Posts tagged "penny wise"
penny wise
July 21, 2010
Keeping a school budget lifted amid a funding roller coaster

M.S. 223's budget over time; the lightly shaded area is what he expects to bring in grants this year. (Source: NYC DOE historical Galaxy allocations)
In the last five years, city school budgets have been riding a roller coaster: A historic teacher salary hike was followed by a landmark lawsuit that injected billions in new funds, but then a worldwide financial crisis caused sweeping cuts.
So in the long view, are schools better or worse off than in 2005?
Ramon Gonzalez, principal of the South Bronx’s M.S. 223, has been able to keep his budget steadily higher than it was five years ago. But his modest boon is less than the courts promised in the Campaign for Fiscal Equity lawsuit, and it has as much to do with his own mix of prudent saving and aggressive fundraising as it does with increases in taxpayer support.
“The city budget is not made for you to do incredible things,” Gonzalez said. “You have to figure out how to do the incredible things. That for me is the bottom line.” (more…)


