Recently, the media has been providing some optimistic reports on the state of our economy. As a result, we’ve also noticed a slight increase in interest rates. The underlying cause of increasing rates is a combination of better economic news in the United States, especially in the housing market, where single family home prices are rising in most areas and fewer mortgages are “under water.” This improves consumer confidence and encourages additional spending. Other evidence of improved economic times has been seen in strong automobile sales for the first four months of the year.
I’ve addressed sequestration in past updates, and the financial impact our school district will experience as a result of the mandate. The effects of sequestration appear to be less than projected immediately prior to sequestration becoming effective. It is likely that the financial effects of sequestration will increase over the summer as more of the cuts mandated will take place. As a school district, sequestration will result in about a $5,500 reduction on our Title One funding.
On behalf of the EV-W Strategic Planning Committee, I’d like to thank all of our participating community members for the time and engaged participation at our May meetings. We appreciate your input and value your feedback as we design our ideal school district. Our planning committee, school board, and administration will be working on developing action steps and desired outcomes from the collected data. By late summer, we hope to unveil our final product including priorities, time frames, and measurement tools to evaluate the progress of our Strategic Plan.
Thank you for the contributions you’ve made to this school district initiative!
“An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you know and what you don’t.” –Anatole France