As reported in the Lynn Daily Item on February 14th, Lynn saw an $8.5 million shortfall in its state mandated public school spending during fiscal year 2013 (July 2012 - June 2013). If a city/town spends at least 95% of the required amount, there is no penalty and the remainder of the amount required but not spent is carried over to the next fiscal year. Because Lynn only spent 94.9% of its required spending, the city did incur a penalty last year; as a result of underspending, the city saw a $300,565 loss in state aid this school year.
If the budgeted spending for this school year (FY14) holds, the city will be $15,703,157 under its required spending which could result in a loss of $7,030,507 in state aid for the 2014-15 school year. This is a very serious matter. We are urging Lynn parents and concerned residents to attend the Lynn School Committee Meeting this Thursday, February 27th at 6:45pm (Location: 100 Bennett St.) to show your concern regarding this issue. The meeting will begin at 7pm but there is an Open Mike session scheduled for 6:45pm to allow for public comments. We are hoping that at least a few residents will speak up about this potentially devastating loss in state aid to our public schools. |
written (or copy and pasted) solely by Stanley H. Wotring, Jr. I am not a representative of the LSC (BUT I WANT TO BE!} nor are they responsible for the content. My email address is ***Lynn.School.Watch@gmail.com***. TIME TO GET SERIOUS!
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Thursday, February 27, 2014
Speak Out Against Under Funding Lynn Public Schools
LIL' LORI wants you to LISTEN and JOIN!
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Sorry but I cannot take credit for this. This is LPOBE event. Although, I will be attending.
ReplyDeleteYeah but the rhythmn of the alliteration works netter with you!
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