It was good to see the Trib’s Education reporter back covering yesterday’s Education Committee meeting. She’s back after having recently delivered a prospective new student for the Duluth Schools. The Trib’s story covers the critical issue of our Reserve funds which have shrunk to a week’s worth of cushion should we face financial calamity. That means we have one week’s worth of spending in the bank. If we have to cover an unexpected expense or even an expected expense we will have to borrow money and pay interest to our lender. Not good!
When I was first on the School Board we had a year’s worth, not a week’s worth, of spending in our reserve fund. Ask yourself, as we board members will be asking ourselves, how we can address the concerns of our East High School teachers with so few resources available to alleviate their problem.
