Archives for category: District factoids

May 19, 2015 Election Results

Budget Vote:
Yes: 835 No: 373

Proposition to Introduce a Capital Reserve Fund:
Yes: 625 No: 313

BOE Trustee Election: (2 open seats)
Michael Hanna: 816
Catherine Palmieri: 809
Robyn Kerner: 626

Congratulations to Mike & Catherine!

And very sorry to see Robyn go——

Candidates Debate | 2015

Irvington Parents Forum at Yahoo Groups
Irvington Parents Forum on Facebook
Irvington Union Free School District
BoardDocs
Irvington USFD Board Meetings – YouTube

 2011-2012 – school taxes for a current BOE member w/2 children
 SCHOOL TAXES $14,859.08*
 BUDGET $50,324,892.00
 ENROLLMENT  1756
 COST PER PUPIL  $28,658.82
 COST FOR 2 CHILDREN IN IUFSD  $57,317.65
WHAT PEOPLE W/O CHILDREN CURRENTLY IN IUFSD SCHOOLS PAY TO EDUCATE 1 BOARD MEMBER’S CHILDREN  $42,458.56

The essence of public school funding is that people who do not have children in the schools subsidize people who do. That is why people who do not have children in the schools are the moral – and legal – equal of “school parents.” People who do not have children in the schools enjoy (or should enjoy) precisely the same right to express their views on any and all matters pertaining to their schools, to be listened to, to influence policy and curriculum, to run for school board, and to serve on the school board. Public means public. source: Greenburgh Information System

AND SEE:
PW: mothers on the school board
PW: meaningful ideology (mothers on the school board)
A woman without children serving on the school board
Bob Grados: skin in the game
Skin in the game: audacity
Peter Meyer: skin in the game
Fathers on the board
Projected school spending and enrollment 2012-2013
#SENDOUT

Info from July 1, 2010 (most recent year analyzed in district actuarial report):

  • The district has 271 active employees and 135 retirees. Figures do not included spouses.
  • Average age of IUFSD employees is 44 for men, 46 for women.
  • Of active employees, 43 are currently eligible to retire.
  • As of July 2010, all employees, retirees and their spouses receive free healthcare benefits for life (no co-pay, no deductible).
  • Present value of all benefits (other than pension) is $100,000,000.

I am still learning the meaning of “present value.”

In a nutshell, “present value” means that to cover these future costs, which we have promised to pay, we would need to put $100,000,000 in a bank account today at an interest rate of 4%.

NOTE, however, that state law does not allow us to do this: state law does not allow us to fund (save money for) the benefits we’ll be paying.

By law, we are required to pay-as-we-go, which means that future parents and non-parents alike will have to pay out that $100,000,000 (and the figure will be higher when residents pay it, of course, because future taxpayers won’t have the 4% compounding interest they would have had if the money had been saved and invested).

I’m going to fact-check this post and come back to it.

AND SEE:
4 is not 2