– Annually, the Board reviews the audit by Maher Duessel, CPAs of the fiscal records for the prior fiscal year. This year’s audit will be reviewed by Amy Lewis, CPA and Dave Duessel, CPA and will be presented in final form for approval at the October 20 meeting.Ms. Lewis reported that there has been a change in auditing and our PSERS obligation must be on the books this year. It is approximately three times our covered payroll.
Our school board directors, however, like to blame Tom Corbett.
8 comments:
Oh is that all, that should be chump change for the Capital Campaign.
Hahahahahahahahahha
We'll just have to double down and add several more fundraisers to the payroll.
That an increase the student parking fee again.
Lewis advises that their isn't much the board can do about the $109 million liability that needs to appear on the books. That is true.
But, like private businesses they CAN control the future expansion of liabilities by drastically curtailing the expansion of the payroll.
Taxpayers are tapped out.
It is so unfortunate that school districts continue to scapegoat Tom Corbett as an excuse for financial greediness and lack of fiscal responsibility. Too many administrators copping out and not acting in a professional, responsible way! We need to clean house! Rendell fixed a one time deal giving piles of money to PA school districts. The money is all used up! Let's move on and get our school finances in order!
I don't thick our school board has the guts to stand up to the teachers union.
The school board was selected by the teachers union.
So was Wolf.
What business do you know where expenditures rise by an average of $2 million dollars per year yet turns out fewer product practically every year?
According to one think tank:
"According to state data, Philadelphia's contributions to the Public School Employees' Retirement System (PSERS) increased from $42 million in 2009 to more than $101 million in 2013. Pension costs will reach $175 million this coming school year and continue rising thereafter.
To put that increase in perspective, consider how it compares with average teacher salaries. The $133 million spike in pension costs equals the salary of more than 2,000 public school teachers. That represents roughly one out of every four teachers in the district.
A school system already struggling to educate its children will be overwhelmed by mandated pension costs. These costs will force even deeper program cuts, widespread staff reductions, or exorbitant tax increases at the state and local level."
MTLSD is reaching the same pension crisis!
Did you hear Ms. Lewis say there is $1.1 million in unpaid Earned Income Taxes in our district? That sounds like parents are tapped out to me. So the PA Senate solution is to tax unearned income but the WOLF has other ideas including a 10% tax on natural gas extraction that will be added to everyone's home heating bills.
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