ENOUGH.
I MEAN, I THINK THAT'S ESTABLISHED.
HOW MUCH IS ENOUGH? I DON'T EXPECT THE NUMBER FROM YOU, BUT I'M SAYING THAT WE FIGURE THAT OUT.
THAT'LL PUT US A LOT CLOSER TO WHERE WE NEED TO BE.
I HAVE NO IDEA WHAT THAT, WHAT IS ENOUGH BECAUSE WHAT'S ENOUGH FOR ME MIGHT NOT BE SOMETHING DIFFERENT.
YOU, I MEAN I SEE, YOU KNOW, I SEE.
I'M JUST GONNA SPEAK FROM MY OWN PERSPECTIVE, FROM MY EYES.
ALTHOUGH WE GOTTA COMPETE WITH THIS TEACHER, YOU KNOW, THAT SAY THAT.
I DIDN'T WANT THAT TO COME OUTTA MY MOUTH, THIS, UH, SALARY.
BUT I HAVE TO COMPETE WITH HIS TEACHERS.
AGAIN, I I ALSO HAVE TO HAVE SOME UNDERSTANDING AND FLEXIBILITY THERE FROM MY STAFF AS WELL.
WE ARE NOT, I KEEP SAYING WE ARE NOT GARLAND, WE'RE NOT GRAND PRAIRIE, WE'RE NOT, WE'RE DALLAS, WE'RE NOT, THEY COMPETE WITH EVERYONE.
BUT WE CAN COMPETE WITH THE SOTO, WE CAN COMPETE WITH CEDAR HILL OR EVEN DUNCANVILLE IN THAT MANNER.
AND, AND DEFINITELY WE ARE A PRIME EXAMPLE.
I WOULDN'T SAY THIS, YOU WOULDN'T HAVE OPENED THAT DOOR UP DR.
WHAT WE JUST HAD NOT JUSTIFIED IN MY BOOK.
I WAS ALL, I WAS GONNA TALK ABOUT THIS THIS EVENING WAS JUST SOME OF THE DILEMMAS AND TRYING TO FIGURE OUT WHAT REVENUE'S GONNA BE AVAILABLE.
CAUSE THAT DRIVES YOUR BUDGET.
I WOULD ASK THAT THE BOARD ALSO HAS, HAS OPEN MIND REGARDING SOME OTHER OPTIONS AND OPPORTUNITIES OTHER THAN JUST THE SALARY.
AGAIN, AS I MENTIONED EARLIER, THE INSURANCE AND THOSE KIND THINGS AS WELL CAN OFFSET SOME OF THAT.
THAT IS WHAT THEY'RE PAYING MONTHLY.
I'M 24 YEARS OLD COMING OUT HERE.
EVEN SOME OF THE RETIREMENT PIECES, BECAUSE I'VE BEEN IN DISTRICTS WHERE YOU PAY A CERTAIN PERCENTAGE OF THAT AS WELL AS, AS AN EMPLOYEE.
I'M 24 YEARS OLD COMING OUTTA PRAIRIEVIEW.
HOW DO YOU TELL ME THAT? EXCEPT NOW IF I COME BACK TO LANCASTER, MOST OF 'EM WANTS TO TEACH WHERE THEY GRADUATE FROM.
BUT IF YOU SIT DOWN AND TALKING TO ME, YOU DISORDER.
YOU DISORDER AND THAT, HOW DO YOU TELL ME WHAT I CAN MAKE HERE? WHAT THE, YOU KNOW, CHANCES ARE THE OPPORTUNITIES ARE JUST OF BEING A REGULAR COMING HISTORY TEACHER THEN.
WELL I THINK WE HAVE TO LOOK AT OTHER, OTHER, OTHER INCENTIVES OF THIS SALARY.
AGAIN, I KEEP SAYING THAT BECAUSE WE CAN LOOK AT HOUSING SUPPORT FOR A NEW TEACHER.
WE CAN LOOK AT CHILDCARE FOR A NEW TEACHER AND IN SOME CASES IN, SO Y'ALL HAVE ALL THAT ASSIST? NOT YET.
BUT LIKE IN WEST TEXAS, THEY BUY HOUSES FOR YOU.
THEY PUT THEM, THEY BUY HOUSES, THEY PUT THEM IN THERE CAUSE THEY CAN'T GET THE PEOPLE TO COME AND STAY.
SO WE HAVE TO LOOK AT SOMETHING OTHER THAN JUST SALARY.
AND I'M, I'M JUST GONNA SAY THAT BECAUSE THAT'S ALL WE HAVE BEEN DOING.
LOOKING AT A SALARY AND GIVING THAT MEAN, I I DON'T MIND TYPE OF HALF STUFF.
I THINK YOU CAN NEED THAT GET MONEY.
BUT I ALSO THINK WE CAN MAKE IT ATTRACTIVE IN OTHER OTHER WAYS.
LIKE HAVING FREE DAY FOR THEIR, THEIR CHILDREN WHO WORK FOR THE DISTRICT AFTER SCHOOL DAYCARE THAT THEY DON'T HAVE TO PAY FOR OR SOMETHING.
THAT THOSE THINGS HAPPEN AND THEY ARE VIABLE.
AND THERE ARE A LOT OF PEOPLE ARE INTERESTED IN THOSE TYPE OF THINGS BECAUSE WE HAVE A REQUIREMENT HERE.
THE SUPERINTENDENT HAS TO LIVE IN THE DISTRICT, BUT WHAT DO WE DO? BUT SHE DON'T HAVE TO HAVE A $5 MILLION HOUSE TO SHE WELL SHE WOULDN'T HAVE HALF THAT.
IF WE PAY FOR IT, IT'D BE CHEAPER.
THAT'S WHAT YOU WANNA PAY FOR.
CAUSE WE DON'T SUPPLY WHAT YOU PAY FOR HALF TO I HAD IN ORDER.
THAT'S DIFFERENT REAL ESTATE PRICE.
WE, WE ONE TIME IT'LL BE OWNED BY THE DISTRICT.
WELL THANK YOU MR. I APPRECIATE HAVING, THIS IS INTEREST.
IT'S REALLY NICE TO KNOW SOMEBODY TO HAVE SOMEBODY WITH YOUR KNOWLEDGE AND ABILITY TO KNOW YOU'RE GETTING A REAL DEAL.
[01:35:01]
ANYONE? THIS IS YOUR SHOW, SIR.IF NOBODY INFORMATIVE, NOBODY HAS ANYTHING.
DO WE HAVE TO GO BACK DOWNSTAIRS AND ADJOURN? ADJOURN.