District independent financial auditors presented their findings to the Board of Education last night. In concert, I prepared the presentation below, one in the long line of the Financial Transparency Series, to complement their snapshot view with a multi-year trended view and projection of our financial condition. I developed the…
Tag: MPSERS
My Detroit Free Press Op/Ed: Legacy costs are crippling schools
The following is my guest editorial that was published in the Detroit Free Press on April 22, 2011. I also created a PowerPoint presentation to further flesh out the details. You can access it here. Let’s start here as we view the Michigan budget in the context of the Lost…
You can’t outsource a liability
DPS Emergency Financial Manager Robert Bobb Robert Bobb made headlines again today when he announced Detroit Public Schools would outsource custodians and engineers to save $75 million. I recently wrote of the immensity of DPS’ budget problems so it’s tough to argue against anything that could stand to improve their financial…
Retirement Reform Reality: Lansing Steps Up
Late last night, while most sane people slept, Lansing lawmakers took the step that really had to be taken to right the direction of the Michigan K-12 funding system.
Retirement Rate Increase: Granholm’s Back Door Cut
Things are starting to look eerily and sadly familiar in Lansing. In the spirit of March Madness, Governor Granholm is attempting a back door cut that would make legendary North Carolina coach Dean Smith smile, but local school districts frown. Let the political games began. It’s Budget Madness.