Tag Archives: money

I have to go back to school today, so I’ll miss the big rally at the State Capitol today: President Obama is flying his corporate jet to Denver to sign a bill putting my children into debt. I want to give him a proper Mile High welcome. The Independence Institute, along with Americans for Prosperity and other groups promoting sanity, are organizing a protest tomorrow, Tuesday, at noon at the west steps of the state capitol, and I hope you’ll be there. We’ll have over-sized checks you can sign to show your family’s $30,000 commitment to the bill. I’ll be joined by Michelle Malkin, Mike Coffman, Bob Beauprez, Jim Pfaff from AFP and many others. My parents said they want to make a statement and sign one of those checks. Thirty thousand bucks is a lot of money, you know. Can you imagine how many Legos or Matchbox cars that would buy? Seriously. And my family doesn’t get to pick the $30,000 off the magical money tree any more than the federal government gets to do so with the hundreds of billions of dollars they’re borrowing and spending. And, sorry to say, there won’t be a magical money tree at […]

Over at the Flypaper blog, Mike Petrilli asks the question “Could the recession be good for the charter school movement?” and gets some insightful answers from experts like Todd Ziebarth, Robin Lake, and Bryan Hassel. I’m too young to pretend I know the answer to a big question like that. Please go read what they have to say for yourself. But here in Colorado, I know that charter school leaders see the situation as a challenge. Economic slowdown has cut state revenues, and lawmakers have to look at where to cut the budget. One of the decisions on the table is whether to cut funding to the charter school capital construction fund from $10 million down to $5 million. This money goes to buy or lease property, as well as to do building construction, renovation, and major maintenance. The proposed cut might not be a huge deal if charter schools were funded equitably in the first place. You can listen to Colorado League of Charter Schools executive director Jim Griffin explain the handicaps public charter schools face in facilities funding, and what sort of effects the proposed reduction might have: I can’t answer big questions like the ones Mr. Petrilli […]

I’m only 5 (almost 6) years old, but I’m no dummy. The reason we all ought to be skeptical of the “it’s for the children” line is the political realities of how the money is spent. In his Pajamas Media column, Greg Forster unravels the uncritical support of our new President’s grand plans to throw billions of dollars at schools as part of a so-called “stimulus” package: I suspect that pretty much nobody in Congress really believes the Keynesian theory. There are two real motivations behind all stimulus bills. First, it creates an opportunity for politicians to claim credit for any good economic news that subsequently comes along. Second, it’s an excuse to shovel money at powerful constituencies, from whom you can later demand reciprocal support. It’s the latter reason that will determine how the new school spending in the stimulus bill will be spent. The money won’t go where it’s needed. It will go to the gravy train.

Okay, the year is almost over. And you won’t see me writing anything here between now and 2009. So I thought it a good idea to close out 2008 with a post that has some good news. In yesterday’s Rocky Mountain News, Berny Morson reported on a Colorado court decision that almost got completely overlooked. But it definitely is good news: School districts must apply the same funding rules to charter schools as they do other schools, the Colorado Court of Appeals has held in a Fort Collins case. At issue is a provision inserted by the Poudre R-1 school board in the contract that governs the Ridgeview Classical Schools, a charter school. The provision allowed the district to reduce financial support to Ridgeview when students transfer out. [link added] Basic and simple fairness, right? Students should benefit from the same funding rules whether they are in a traditional public school or a public charter school. Either it’s a good idea to take funds away from a school when a student transfers after the fall attendance count, or it’s not. It shouldn’t be a good idea for charters and a bad idea for others, or vice versa.

I’m pretty smart for a 5-year-old. But sometimes I wander into a topic that’s just over my head. That doesn’t mean it’s not important, but it’s probably just best if I let the big people talk about it themselves. My friends in the Education Policy Center released a new Issue Paper today, called Deferred Retirement Compensation for Career K-12 Employees: Understanding the Need for Reform (PDF). It was researched and written by Dr. Michael Mannino from the University of Colorado Denver. Rather than try to explain the paper myself, here’s the summary from the Independence Institute website: To improve understanding of public K-12 retirement compensation, this Issue Paper provides historical estimates using a substantial sample of retiree characteristics and salary histories. Deferred retirement compensation from a hybrid defined benefit plan is defined as the difference between an employee’s estimated retirement account balance and the greater pension value she expects to receive. When accounting for K-12 employee compensation, large amounts of deferred compensation should be included. For the 846 Denver Public Schools retirees in the sample, average lump sum deferred compensation is $627,570. Wow, it would take a lot of piggy banks to put that much money in. But I think […]

By lobbying for an overhaul of tax-and-spending measures in the state constitution, the education establishment groups that came together to form Believe in a Better Colorado are barking up the wrong tree. Or at least they have put the cart before the horse. Pick your favorite overused cliche. Until we fix the way schools are funded, it’s a futile effort. That’s why my friends in the Education Policy Center recommend a careful look at Facing the Future: Financing Productive Schools from the Center for Reinventing Public Education. Co-authors include Paul Hill and Marguerite Roza, two of the sharpest minds to study the current school system and what could work better. Here is a key excerpt from the report explaining the problem: Overall, we have a system in which so much is controlled by decisions made in the past, sometimes for reasons and on behalf of people who are no longer in the system, and at such a distance from schools, that educators have scant flexibility to adapt to the needs of here and now. Teachers and principals, the people whose work the whole system is supposed to support, get complexity and constraint rather than help. In the meantime, the costs […]

One of Colorado’s biggest online mysteries has been solved. The many readers of the Schools for Tomorrow education blog are sleeping better tonight. Okay, maybe that’s a bit of an exaggeration. What am I talking about? On Friday, 9News interviewed the Education Policy Center‘s Ben DeGrow about his perspective on the state record $454 million school bond proposal Denver voters face this year. In the process, his hardly-surprising online identity was revealed: An online blogger named “Uncle Charley” has written several entries for Education News Colorado trying to get readers to think about the need before they act. One blog is entitled, “More Tough Questions on DPS Bond,” which talks in part about the individual items that would be funded by this bond issue and series of property tax hikes have agreed to in Denver over the past two decades. “Uncle Charley” is actually the pseudonym for Ben DeGrow, with the Independence Institute, a non-partisan conservative political think tank. DeGrow says spending $13 million dollars on athletic fields and other monies for failing and half-filled schools is not wise. [link added] Ben said that (hardly unexpected) the quotes in the piece don’t do his argument justice. But that’s okay. He […]

Update: Pam let me know that a couple things quoted from her interview with 9News weren’t quite right. So I’ve marked them below. Yesterday, Education Policy Center Director Pam Benigno spoke out about a proposal to raise school property taxes in Jefferson County: “Well, I think this is definitely not a good time,” said Pam Benigno, director of the Education Policy Center within the Independence Institute. The Independence Institute is a Golden-based, non-partisan government watchdog group. Benigno says the homeowner should not have to shoulder the burden of JeffCo’s increasing costs. “I think that this is, this is too much,” said Benigno. “However, the system is the problem. They will always need more money.” Benigno claims that while attending a meeting on the 2004 bond election [it was actually many years before that], a district staffer told her JeffCo plans on a bond issue or mill levy increase once every four or five years. “As a citizen of Jefferson County, that really makes me uncomfortable to know that they’re planning on raising my taxes every five years,” said Benigno. “And, this time, this has been only four years.” Benigno says the district should take a hard look at the way […]