Tuesday, December 16, 2008

It's official: the levy was not needed

Sure, the OFK bobbleheads will shake off this reality, but the truth is the truth.

The district's latest
Five-Year Financial Forecast shows that there was no need for a levy last May -- the district and its minions knew it all along. Furthermore, there was no need for a levy NEXT year either.

Keep that in mind as you survey the current financial landscape of the US, Ohio and your neighborhood.

And, don't forget, your bill for this unneeded levy hits early next year. That plus your escrow catch up -- a double bill in a time of financial uncertainly.

Or, should I say, the uncertainty applies only to those not employed by OLSD. Meider and Feasel are leading the board in this little sing-song:
We are so happy, happy, happy,
we are smilin' to a tear;
'cause we're getting an expensive superintendent,
wrapped under our tree this year.

As you tighten your belt this Christmas, the district will loosen its. We've fattened them with our money.

5 comments:

Anonymous said...

Am I missing something or does the report show a $20M cash balance for June 30, 2008?

What happened to the shortfall that Dr. Davis and the district purported as "need" for the levy?

Jim,
Is there any chance you could summarize' this report into 5 simple bullet points?

Thank you.

Anonymous said...

I really wanted a Red iPod Shuffle in my stocking this year, but, alas, the current economic crisis has impacted Santa's line of credit, and thus, cash flow and his ability to make payroll. The elves have now gone on strike and the Red iPod Shuffle production line is now idle.

Fed Chair Bernanke refused to give Santa a bailout package, his creditors are threatening lawsuits, his elves are on strike and now the EPA wants to tax Santa for the methane his reindeer emit. Poor Santa is in the unenviable position of having no cash, ceiling-high accountabilities and insurmountable liabilities.

Contrast this with our school district that is flush with cash, devoid of accountabilities and whose only liability is the greed and hubris of those who lead it.

Santa should have become a school district administrator.

I want my Red iPod Shuffle.

Jim Fedako said...

7:10 --

I will in a couple of days.

Anonymous said...

6:54

GREEN is the new Red....and your dreams will come true tomorrow!

Anonymous said...

What? The Prodigy From Green will put us in the Red? Hey--if he's as yellow in disciplining his teachers and principals like his drinking buddy Scott Davis was then we'll have hired a traffic light.