Mayor Rahm Emanuel said Monday that cash - strapped Chicago Public Schools is likely to borrow against a $ 45 million property tax increase he's proposed in
his budget for school construction.
Not exact matches
As a matter of fact Crowley mailed a piece of campaign literature all across Queens to curry favor with those deeply concerned about Education in her bid to become your Congresswoman from the 6thDistrict, however upon research and review and confirmation from her office spokesman, she's taking credit
for schools that were
budgeted and started
construction prior to her even being elected to the City Council.
The mid year financial report released by Cuomo's
budget office says options to close the gap include more cuts to state agencies, delaying payments to local governments and
schools, suspension of some
construction projects, and even borrowing money short term to pay
for operating expenses.
Borno State Governor, Kashim Shettima on Wednesday announced the highest allocation of N33 billion naira
for the reconstruction of
schools destroyed by Boko Haram insurgents and fresh
construction works across educational institutions as Borno State
budgets N183 billion naira
for the 2017 fiscal year.
As a result, the city
budget for the
construction of new
schools was reduced to $ 3.3 billion over 10 years.
The city's capital
construction budget already has $ 50 million earmarked
for electrical upgrades at
schools for the installations, but officials noted that may not be enough to cover costs.
They have no taxing power, no access to state capital
budgets, and, ordinarily, no bonding authority — they are shut off from the prevailing public sources of revenue
for school construction.
Schools districts that rely on bond insurance to help them save money on the borrowing they do
for construction projects and special programs could be affected by major ups and downs in that industry, at a time when many districts are already nervous about state
budget cuts and a sagging national economy.
For more than a year, a
construction boom fueled by the coming of the 1996 Summer Olympics has wrecked
school -
construction budgets.
These will help prevent further costly but avoidable problems cropping up during the
construction phase which eat away at
budgets allocated
for crucial
school amenities, such as hydrotherapy pools in SEND
schools.
However, many
school building experts we interviewed are concerned that while government is currently succeeding in delivering
schools to incredibly tight
budgets, its delivery scheme is also proving to be hugely restrictive in terms of the design and time frames allowed
for the
construction of new
schools.
Unlike regular public
schools, which have the authority to seek taxpayer - backed bonds
for renovating
school buildings and new
construction, charter
schools have no such mechanism in place to offset their facilities costs, which often come out of their operating
budgets.
It is an age of unprecedented spending
for school construction; it is an age of record
budget deficits and cutbacks.
Cost overruns on
school construction projects can cause headaches
for administrators, especially when the
school already is laboring under severe
budget constraints.
Brown, in his state
budget message, also has complained that the process
for getting
school construction projects approved is too complex, that the first - come, first - served basis
for getting matching state money favors large districts with sizable facilities staffs, and that standard building requirements may not encourage non-traditional ways to educate students using less space and fewer facilities.
But instead of dealing with these huge problems that affect the lives of hundreds of thousands of children, the 2015 capital
budget only provided $ 440 per student
for school construction and repair.
But instead, the 2015 legislature completely ignored this problem providing only $ 200 per student
for school construction in the 2015 capital
budget.
DC public
schools receive funding from several sources: the District's local operating
budget, special supplementary operating funds from the DC City Council, capital funding
for building improvements and
construction, and the federal government.
The bulk of the aid increase proposed
for next year would be split in three ways: $ 408 million to reimburse
schools for costs such as transportation,
construction and BOCES services; $ 266 million
for Foundation Aid, the main source of funding
for general
school operations; and $ 189 million to partially restore the Gap Elimination Adjustment (GEA), a practice of diverting promised funding from
schools that began six years ago to help the state deal with a
budget shortfall at that time.
Because Brown was also cautious in his allocation
for school facilities in the existing
budget, some
school officials have expressed disappointment that, given the state's robust fiscal condition, the governor hasn't increased
construction funding.
With the creation of the program, Oregon now joins some 20 other states that contribute to local facilities
budgets with cash from statewide voter - approved bonds to help
schools pay
for construction, repair and upkeep of their structures.
Smart
Schools Bond Act and Public Charter
Schools The Governor's
budget proposal rightfully acknowledges the challenge of providing space
for children who will attend new Universal Prekindergarten programs across the state by including preschool facilities
construction or renovation in his signature bonding initiative.