"The St. Louis Schools Watch was founded on the premises that parental and community involvement are needed for good schools to flourish, and that public participation is a cornerstone of democracy. The Watch offers information and analysis that we hope contributes to a public debate over what changes are necessary to improve St. Louis public schools, and what works."

-- Peter Downs, Founder

Got a press release, news tip or rumor to share? Maybe a suggestion on how we can improve this site? Email us at editor@pubdef.net

Or call our 24-hour Tip Line at (314) 518-2364. All tips are confidential.





VIDEO: District Faces Financial Crisis

By Antonio D. French

Filed Thursday, June 8 at 8:49 AM


St. Louis Public Schools' chief financial officer delivered some bad and some worse news to the school board Tuesday night.

Cedric Lewis said that the estimated $2 million deficit in next year's budget is actually closer to $4 million. But Lewis and Superintendent Creg Williams said that the district is facing a real financial crisis in November 2007. At that time, according to Williams, the state's largest school district will be $50 million in the red.

"A lot of employees don't understand that right now, their payroll checks are being tendered by the loan that we borrowed against the Deseg funds," said Lewis.

Williams told the board that at the end of next year SLPS will have what he described as a "cash flow problem."

Board member Ron Jackson asked Williams, considering the looming financial crisis, if it was wise to be giving raises to employees this year and creating new programs which have yet to be funded.

The superintendent said it was his recommendation to continue for now with the present agreements that the district has made with employees.

Williams said the district must be aware of its financial situation in future decision-making and that he and the board should develop a plan of how they will pay their bills 18 months from now.


Post a Comment

<< Home

Help us with the cost of operating this site:

Advertise on Pub Def

Advertise on Pub Def