Thursday, January 13, 2011

And here is the CFO

Things are bad. The worst since the Great Depression. Hardest challenges we've ever had to face. Significant decline in property values, thus stark revenue declines. Tax values won't improve for at least two or three years.

Talking about Robin Hood (recapture) and how it hurts AISD.

The State of Texas is suffering a similar shortfall and that will result in tremendous cuts to State programs. Perhaps 4 billion statewide for education.

State plus local cuts will bring us to our knees.

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