Sunday, August 28, 2011

Laredo Morning TImes editorial calls for financial prudence at LISD

Pushing for the raise are trustees Hector Garcia, Johnny Amaya & Cecilia Moreno

From the Laredo Morning Times
Editorial exceprt

Trustees should not be careless with the district’s money.

They must look ahead if the district is to remain financially responsible in future years.

In the coming year, the district has been forced to cut $9 million from its budget.

And administration came up with a plan that not only cut that $9 million, but also left the district with a $2 million surplus.

This is admirable. In 2012-2013, the district will need to cut even more.

Financial planning 101 will teach you that you have to plan not only for the short term, but also for the long term.

Salary increases next year mean more money dedicated to payroll the year after that, and so on.

And will trustees push for another increase on top of this one when budget time comes up next year?

At some point, trustees are going to have to face the cold, hard reality that more cuts are coming.

Right now, LISD has a $2 million surplus in a time of cutbacks.

Stop while you’re ahead. You’ll need that money for the 2012-2013 budget when things get even worse.

No comments:

Post a Comment