Is this rate of increase -- double inflation -- due to something special about education in Olentangy? Yes. The average employee has been reaping yearly salary increases of close to 6.5%, plus projected increases for health insurance of 12%; far, far above the private sector.2. The levy on the ballot will increase operating millage by almost 30%.
That's a huge increase, isn't it? But, as I have previously written, the money is not for the kids, it's for salaries and benefits. The district is facing a $2 million deficit -- which can be covered by reduced salary increases and controlled insurance costs -- yet the superintendent plans to cut $10.5 million. Why such large cuts? To supposedly punish parents should the levy fail. All about the kids? Huh. It's all about the ego of the superintendent. Oh, and your hard-earned tax dollars.3. The district does not need to cut $10.5 million.
Olentangy for Kids is supposed to be separate from the administration, yet they have appear to take marching orders from district officials. The district simply needs to balance its books for FY09. Since the treasurer just reported that revenue is up and expenditures are down, the district will likely show a positive cash balance for FY09 when it files its updated Five-Year Financial Forecast in May (read this previous post for more details). In addition, the district can also reduce expenditures by controlling costs as it negotiates with its unions. FY09 is safe: there is no need for this levy.