In an article by Tom Coombe, Kirk Bledon Jackson, and Brian Callaway on July 6, 2006 in the Morning Call, the state has increased school funding for Nazareth by 10.6% to $7.1 million.
In the same article Superintendent Vic Lesky is reported as having said, "in the Nazareth Area School District, extra money would be put into budgetary reserves."
Considering the recent tax increase in Nazareth and the refusal of the Board to consider a half million dollars in potential additional savings (read the previous post here), it would seem that the receipt of $752,600.00 should be put to use to reduce or eliminate the tax hike and not to reserves.
What do you think? Should the increase in state funding be put to reserves or should it go to reducing the tax increase?
2 comments:
Ross
It seems like a silly question!!!Use it!!!!Reserve for what??Another swimming pool?,maybe an indoor golf course???Use the state money and leave some in my pocket!!!!
One clarification regarding the post, the $752,000 is 10% of the $7.1 million, which I don't believe in hindsight of making the post is the same as the 10% increase, but suffice it to say the amount is not "small".
Guess it is easy to see that I was the liberal arts major and my brother the math major;-)
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