For the second time in as many years and with a combined ending fund balance of $368,636,089 with $120,000,000 million (according to the FBISD financial records) available for the "rainy day fund", the FBISD superintendent, according to one school board member, is preparing to declare it once again. This after 3 property rate tax increases and a bond debt that ranks our district in the top 10%. Not to mention the 4th consecutive budget deficit, predating the state financial crisis, in a row under the current superintendent...
From Jim Babb's Facebook page-
"BOT Agenda is set for March 7 vote to declare "Financial Exigency", laying the groundwork for a possible R.I.F. The Agenda is being placed on-line now for public view and should be completed by 3:00 p.m. this afternoon."
See this FBN piece on it:
2009 FBISD Tax Hearing (On YouTube)
CLICK HERE FOR THE 2009 FBISD CONTROVERSIAL TAX HEARING (YES THEY ARE RAISING THEM AGAIN--see petition of over 500 district taxpayers asking for board accountability) --In case anyone missed it they raised the property tax rate again (4th time) in 2010 and more than likely will do so again in 2011 facing another projected 15-20 million dollar budget deficit, according to some media reports. ***NEW*** ..Petition TO STOP THE GSTC (Global Science Museum being planned at the district central office--near $30 million dollar project that superintendent Jenney is pushing): http://www.ipetitions.com/petition/stopthegcst/ (see update below on this apparently ending this project after 2 years)