How Schools Can Reduce Spending to Retain Staff
Noblesville Schools (Indiana) recently announced plans to lay off staff due to a multi-million dollar deficit (Fox59 article). According to the superintendent, the budget shortfall stems from three main factors: a new state property tax law which has led to reduced funding school corporations and cities, a decline in student enrollment, and increased inflation. The […]
How Schools Can Increase Cash Flow in the Face of a Growing Funding Gap
The funding gap for Indiana’s public schools is now larger than lawmakers originally predicted. In fact, the gap has more than doubled. Current estimates exceed $22 million despite initial reports estimating $9 million, according to a recent article in Indy Star. If enrollment trends continue, the following year’s budget will be even worse. A recent […]
Cash-Strapped College Closing – Could it have been prevented?
In 2017, St. Joseph’s college announced plans to suspend operations and ultimately close. I’m sure this is heartbreaking for the current students, alumni, faculty and staff. With that said, the whole purpose of this blog is to ask the question: Could this have been prevented? In this situation, it appears the signs have been displayed […]