Right now, the district is in danger of entering Basic Aid status. That would force the district to rely on local property taxes for funding. With basic aid status, the school will not get any money from the state, which has both pros and cons.
Financially, the district will be independent from the state. It leaves everything hanging on property taxes and the amount the district will make annually. In short, this would leave the district income like a seesaw, prone to changes as the income from local property taxes can vary from year to year. This also means, though, that the district is free to keep every cent that it makes from property taxes. They are not restricted by any laws or rules the state may attach to the money use, but it leaves them without any safely net.
This would also force the district to balance its spending and save money for future years to en- sure that they aren’t left flat-footed by unexpected losses in income. This would force them then to cut funding to the colleges within the district, which could mean fewer classes or full-time teachers. It could also mean an increase in part-time teachers, since they are paid less then full-time teachers.
Whatever the effect, in the end Basic Aid means the district will have to manage its money supply wisely and carefully to ensure that they aren’t wasting our taxes. Their service to us, in supplying us tax payers with the ability and the facilities to enable us with the option of bettering ourselves and our understanding the world around us.
So should the district not make enough money next year from property taxes, then they could be forced to cut classes or teachers or possibly both. In any case, if district enters Basic Aid they will be forced to manage their money sup- ply wisely or else we, the students, will suffer the error of the district’s own actions.