Share Your Input on LRSDs Financial Future
Due to a loss in desegregation funds as part of the settlement agreement reached in 2014, LRSD will face a $37 million cut in revenue, annually, beginning in 2017-18. Our goal is to determine the best way to handle this significant reduction in revenue while, at the same time prioritizing resources for the academic improvement of our students and provide for the financial stability of the district’s future.
We have had to make some difficult choices, with cuts to date that have included:
|Fiscal Year||Total Reductions|
We have considered many additional options to help us meet our fiscal responsibilities. With each option, we have always considered the impact on students to be our top priority. We have developed the following list of potential options for 2017-18:
|Fiscal Year 2018 Reduction Options|
|School Staffing (Secondary Focus)||$3,000,000|
|LRSD Transportation (Proposal)||$1,636,773|
|Various Stipends (NBCT, AM, PM, SEC)||$724,000|
|Health Insurance Reduction ($225)||$1,935,000|
|School Closures (3-4)||$4,700,000|
|Privatization of Services (Cust & CN)||$1,000,000|
|Position Reductions (Admin/Support)||$1,000,000|
|Total for Fiscal Year 2018||$15,304,197|
After reviewing the list, please share your input about additional items that you believe should be considered. You may share your input the following ways:
- Click here to leave your comments on the website.
- Leave your comments on the district’s Facebook page or Twitter account, using the hashtag #LRSDlistens.
The deadline for submitting comments is Sunday, October23, 2016. Thank you for your input.