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IPS says it must cut $27 million from budget

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Indianapolis Public Schools said Thursday it will need to cut $27 million from its 2012-13 budget due to declines in state funding and local income restrained by property-tax caps.

The cuts represent about 5 percent of the school system's current budget. IPS Superintendent Eugene White said he will detail his spending-reduction plan on May 24 at the IPS central office building.

In a statement released Thursday afternoon, IPS officials said they would cut staff and find savings in contracts for supplies and services, such as bank fees, professional services charges and travel expenses.

IPS emphasized no cuts would be made in art, music and physical education programs.

"IPS has pledged to keep cuts as far away from the classroom as possible, and this budget proposal does that," White said in a prepared statement. He added, “We've cut administrators, secretarial staff and police officers to ensure our classrooms have the funds they need to provide a quality education to our students."

IPS said it has cut its general fund budget by $120 million over the past five years as its enrollment as steadily declined and the state government chopped per-student funding in 2010 and 2011.

The district is still the state’s largest, with nearly 32,000 students, but that's down more than 5,000 students from five years ago. Its budget this year totaled about $540 million.

 

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  • 540 million for 32,000 -- $16,875 a student

    Wow....how can this article be correct. At $16,875 a student a school year???? 540,000,000 dollars / 32,000 students = $16,854 a student a year!! I would like to see the cost per student for "normal" against the cost per student in "special needs". Are we spending too much for mandated "special needs" while underfunding students that would otherwise have a chance to become productive citizens? How much money is being (invested/squandered) for costly education given to illegal residents that our working-citizen-hating government requires taxpayers to fund?

    Before one can make any decision, we need more, much more information.

    Dupree
  • Why bother?
    Why bother coming to the public meeting? According to White's comments Tuesday night, it doesn't matter what the public thinks because it's already a done deal. They'll also be voting on the cuts the Tuesday before the public meeting.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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