New Finance Paper Sheds Light on Complicated Issues
Just last week, we were talking about the record number of local school-related tax increases on the ballot and how those increases fit in the context of school finance overall. I even had a reader named Larry write in to correct me on a misspelling of Michael Phelps’ name. I incorrectly thought his name was Michael Phelp (with no “s”). I suppose that’s what I get for not watching swimming. I am dreadfully ashamed of the error, and hope Mr. Phelps (and Larry) can find it in his heart to forgive me. Fortunately, I won’t need to make any swimming references today. Instead, I’d like to continue the conversation on Colorado school finance by briefly highlighting a new issue paper published by my Independence Institute policy friend Ross Izard.
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Not All Records Are Good Records When It Comes to Taxpayers
Records are usually good things to set. Consider Jamaican Olympian Usain Bolt’s blindingly fast 100m dash record. Or maybe you’d be more impressed by U.S. Olympian Michael Phelps’ record number of individual medals—a record that hasn’t been touched since a guy named Leonidas of Rhodes won his 12th individual event in 152 B.C. That’s right, B.C. as in Before Christ. If you’re more into weirder records, you could ponder the couple who hold the record for most tattooed senior citizens, the man who maintains the world’s largest afro, the cat who holds the distinction of being the world’s longest housecat (at about four feet in length), or the llama who holds the record for highest bar jump cleared by a llama. Yep, that’s a real thing. But sometimes records aren’t so great. For instance, the record for “worst pandemic” goes to the bubonic plague, otherwise known as the “Black Death,” which killed about a quarter of the people in Europe back during the 1300s. My guess is that few people were excited about that one. And although tax increases are somewhat less terrible than society-ravaging outbreaks of plague (some may disagree on that point), I can’t imagine Colorado taxpayers are super […]
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Pizza Pies and Dollar Signs
I love pizza. Do you love pizza? Oh, what a silly question! Of course you love pizza. Everyone loves pizza! But here’s the big question: Do you love pizza enough to spend $2.6 million on it? Denver Public Schools does. I ran across an interesting article this morning from Kyle Clark, my favorite 9News reporter, who has apparently discovered that DPS has negotiated an agreement with Blackjack Pizza for $886,730 in the first year. If the pizza “meets expectations” (whatever that means given that there is no such thing as bad pizza, only shades of deliciousness), the agreement could be extended for another two years. That brings the grand total to $2.6 million.
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COPs and Robbers: A Tale of Two Jeffco Schools
It’s been a little while since we talked about Jeffco, but I couldn’t resist chiming in on a CBS 4 story proudly declaring that the district has broken ground on a “brand-new K-8 school” in Arvada’s Candelas development. The construction of a new school wouldn’t normally merit a blog post, but this particular school carries such political baggage and symbolic value that it’s impossible to ignore. If you dig deep into the locked container in your head labeled “Jeffco Recall 2015,” you’ll probably remember a bit of a kerfuffle last year about the proposed use of certificates of participation to finance new school construction in Jefferson County. COPs, as they’re colloquially known, exist mostly as an end-run around TABOR in that they allow governments to incur long-term debt without voter approval. The Independence Institute’s Josh Sharf explains it like this: The government, in this case a school district, transfers some asset, usually a building or set of buildings, to a special-purpose entity set up specifically to administer the COP. That entity – not the school district itself – then floats the bond on the municipal bond market. It then leases the buildings back to the school district for lease payments […]
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Lessons from Boulder Valley: Hoping for No Strike and Even More
The negotiations surrounding the teachers union contract have broken down. Now the situation appears to be getting quite tense in the Boulder Valley School District. Last week I expressed my hopes that the teachers choose to act like professionals, rather than rehash last spring’s “sick out” or even worse. This Daily Camera report (complete with video) from Tuesday’s Boulder Valley School Board meeting indicates the growing possibility that my hopes may not be met: Union officials said they don’t know what value fact-finding would provide, and they’d rather go through the budget to find the money needed to move toward professional pay. Regardless of how negotiations move forward, King has said schools won’t be interrupted. The teachers’ union has said taking some sort of “job action,” such as a strike, is a possibility but they hope to avoid it. [emphases added] Four items to consider:
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A Glimpse at "New" Schools: Montclair School of Academics and Enrichment
Okay, okay … so Denver’s Montclair School of Academics and Enrichment isn’t exactly new. In fact, at more than 100 years of age, it’s one of Colorado’s older public schools. So what’s new about it? Montclair is one of the state’s first two Innovation Schools — as approved by the local school board and by the state board of education under the 2008 state law — and the only school to be recognized both as an Innovation School and as a DPS Beacon School. What does that mean, you ask?
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Status Quo in Congress Holds Back Teacher Incentive Fund Growth … Somewhat
Alyson Klein, one of the ladies who cover happenings related to education on Capitol Hill for Education Week, reports about an important committee vote yesterday: A bipartisan effort to boost funding for the Teacher Incentive Fund by an extra $100 million went down to defeat today during the full Senate Appropriations Committee’s markup of the bill funding the U.S. Department of Education in fiscal year 2010. The bill already includes $300 million for the TIF, a teacher performance-pay program that is currently funded at $97 million. The proposed increase in the failed amendment would have been paid for by taking $100 million out of the federal State Grants for Improving Teacher Quality program. TIF provides competitive grants to state agencies, school districts, and charter schools that develop quality performance pay programs for teachers and for principals. As my Education Policy Center friend Ben DeGrow has outlined in his issue paper Denver’s ProComp and Teacher Compensation in Colorado (PDF) and elsewhere, local Colorado school districts have applied for and received a significant share of TIF grant money. Besides Denver, they include Eagle County, Harrison (El Paso County), and Fort Lupton. Our K-12 education compensation system badly needs a serious overhaul, and […]
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Healthy Skepticism about Magical Money Tree and Education Reform
The federal government’s “magical money tree” can make untold billions of dollars out of thin air to spend on a wide array of pork projects and various government programs. But what will the money earmarked for education do to promote lasting and effective reform to help student success? Plenty of lip service has been given to this notion. Don’t worry. You aren’t alone in having good reason to be very skeptical of the “stimulus” leading to real education reform. Months ago, when the stimulus was first passed, my Education Policy Center friend Ben DeGrow made the observation: While unconditionally dumping more funds into schools may help to guarantee jobs, it won’t help the ones who need it the most. We’re all in good company now. In the first edition of “Education Stimulus Watch” (PDF) released this week, American Enterprise Institute adjunct fellow Andy Smarick makes a strong case for the unprecedented federal spending package to produce little or no positive results:
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Discuss the "Rock Star" Teacher Idea While I Take a Trip to the Beach
Next week I’ll be on vacation at the beach, and blogging won’t be high on my priority list. But before taking off, I want to leave you with a glimpse into a school model based on the “rock star” teacher idea. This doesn’t mean bringing in real-life rock stars to teach. To my mom and dad, that probably would be some guy named Bon Jovi. To my gramps, maybe some ancient dude named Elvis I’ve heard him talk about. But they’d all be wrong. In a nutshell, the idea is to free up funds to pay the best teachers more by allowing for larger class sizes. The question is: Will it work? Over at Jay Greene’s blog, Dr. Matt Ladner has written about the “rock star” teacher idea several times. The latest highlights a New York Times story about a Washington Heights school scheduled to open in the fall that will pay its eight teachers each $125,000 a year, with a chance to earn more in performance incentives.
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Citizens Speak Out Loud and Clear for Transparent Colorado School Spending
A couple weeks ago I noted that “Leaner Budget Times Call for Colorado Schools to Post Finances Online”. Yesterday the state senate education committee heard testimony on Senate Bill 57 (PDF) – which would do just that. Despite the great potential for government cost savings, opponents and a few committee members expressed concerns that schools couldn’t afford to enact transparency during these trying budget times. But if not now, when?
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