Category Archives: Uncategorized

The Global Economic Crisis and Education

Faced with dire circumstances that seem beyond our control, some of us opt for the old adage that what we don’t know can’t hurt us. We kind of lash ourselves to the railing and trust that the storm will pass eventually without washing us overboard. Others want to know whatever they can about the threat so as to meet it head on, hoping to increase their chances of coming through it unscathed. For those of you in the latter group, here are some thoughts about what may lie ahead as the global economic crisis—dire is not too strong a word—drills its way down into every Connecticut town, school and classroom. You rather not know types might just want to take a peek as well. Continue reading

Is it Raining Hard Enough Yet?

Let’s simplify the Rainy Day Fund, shall we? For several years, the balance grew and grew because we paid more in taxes than was needed to pay the state’s bills. That’s okay. That’s how it’s supposed to work. Some economists would argue that states should have reserves equal to at least 15% of their annual state budgets. Connecticut’s reserve of $1.4 billion, although substantial, is less only 8% of its budget. So it’s not like the extra taxes we have been paying in are out of sync with sound fiscal policy.

But now we find ourselves in the middle—at least I hope it’s the middle, because if it’s only the beginning, there may be no strategy that will help—of the worst economic crisis of our time. The collapse of the housing industry, the failure of some of the country’s largest financial institutions, two of the worst single day losses in stock market history, a federal bailout program that would have been unimaginable just six months ago—these are just a few of the scariest things. A current year state budget deficit of $300 million promises to keep growing in the months ahead, and the budget for the next biennium, 2009-2011, may well face the specter of revenue shortfalls in excess of $1 billion. Continue reading

School Year Begins Under Economic Shadow

A new school year has begun across the state and nation amid changes that reflect a growing concern over how to manage mounting economic challenges. A recent story in the CT Post told of the impact of rising fuel costs on school transportation and heating budgets. Dealing with this means curtailed bus routes, earlier building closings, and fewer extra-curricular programs for many CT school districts. Continue reading

A Midsummer Night’s Blog

With apologies to the Bard, and the halfway point of summer at hand, I can’t help thinking ahead to the November elections and the legislative season beyond. I thoroughly enjoyed an extended vacation in the Carolinas, and hope you all are having as carefree a summer as gasoline prices and other economic realities permit.

The new school year is now almost underway. Close on the heels of opening day comes high season for the political among us—nationally, statewide, and locally. A perfect time to begin thinking seriously again about what may be ahead for public school funding in Connecticut. Continue reading

Number of Local Budget Defeats Across the State

In one Connecticut town after another, voters are saying no and sending local budgets back to their leaders for more cuts. Yesterday, Bolton taxpayers said no to the 2008-09 budget for the third time in a month even though the margin of defeat was much smaller than previous attempts. Read story here.
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Uncle Sam Needs to Step Up

Here we go again. The state legislature appears to be limping out of its 2008 session taking no action that will help cities and towns cope with the latest fiscal crisis. Once again local taxpayers will be forced to shoulder the load or face severe cutbacks in essential services. Education budgets—the biggest ticket item in most towns—are destined to end up squarely in harm’s way. Continue reading

Budget News a Little Bleaker

The other shoe fell last week on the CT state budget surplus projection for the fiscal year ending June 30, 2008. What was thought to be a modest but healthy $260 million cushion just a couple or months ago has now been pegged at $16 million. Given a budget of $17.6 billion, we’re essentially talking zero at this point. The balance may even go negative when all is said and done. And while no one appears ready to conjure up a dire forecast for next year at this point, I don’t see much light when I look down the tunnel. Continue reading

History Being Made in School Finance

April 21st and 22nd are big days for the history of Connecticut and the Connecticut Coalition for Justice in Education Funding. This broad based advocacy organization—municipalities, school boards, professional education associations, unions, parents and students among its many members—will follow up an April 21st news conference with a next day appearance before the State Supreme Court. The Coalition’s legal team will be presenting oral arguments in its fight for an “adequate” education for every Connecticut child. It will be appealing Judge Shortall’s lower court ruling that no entitlement to such a level of education exists under the state’s constitution. Continue reading

Enhanced Municipal Employee Health Plan—Another Positive

Back from a much needed week in the warm Florida sunshine. Keeping on with last week’s theme of looking for positives in a negative climate, one of the first things I picked up on was the announcement of a plan to consolidate individual municipal health care programs into a larger self funded group program called the Enhanced Municipal Employee Health Insurance Plan. I haven’t seen all the details of the plan but it seems to be targeted and well suited to small to medium sized towns since some of the larger cities may already be operating under a large self funded program. Continue reading

It’s Not All Negative

Some of you have rightfully pointed out that much of the information posted on “06106” so far talks about school funding negatives—a weakening economy, slowing state revenues, the threat to ECS phase-in, rising energy and health costs, looming local budget battles. You have gone on to suggest it would be a nice change to hear a suggestion or two of a more positive nature. I agree. Continue reading