Isn't about time we hear something DEFINITIVE on LPS NET SCHOOL SPENDING for last year? Just to refresh your memory, KEVIN MCHUGH, LPS BUSINESS MANAGER (who's salary is about to be renegotiated) fekt the budget presented by the MAYOR and approved by the LSC FAILED to hit the 95% requirement of fully meeting the NET SCHOOL SPENDING amount thereby incurring a PENALTY.
FOR HER PART THE mayor STRONGLY FELT THAT WITH SOME FANCY ACCOUNTING WITH THE city SIDE paying for some allowable school expenses that while not FULLLY funded the budget fell well within acceptable parameters and WILL NOT incur a PENALTY. She claimed to have some of the city's auditors backing her up on this.
Well they both can't be right and I am curious to learn where we actually stand.
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