Wednesday, May 12, 2010

Questions from Foley

Foley: other cost savings, other revenue?
extension of retirement schedule
possible early retirement schedule for non-teachers...have to look at closely, might not work for all (retire, rather than layoff)
administration grant fee up from city 1% to 3%
Medicaid reimbursement
new charter school in the city of Worcester: only community in the state to add one
more students we are educating for less money: "irony is not lost on any of us"
significant reductions of staffing on the elementary side
negative inflation: step increases, utilities going up
inflation rate is calculated on municipal spending: "a self-fulfilling prophecy"

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