State taxpayers are now on the hook for the financially broke school system.
The Indiana House voted 77-19 Thursday to transfer financial and academic control of the Gary Community School Corp. from the elected trustees to a state-appointed emergency manager.
“Gary has the highest per-student dollars in the state of Indiana: $7,866,” Brown said. “So the continued financial problems are not a revenue issue … rather it’s an issue of failing to align facilities and staff costs to the observed 50-year trend.”
Under the plan, the emergency manager would be empowered to act unilaterally to reduce district expenses and alter its academic program with an overriding goal of achieving a balanced budget and paying off debt.
A chief financial officer and a chief academic officer selected by the emergency manager, along with the district’s superintendent, would help decide what cuts to make.
Read the rest here via NWI.com
Hoosier Econ 