{"id":2872,"date":"2010-03-18T23:53:18","date_gmt":"2010-03-19T04:53:18","guid":{"rendered":"http:\/\/lincolndemocrat.com\/?p=2872"},"modified":"2011-09-15T10:08:46","modified_gmt":"2011-09-15T15:08:46","slug":"some-holes-in-the-buckets","status":"publish","type":"post","link":"https:\/\/lincolndemocrat.com\/?p=2872","title":{"rendered":"Some holes in the buckets"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/farm5.static.flickr.com\/4017\/4444227223_599edb9e83_m.jpg\" alt=\"\" \/><br \/>\nThe School District&#8217;s Finance Director Bill Hanson kindly explained to the School Board last December just how the Red Plan&#8217;s finances worked. He used a <a href=\"http:\/\/www.snowbizz.com\/LetDuluthVote\/bucket_finance.htm\">simple graphic<\/a>.<\/p>\n<p>Would that I could post it here. Sadly my new computer requires skills I have not yet fully mastered so that I can not post it here.<\/p>\n<p>Purporting to show &#8220;annual&#8221; fund transfers between operating funds and the debt Service Reserve Funds to pay off the Red Plan it manages to confuse me pretty thoroughly. <\/p>\n<p>The Red Plan will take twenty years to pay off.  The major contributor to paying off the bonds is the $122 million in operating savings. Operating savings is largely simple reductions of the staff, principally teachers. Divided by 20 years the School Board will be spending $6 million less on staff each year. Little of this annual &#8220;savings&#8221; to pay for our new schools reflects savings because of a diminished need for teachers. It is rather like not eating for a month and describing the reduction in food expenses as being part of a diet and concluding that the reduced costs for food are a form of savings. In a way this is true but then again its not.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The School District&#8217;s Finance Director Bill Hanson kindly explained to the School Board last December just how the Red Plan&#8217;s finances worked. He used&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80],"tags":[],"class_list":["post-2872","post","type-post","status-publish","format-standard","hentry","category-red-plan"],"_links":{"self":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/2872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2872"}],"version-history":[{"count":0,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/2872\/revisions"}],"wp:attachment":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}