[1. Pledge of Allegiance]
[00:00:19]
THE REPUBLIC FOR WHICH IT STANDS, ONE NATION, UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL.
>> WELCOME TO -- NEXT ON THE AGENDA IS PUBLIC COMMENT. NO
[3. Board of Finance]
ONE HAS SIGNED UP. WE WILL MOVE ON TO THE BOARD OF FINANCE MEETING . I WILL CALL THAT MEETING TO ORDER. TIM? OKAY. DO YOU WANT TO SAY ANYTHING? OKAY. THE BOARD TRADITIONALLY APPROVED THE SAME SLATE OF OFFICERS FOR THE BOARD OF FINANCE AS ITS REGULAR BOARD OFFICERS. DO I HAVE A MOTION TODO THE SAME? >> MOTION TO APPROVE BOARD OF FINANCE OFFICERS AS PRESENTED.
>> SECOND. >> OR QUESTIONS? I WILL NOW CALL THE QUESTION. ALL THOSE IN FAVOR OF THE PROPOSED
SLATE OF OFFICERS SAY AYE. >> AYE.
>> PASSES 6-0. WE WILL NOW MOVE ON TO REPORT ON INVESTMENTS AND
FISCAL INDICATORS. >> THANK YOU SO MUCH. THANK YOU MEMBERS OF THE BOARD. UNDER THE REQUIREMENTS OF THE BOARD OF FINANCE , UNDER STATUTE WE ARE REQUIRED TO DO A COUPLE OF THINGS, WHAT IS TO REVIEW OUR INVESTMENTS AND INVESTMENT POLICY. ANOTHER IS TO REVIEW THE FISCAL INDICATORS. THE FINAL THING WE HAVE TONIGHT IS AN INVESTMENT RESOLUTION FOR AN OPPORTUNITY TO INVEST OUR FUNDS. WE'RE GOING TO GO THROUGH EACH OF THOSE HERE PRETTY QUICKLY. THANK YOU SO MUCH. WE WILL DIVE RIGHT INTO THE ACTUAL INFORMATION HERE.
FIRST AND FOREMOST, JUST DIVING INTO THE PHYSICALS. THIS IS THE CASH BALANCE OF THE DISTRICT IN 2024. A CONTINUATION GRAPH. TO TAKE YOU THROUGH HOW ALL THIS WORKS, WE GET OUR STATE TUITION DOLLARS AROUND THE 15TH OF EVERY MONTH. A LITTLE BIT OF A SPIKE. THEN WE GET THE PROPERTY TAX DOLLARS OR PROPERTY TAX DRAWS IN MAY AND JUNE. SO YOU SEE A SPIKE GO UP. WE ALSO GET DRAWS IN NOVEMBER AND DECEMBER. YOU SEE THE ADDITIONAL SPIKE.
AT THE END OF DECEMBER YOU CAN SEE IT COME CRASHING DOWN, IF YOU WILL, AS WE PAYOUT THE DEBTS FOR THE YEAR. THESE ARE THE EBBS AND FLOWS OF THE CASH BALANCE OF ALL THE FUNDS IN THE SCHOOL DISTRICT. AGAIN, MONEY COMING IN THROUGH TUITION SUPPORT, MONEY BEING SPENT , TAX DRAWS COMING IN MAY AND JUNE, AND MONEY SPENT AND DROPPING OFF, AND ULTIMATELY, THE TAX DRAWS IN DECEMBER BEFORE WE PAY OUR DEBT AGAIN.
THIS IS A GOOD REPORT HERE. AS INTEREST RATES CONTINUE TO BE A POSITIVE THING FOR SCHOOL DISTRICTS, DURING THE 2024 CALENDAR YEAR, THE DISTRICT EARNED NEARLY $5 MILLION IN INTEREST. UNDER THE INTEREST POLICY, ALL DOLLARS OUTSIDE OF GEOBONDS DO GOING TO OUR EDUCATION FUND. I TALKED ABOUT THIS DURING BUDGETING. THAT IS DONE IN DIFFERENT WAYS WITH DIFFERENT SCHOOL DISTRICTS. SOME PUT THE MONEY IN THE OPERATIONS FUND. OUR POLICY IS THAT IT ALL GOES INTO THE EDUCATION FUND. AT A 5% INTEREST RATE, STILL AT THAT MOMENT NOW, THAT IS A VERY POSITIVE PLACE TO BE. THE TOTAL BANK CHARGES, FOR REFERENCE, JUST UNDER $50,000 . IF YOU THINK ABOUT ALL THE TRANSACTIONS WE DO IN A GIVEN YEAR, THAT IS PRETTY STANDARD. THE NET BETWEEN THOSE IS A SIGNIFICANT POSITIVE FOR THE SCHOOL DISTRICT. COME TO LIGHT, THIS GRAPH DOES A NICE JOB OF SHOWING THAT. HERE IS THE LAST 10 YEARS OF THAT INTEREST FOR THE SCHOOL DISTRICT. OBVIOUSLY, WITH THE INTEREST RATES OVER THE LAST COUPLE OF YEARS, ALTHOUGH PEOPLE IN SOME AREAS LIKE A MORTGAGE, GREAT IN AREAS FOR EARNING INTEREST ON YOUR BANK ACCOUNT. WHAT IS IMPORTANT HERE IS THAT THAT IS A SOURCE OF REVENUE THAT IS REALLY IMPORTANT TO US AT $5 MILLION. AS INTEREST RATES HAVE CONTINUED TO DROP AT THE FED LEVEL, WE CERTAINLY ANTICIPATE AND BUDGET FOR THIS NUMBER NOT TO BE SO HIGH IN THE FUTURE.
BUT FOR NOW, WE WILL TAKE EVERY DIME WE CAN GET. ALL OF THE INTEREST IS THROUGH OUR BANK, CREDIT UNION, TEACHERS CREDIT UNION , NOW EVER WISE. WE KEEP ALL THE MONEY LIQUID FOR THE SCHOOL DISTRICT. FR PERCENT, THAT IS AS GOOD A RATE YOU WILL GET. I MET WITH OFFENDER TODAY FROM A DIFFERENT BANKING INSTITUTION INTRODUCING THEMSELVES, AND I ASKED WHAT RATE THEY COULD GET US, AND IT WAS LOWER THAN 5%. WE WILL HOLD ONTO THIS AS LONG AS WE CAN. HERE'S A LIST OF BANKING INSTITUTIONS IN OUR GEOGRAPHICAL BOUNDARIES FOR THE SCHOOL DISTRICT. ONE OF THE PIECES WE CHECK OFF THAT WE
[00:05:02]
HAVE TO LIST WHAT OPTIONS ARE AVAILABLE. AGAIN, WE ARE PARTNERING WITH EVER WISE AT THIS TIME AND HAPPY WITH THAT RELATIONSHIP. THESE ARE THE ACTUAL FISCAL INDICATORS THAT WE ARE REQUIRED TO REPORT. YOU'RE ALSO REQUIRED TO RECEIVE A WRITTEN REPORT. YOU HAVE THAT, HOPEFULLY, AVAILABLE FOR YOU. ONE OF THE THINGS TO BE PERFECTLY TRANSPARENT THAT IS FLAWED WITH THIS PROCESS IS THAT ALL THESE FISCAL INDICATORS ONLY GO THROUGH CALENDAR YEAR 2023. OBVIOUSLY, WE ARE IN THE PROCESS OF FINISHING THE BOOKS AND CLOSING THE BOOKS FOR 2024. A LOT OF THE DATA IS A YEAR OLD. SOME OF THE THINGS I WILL TRY TO REFERENCE AND PROVIDE A LITTLE BIT MORE OF AN UPDATE OF WHERE THEY STAND TODAY. SCHOOLEY TWO IS A LITTLE DIFFERENT. HE GOES THROUGH THE MIDDLE OF 2024, BUT THROUGH THE MOST PART, THE DATA IN FRONT OF YOU ONLY GOES THROUGH 2023. STARTING WITH TRAN42. I KNOW WE HAVE DR.MCKIBBEN TONIGHT TO TALK ABOUT A LITTLE WHERE OUR DISTRICT IS GOING. YOU SEE THE 23-24 FALL SCHOOLEY TWO NUMBER. THAT IS WHAT WE ARE FUNDED AT. WE HAVE A FEW DUAL EMPLOYMENT STUDENTS, BUT TO GIVE THIS A LITTLE GRAVITY, TO MOVE FORWARD FOR 24-25, THAT NUMBER WENT DOWN BY ABOUT 217 STATUS. IN TODAY'S FUNDING LEVEL, THAT IS MILLION DOLLARS IN THE DROP IN ENROLLMENT TO WHAT THE OCTOBER ENROLLMENT IS IN 24-25. THAT NUMBER OF STUDENTS, THE AROMA IS KEY FOR THE MONEY COMING INTO OUR EDUCATION FUND. THE NEXT LIGHT IN FRONT OF YOU IS A BREAKDOWN OF THE ENROLLMENT FOR THE LAST EIGHT OR NINE YEARS.
YOU DO SEE A PEAK IN THE 1920 SCHOOL YEAR. THE BLUE BAR IS FALL, USED TO BE SEPTEMBER, NOW IT IS OCTOBER. THE GREEN BAR IS THE FEBRUARY COUNT. YOU SEE THE CRESCENDO AT 2019-2020 WHERE WE WERE FUNDED AT 21,873 STUDENTS. IF I FAST-FORWARD TO WHERE THE FALL COUNT, WHICH DOESN'T SHOW UP ON THIS, AGAIN, IT ENDED 2324, BUT THAT CHANGE IN STUDENTS OF THE LITTLE OVER 1100 FROM THE TOP OF 2022 IN FEBRUARY TO THE OCTOBER COUNT IN 2024. THE NEXT SLIDE, A PART OF THE DUAB FISCAL INDICATORS ARE THE ENDING FUND BALANCES AND SOME OF THE KEY FUNDS. THE DECEMBER 31 CASH BALANCE . YOU SEE FOUR -- EXCUSE ME, FIVE DIFFERENT BARS. I WILL CALL ATTENTION TO THE GREEN BAR, WHICH TRANSITIONS INTO THE ORANGE BAR. THE GENERAL FUND USED TO BE THE FUND, THEN IT TRANSITIONED INTO THE EDUCATION FUND IN 2019. YOU FOLLOW THAT ALONG. THIS GRAPH IS CERTAINLY VERY ACCURATE, BUT A LITTLE MISLEADING IN THE SENSE THAT YOU SEE A VERY HIGH EDUCATION BAR IN 2023. WE TALKED ABOUT THIS FOR THE BUDGETING PROCESS. AT THE END OF 2023, THE BUDGET WAS NOT CLOSED. THE BOOKS WEREN'T CLOSE. IT TOOK THE FINANCIAL TEAM, PRIOR TO ME, WORKING EXTREMELY HARD IN JANUARY, FEBRUARY AND MARCH 2024 MOVING EXPENSES OUT OF THE EDUCATION FUND . A COUPLE OF MEETINGS AGO I CAME TO YOU AND ASKED FOR ADDITIONAL APPROPRIATIONS, ADDITIONAL PERMISSION TO SPEND DOLLARS IN THE EDUCATION FUND.
UNFORTUNATELY, IN FEBRUARY 2024, THAT TIME WAS TOO LATE.
SO THERE WAS NINE.$6 MILLION OF EXPENSES IN THE EDUCATION FUND THAT GOT MOVED TO THE VARIOUS FUNDS JUST TO CLOSE THE BOOKS.
IF THE MONEY HAD BEEN SPENT IN THE PROPER FUND IT SHOULD HAVE BEEN, THAT BAR WOULD BE 9.$6 MILLION SHORT OF. THOSE EXPENSES STILL LIVE IN EDUCATION TODAY AND IN 2024, AND WILL STILL LIVE IN 2025. I DON'T WANT TO GET TOO EXCITED ABOUT THE FACT THAT THAT BAR IS SIGNIFICANTLY HIGHER THAN THE REST. THE TEAL THAT YOU SEE THERE, THAT IS THE RAINY DAY FUND. YOU CAN SEE THAT THAT IS PRETTY STABLE. RIGHT NOW, IT SERVES AS A LITTLE INTERNAL LOAN TO OURSELVES. NOT GRIT -- NOT GREAT THEY ARE THE SAME COLOR, BUT THIS IS WHAT IS ON THE SITE. THE LITTLE BAR WAS THE OPERATIONS FUND BALANCE AT THE END OF 2023. THAT WAS A BIG REASON WHY WE DID THE TAXABLE BOND IN 2024 TWO SEND A LITTLE INFLUX IN CASH TO THE OPERATIONS FUND. YOU CAN SEE THAT IS PROBABLY THE LOWEST THAT HAS BEEN IN ALMOST 9 YEARS PRIOR TO THE BOND WE SOLD AT THE END OF 2024. THE OTHER YELLOW BAR IS THE REFERENDUM FUND. THAT PAYS OVER 90% THE EXPENSES THAT COME OUT OF THAT OVER 90% TEACHER SALARY, WAGES AND BENEFITS. A GOOD LITTLE PICTURE OF WHERE THINGS LAND MINUS A LITTLE BIT OF MISLEADING DATA IN THE ORANGE. SAME GRAPH, JUST THAT SERVICES THAT. THIS IS THE CASH BALANCE AND DEBT SERVICE. WE TALKED ABOUT BEFORE THAT OUR TAX DRAWS FOR DEBT SERVICE COME IN MAY AND JUNE. WE HAVE TO HAVE A CASH BALANCE TO BE ABLE TO SUPPORT THAT. THIS JUST TAKES CARE OF OUR DEBT ON AN ANNUAL
[00:10:03]
BASIS. HAVING THAT CASH BALANCE, PLUS THE NEW LEVIES WE GET EACH YEAR. NEXT ONE IS KIND OF INTERESTING. WHAT THIS DOES IS COMPARES THE ALL FUNDS THAT YOU SEE THERE, THE REVENUE TO EXPENDITURES IN A GIVEN YEAR. YOU WANT TO SEE THE GREEN BAR BE A LITTLE HIGHER THAN THE BLUE BAR, BECAUSE THAT MEANS YOU SPENT MONEY WITHIN YOUR MEANS. THE GRAY LINE GOING ACROSS IS WHERE THE CASH BALANCE ENDED ON ALL THOSE FUNDS ON DECEMBER 31. THE LITTLE ORANGE OR YELLOW BAR IS, DID YOU HAVE A SURPLUS OR DEFICIT? YOU SEE BACK IN 2018 WE SPENT MORE THAN WE TOOK IN AT TIMES, THAT HAPPENS. THERE IS OBVIOUSLY A VARIETY OF REASONS FOR THAT. BUT REMEMBER, IN THE MOVEMENT OF THE MONEY -- LET ME BE CLEAR, THE MOVEMENT OF THE EXPENSES, NO MOVEMENT OF MONEY, THE MOVEMENT OF EXPENSES AT THE END OF 2023 AND BEGINNING OF 2024, WE MOVED COST TO GEOBONDS, WHICH DON'T SHOW UP IN THIS. WE SPENT WITHIN OUR MEANS, WHICH IS GOOD, BUT PRETTY CLOSE TO A WASH 2023. THIS IS ANOTHER INTERESTING SLIDE. IF YOU ARE THE CFO, IF NOT, MAYBE NOT SO MUCH. I DO LIKE IT. THAT SHOWS THE PERCENT OF EXPENSES IN 2023 THAT COULD HAVE BEEN PAID IF NO REVENUE SOURCES CAME IN, OR IF THE REVENUE SERVICE -- SOURCES WERE DELAYED. AND WE HAD NO REVENUE DOLLARS COMING IN 2023, WE COULD HAVE PAID 22% OF OUR EXPENSES. KIND OF THE BALANCE OF THE SAVINGS ACCOUNT IN PERSONAL FINANCE. HOW MUCH OF MY EXPENSES CAN I PAY IF I STOP HAVING INCOME ? THAT IS A PRETTY COMFORTABLE NUMBER. I WOULD NOT CALL IT EXORBITANT BY ANY STRETCH OF THE IMAGINATION, BUT WE CERTAINLY WANT TO SEE THAT IN THE 20% TO 25% RANGE, WHICH IS REALLY RIGHT WHERE IT WAS. THE NEXT SLIDE IS THE REVENUE TYPES. THE DIFFERENT SOURCES OF FUNDS THAT WE SEE COME IN. OBVIOUSLY, THE BIGGEST CHUNK IS STATE REVENUE. THAT IS THE TUITION SUPPORT. LOCAL TAX REVENUE, OPERATIONS. YOU SEE THAT AT THE BOTTOM. THAT IS THE NEXT ITEM. EVERYTHING ELSE KIND OF, FOR THE MOST PART, FOLLOWS ALONG AND INCREASES. ONE THING I WILL POINT OUT IS, AT THE VERY, VERY TOP, AND IT IS HARD TO SEE, THE STIMULUS MONEY, THE COVID DOLLARS, VERY TIGHT SLIVER. WOULD ALSO HAPPENS THERE IS THE MUSTARD YELLOW COLORED STRENGTHS A LITTLE BIT.IS ALL THESE FUNDS INCREASE IN TERMS OF THE AMOUNT OF REVENUE, WE HAVE ACTUALLY SEEN A DECREASE IN FEDERAL FUNDS THAT ARE NON-STIMULUS RELATED. I THINK THAT IS PRETTY CONSISTENT, BUT WORTHY OF NOTE. WE HAVE SEEN LESS FEDERAL DOLLARS COME IN. I DO WANT TO POINT OUT INBOARD DOCKS IS A WRITTEN REPORT WITH A LINK TO THESE. THESE ARE ON THE DUAB WEBSITE. THEY ARE ALL INTERACTIVE WHERE YOU CAN CLICK ON A VERY YEAR, AND IT WILL GIVE YOU THE DOLLARS THAT CAME IN WITH THAT PARTICULAR YEAR. THAT IS TRUE FOR ALL THE SLIDES HERE. ALL PUBLIC INFORMATION AS A PART OF THE DUAB WEBSITE. THE LAST ONE HERE IS THE OPERATING REFERENDUM. WHAT THIS SHOWS IS THE AMOUNT OF FUNDS THAT CAME IN AS A PART OF THAT OPERATING REFERENDUM. WHAT I WOULD LIKE TO POINT OUT, AS MUCH AS ANYTHING, IS THE YELLOW LINE GRAPH THAT SHOWS THE PERCENT OF OUR TOTAL REVENUE THAT CAME FROM THE OPERATING REFERENDUM.
WE'RE UP TO ABOUT -- JUST SHY OF 8%. SO 8% OF ALL OF OUR REVENUES COME FROM THE OPERATING REFERENDUM. HOW CRITICALLY IMPORTANT THAT IS, I THINK, IS ILLUSTRATED HERE. IF WE LOST A PERCENT OF OUR BUDGET, IT WOULD BE CATASTROPHIC. I KNOW THERE HAVE BEEN EFFORTS WITH THE REFERENDUM TO DROP THAT RATE FOR VERY GOOD REASONS, BUT KEEPING THAT REFERENDUM IS CRITICAL. I TALKED ABOUT THAT DURING THE BUDGET PROCESS. I THINK THIS GRAPH ILLUSTRATES THAT AS MUCH AS ANYTHING. I THINK THAT IS THE END. ANY
QUESTIONS ABOUT THE REPORT? >> I PERSONALLY WANT TO THANK YOU. I KNOW WE WENT THROUGH A LOT. YOU GUYS WENT THROUGH A LOT TO ORGANIZE AND CLOSE THIS OUT AND GET US AS ORGANIZED AND DETAILED AS THESE CHARTS SHOW. THANK YOU SO MUCH.
>> I REALLY APPRECIATE YOU SAYING THAT. ALL THE CREDIT GOES TO THE TEAM BEFORE ME. THEY DID ALL THE WORK. THEY WERE OUTSTANDING IN THIS PROCESS.
>> ANYONE ELSE? OKAY. >> THE THIRD THING OF THE THREE, WE TALKED ABOUT THE INTEREST AND INVESTMENTS. WE TALKED ABOUT THE PHYSICAL INDICATORS. THE FINAL ITEM IS A RESOLUTION THAT WOULD ALLOW -- ACTUALLY, THAT DOCUMENTARY PUT ALL OF OUR INTEREST EARNED INTO THE EDUCATION FUND. THE OTHER ITEM IS -- ACTUALLY ONE MORE DOWN, THAT IS A RESOLUTION THAT WOULD ALLOW US TO INVEST THE FUNDS INTO CDS. THIS IS STANDARD PRACTICE FOR SCHOOL DISTRICTS . AT THIS POINT, AT 5%, I DON'T ANTICIPATE RECOMMENDING AN INVESTMENT INTO
[00:15:01]
CDS, BUT THINGS CHANGE OVER TIME. SOMETIMES LONG-TERM CDS ARE A BETTER OPTION. RIGHT NOW, THEY ARE NOT. I THINK WE'RE STILL IN THAT WINDOW, PROBABLY OUT OF IT WHERE WE WERE IN A REVERSE CURVE, STILL NOT PAYING OUT OF THE 5%. BEFORE YOU IS THE PERMISSION TO INVEST IN THESE IF THE OPPORTUNITY ARISESAND MAKE SENSE. >> QUICK QUESTION. DO YOU KNOW IF THE DISTRICT HAS EVER INVESTED IN CDS IN THE PAST TO
YOUR KNOWLEDGE? >> GOOD QUESTION. NOT IN THE RECENT HISTORY TO MY KNOWLEDGE. ANOTHER OPTION OUT THERE THAT KINDA GOES ALONG WITH THIS IS TRUST INDIANA. MY PREVIOUS DISTRICT, WE DID A LOT OF WORK IN THAT SPACE, BECAUSE IT WAS PAYING AT A HIGHER RATE. BUT IN THE RECENT PAST, I KNOW THAT WE HAVE NOT DONE THAT. I CAN'T SPEAK TOO FAR BEYOND THAT.
>> WHEN YOU SAY AT A HIGHER RATE, WHAT IS THE RATE
DIFFERENCE? >> TRUST INDIANA, I LOOKED AT IT THE OTHER DAY, IT WAS 4.6 OR 4.7. AGAIN, I SPOKE WITH OFFENDER TODAY, AND THEY WERE TALKING 4.6, MAYBE AS HIGH AS 4.75. THIS IS GETTING IN THE WEEDS A LITTLE BIT, BUT WE HAVE AN OPPORTUNITY TO RESTRUCTURE OUR INTEREST AGREEMENT WITH OUR FINANCIAL INSTITUTION. WE CHOSE NOT TO DO THAT, KNOWING THE INTEREST RATE WOULD DROP. WE WERE IN A LITTLE BETTER POSITION WHEN WE DID THAT. I CERTAINLY HAVE NOT SOLICITED OUT MULTIPLE BANKS, BUT SOME OF THE OPTIONS OUT THERE ARE LESS
THAN WHAT WE ARE MAKING NOW. >> THAT IS ALL I HAVE.
>> DO I HAVE A MOTION TO APPROVE THE RESOLUTION AS
PRESENTED? >> MOTION TO APPROVE RESOLUTION
[6. Consent Agenda]
>> I WILL NOW CALL THE QUESTION. ALL THOSE IN FAVOR OF APPROVING THE RESOLUTION AS PRESENTED SAY AYE.
>> AYE. >> THANK YOU. PASSES 6-0.
>> THANKS SO MUCH. >> WE WILL NOW CLOSE THE BOARD OF FINANCE MEETING AND ENTER INTO THE REGULAR AGENDA. NUMBER SIX IS THE CONSENT AGENDA. ALL OF YOU HAVE THE OPPORTUNITY TO REVIEW. DO I HAVE A MOTION TO APPROVE THE ENTIRE CONSENT
AGENDA AS PRESENTED? >> MOTION TO APPROVE CONSENT
AGENDA AS PRESENTED. >> SECOND.
>> ALL THOSE IN FAVOR OF APPROVING THE CONSENT AGENDA
[7. Action Items]
>> PASSES 6-0. MOVING ONTO ACTION ITEMS. PRELIMINARY DETERMINATION HEARING 2025 GEOBONDS HIJH PROJECT.
>> WE TALKED ABOUT THIS AT THE LAST MEETING. JUST A REFRESHER.
WE ARE PUTTING THE 1028 TOGETHER WITH TWO DIFFERENT ANTICIPATION SALES. THE FIRST IS GEOBONDS FOR THE 2025 YEAR AT A PRICE OF 40 MID-$2 MILLION -- $42. THIS TAKES CARE OF SMALL PROJECTS AND SCHOOL BUILDINGS, BUT ALSO, SOME ARE JUST OPERATIONAL COSTS FOR THE DAY-TO-DAY OPERATIONS OF THE SCHOOL DISTRICT. THE OTHER IS THE ADDITION OF A HIJH. THAT WILL ADD 10 CLASSROOMS, AS WELL AS AN EXPANDED CAFETERIA SPACE AND ADDITIONAL RESTROOMS SPACE. AGAIN, MATT IS HERE TO GO OVER THE FINANCES BEHIND THAT. WHEN HE IS FINISHED, THERE WILL BE TWO RESOLUTIONS BEFORE YOU TO APPROVE THE 1028 TO BE ABLE TO POTENTIALLY MOVE FORWARD WITH THE SALE OF THE BONDS. THIS IS ONE OF MANY STEPS WE TAKE AND WOULD START THE 30 DAY CLOCK TO
GET STARTED IN THE PROCESS. >> GOOD EVENING. THANK YOU FOR HAVING ME AGAIN. I KNOW WE WENT THROUGH THIS PRESENTATION TWO WEEKS AGO. WE HAVE BEEN THROUGH SIMILAR PRESENTATIONS IN THE PAST. WHERE IS IT? TERRIBLE. BEAUTIFUL. I WILL MAKE THIS QUICK. BUT AGAIN, HAPPY TO ANSWER ANY QUESTIONS THAT THE BOARD OF PUBLIC MAY HAVE. AS WE ALWAYS START, WE LOOK AT WHERE THE SCHOOL CORPORATION'S CURRENT DEBT IS. THE MAJORITY OF YOUR DEBT IS PAID OFF OVER THE NEXT COUPLE OF YEARS. WE HAVE CATEGORIZED THIS BY BOND ISSUE AND COLOR-CODED. THE ONE NOTE WE ALWAYS MENTION IS, WHILE IT SHOWS WHERE YOU STAND TODAY, WE HAVE INCLUDED THE FALL CREEK ISSUE. THAT WILL BE ISSUED UNTIL LATER THIS YEAR, BUT SINCE IT IS APPROVED, WE DO INCLUDED IN THE GRAPH. AS WE ALWAYS TALK ABOUT, TREMENDOUS FLEXIBILITY MOVING FORWARD TO CONTINUE TO TACKLE THE PROJECTS THAT YOU GUYS HAD IN THE PAST IN A MATTER THAT YOU HAVE IN PAYING IT BACK OVER A QUICK PERIOD OF TIME TO SAVE ON INTEREST COSTS. AS WE TRANSITION, WE LOOK AT HEALTHY 25 GEOBONDS AND HEDGE PROJECTS CAN COME ONTO YOUR TAX RATE.
THIS PAGE SHOWS THE TAX RATE PROJECTIONS MOVING FORWARD. YOU CURRENTLY STAND WITH THE ORANGE PORTION, AND THAT SHOWS THE REPAYMENT OF THE 2025 GEOBONDS. AGAIN, THIS IS BELINDA MURRAY -- PRELIMINARY. WE EXPECTED TO BE PAID BACK OVER THE COURSE OF TWO YEARS. VERY SHORT-TERM. DOLLAR 14 TAX RATE IN 2024,
[00:20:04]
AGAIN IN 2025. YOU CAN SEE IN 2026 WE LEFT A LITTLE BIT OF ROOM FOR THE HIJH PROJECT. AS WE ADD THE ORANGE AND BLUE PORTION, YOU CAN SEE WILL WOULD KEEP THE TAX RATE NEUTRAL , AS WE DID FROM 2024, 25 AND 2026. PAYING THE REMAINING BONDS BACK, WE CURRENTLY ARE SHOWING 15 YEARS. WE WILL HAVE AUTHORITY AFTER 20 YEARS. WE WILL HAVE THOSE CONVERSATIONS AS WE GET CLOSER TO SEE WHAT THE BOARD ADMINISTRATION WANTS TO DO AT THAT TIME. YOU CAN SEE, AGAIN, STILL RETAINING THE FLEX ABILITY MOVING FORWARD. THIS DOES NOT PUT YOU IN A BAD SPOT WHATSOEVER. CONTINUING THE COURSE YOU GUYS HAVE SENT OVER THE LAST SEVERAL YEARS TO GET THESE BONDS PAY BACK WITHOUT INCREASING THAT TAX RATE. FOR ALL OF THE LEGAL PARAMETERS, THIS IS WHAT YOU WILL SEE IN YOUR RESOLUTION TONIGHT. AGAIN, A LOT OF NUMBERS I WILL WALK THROUGH QUICKLY. THE MAXIMUM PER AMOUNT OF THE BONDS, THIS PAGE IS FOR THE GEOBONDS , LISTED AT 42 MILLION. THIS IS A NOT TO EXCEED ANY NUMBER UP TO 42 MILLION CANNOT GO OVER 42 MILLION. MAXIMUM TERM, NO LONGER THAN FIVE YEARS. CERTAINLY AFFECT THE PAYBACK OVER A SHORTER PERIOD OF TIME. YOU WILL HAVE THE ABILITY TO PAY IT BACK OVER FIVE YEARS. WE ARE ESTIMATING THE AVERAGE INTEREST RATE AT 7%. THAT IS HIGHER THAN WHERE WE ARE RIGHT NOW, BUT WE HAVE SEEN INTEREST RATES GO UP THE LAST THREE MONTHS AS THE FED HAS BROUGHT RATES DOWN , AND WE HAVE ACTUALLY SEEN INTEREST RATES GO UP, WHICH IS NOT WHAT YOU WOULD EXPECT. WE WILL SEE HOW THINGS PLAY OUT. OBVIOUSLY, THERE ARE A LOT OF THINGS GOING ON RIGHT NOW. YOU ISSUE THESE BONDS TODAY, SOMEWHERE BETWEEN FOUR 4 1/4, NOWHERE NEAR SEVEN. WE NEED TO STAY CONSERVATIVE. TOTAL INTEREST COST IS BASED ON THE 42 MILLION AT 7% . IT IS $10,351,075. THE MAXIMUM ANNUAL PRETZEL -- PRINCIPAL PLUS INTEREST, $45,837,575. THE MAXIMUM AGGREGATE PRINCIPAL PLUS INTEREST, THE MOST YOU CAN PAY OVER THE LIFE OF THE BONDS, $52,351,075. THE PAID 2024 COMBINED DEBT SERVICE LEVY WAS $63,363,498. THAT CAME TO A TAX RATE OF 0.5833 PER $100. WE ARE ESTIMATING, AGAIN, ESTIMATES FOR PAY 2026 AFTER THE BONDS ARE ISSUED, A DEBT SERVICE FUND B OF $77,920,783. THAT WILL COME OUT TO A COMBINED DEBT SERVICE TAX RATE OF ZERO.6138. THAT IS THREE CENTS HIGHER THAN WHERE YOU GUYS WERE IN PAY 2024, BUT THAT IS ONLY DEBT SERVICE. WE HAVE ASSUMED SOME ASSESSED VALUE GROWTH IN HERE.WE WOULD EXPECT SOME OF YOUR OTHER FUNDS TO COME DOWN AS THIS COMES UP. WE'RE GOING TO HIT THE DOLLAR 14 IF THAT IS WHAT THE BOARD ADMINISTRATION WANTS. WE ARE JUST ESTIMATING THIS NOW. I DON'T WANT YOU TO GET STUCK IN THOSE NUMBERS, BECAUSE WE WILL ADJUST THOSE AS WE NEED TO WE HAVE MORE DATA.
WE JUST DON'T HAVE THE DATA RIGHT NOW. ESTIMATED NET INCREASE IN THE TAX RATE. WE TALKED ABOUT THIS. WITH THE TAXPAYERS WILL SEE FOR THE SCHOOL CORPORATION'S TAX RATE.
IT IS NOT GOING TO INCREASE. THE PERCENT OF THE MAXIMUM ANNUAL DEBT SERVICE AS A PERCENT OF AND AV, 0.737 -- 0.7037%. OUTSTANDING AND OVERLAID LAPPING DEBT IS 5.43%.
FOR THE HIJH, MAX PARAMOUNT 15 MILLION, CAN PAY IT BACK OVER 20 YEARS. AGAIN, ESTIMATED 7% INTEREST, AND THAT WOULD BE $13,028,925 FOR TOTAL INTEREST COST. MAXIMUM ANNUAL PRINCIPAL 7 MILLION. MAXIMUM AGGREGATE PRINCIPAL IS 28,000 -- $28,028,925. WE WORKED THROUGH THE COMBINED DEBT SERVICE LEVY AND RATE AS WELL AS THE DEBT SERVICE. THIS WON'T INCREASE.
WE WALKED THROUGH THOSE NUMBERS BEFORE. I DID THAT AS QUICK AS POSSIBLE. ANYTHING I MISSED OR SOMETHING THAT DIDN'T MAKE
SENSE? >> A VERY GENERAL QUESTION. AS WE MOVE MORE THINGS INTO DEBT SERVICE FUND USING GO BONDS, IS THERE ANY ISSUE WITH THAT? MY THOUGHT IS THAT WE ARE STILL MAXIMIZING THE OPERATING FUND. I GUESS IT IS A QUESTION FOR TIM TOO. DOES THAT EVER PUT US IN A POSITION YEARS DOWN THE ROAD IF THINGS CHANGE UNCONTROLLABLE THINGS AS WE LOAD UP THINGS INTO THE GEOBONDS AND ARE STILL AT A MAXIMUM FOR OPERATIONAL FUND ? DOES THAT EVER PUT US IN A BAD
[00:25:15]
POSITION? OR BECAUSE WE STILL HAVE SO MUCH ROOM -- I MEAN, I THINK WE HAD THE RATE INITIALLY BECAUSE WE WERE BUILDING BUILDINGS. WE WERE USING A LOT OF THAT. AS IT FALLS OFF, WE HAVE ROOM. DOES THAT EVER CATCH UP? OR IS THIS TRULY THAT WE DO HAVE THE ROOM SO IT IS OKAY TO MOVE THESE THINGS? BUT I WILL SPEAK TO THAT FIRST, IF THAT IS OKAY. YOU GUYS ARE IN A UNIQUE SITUATION. THE MAJORITY OF SCHOOL CORPORATIONS IN THE STATE CANNOT DO DEBT THE WAY YOU DO IN TERMS OF PAYING IT BACK SO QUICKLY AND DOING THE PROJECTS YOU HAVE DONE. THAT IS BECAUSE OF A LONG, LONG HISTORY OF FINANCIAL PLANNING. JUST TO BE HONEST. THIS GOES BACK DECADES OF DOING THE RIGHT THING AT THE RIGHT TIME AND PAYBACK DEBT AS QUICKLY AS YOU CAN. IN TERMS OF THE OPERATIONS FUND. THE OPERATIONAL COSTS, I WILL TELL YOU THAT SCHOOLS THROUGHOUT THE STATE HAVE FINITE RESOURCES THESE DAYS. THEY DON'T SEEM TO BE GROWING.SCHOOLS ARE TRYING TO TAKE AS MUCH OF THEIR COSTS AND PUT THEM IN BOUGHT -- BONDS IF THEY CAN, WITHOUT TOOK -- INCREASING THE TAXI. YOU SO HAPPY TO BE IN THE BEST SHAPE IN THE STATE IN TERMS OF WHAT YOU GUYS CAN DO AND HOW QUICKLY YOU CAN PAY IT OFF. A LOT OF SCHOOL CORPORATIONS ARE DOING THESE TYPES OF PROJECTS ARE BEING FORCED TO PAY BACK 10, 15, 20 YEARS AND TAKING UP THE MAJORITY OF THEIR TAX RATE. SO DO THINGS CATCH UP WITH YOU? IF THEY DO, OTHER SCHOOLS ARE IN REALLY COME UP REALLY BAD SHAPE I WILL SAY THERE'S A BIG LEGISLATIVE SESSION COMING UP THIS YEAR. ANYTHING IS ON THE TABLE. I CAN'T SPEAK TO WHAT THINGS WILL LOOK LIKE FOR FIVE MONTHS FROM NOW, BUT RIGHT NOW, YOU GUYS ARE HONESTLY IN
FANTASTIC SHAPE. >> IF THINGS EVER WERE GOING TO TURN, THERE WOULD BE SO MANY INDICATORS FROM OTHER SCHOOL DISTRICT, LEGISLATIVE THINGS , TAX ASSESSORS, THAT WE ARE IN A GOOD ENOUGH POSITION WHERE WE WOULD BE ABLE TO GET BACK IN
FRONT OF IT AGAIN. >> YEAH. I WOULD BE VERY SHOCKED IF SOMETHING HAPPENED TO WEAR IMMEDIATELY YOU GUYS WERE IN BAD SHAPE. YOU GUYS ARE SET UP TO ESSENTIALLY BRIDGE ANY STORM THAT COMES. AGAIN, WITH REASON. WITHIN REASON, OBVIOUSLY. BUT AGAIN, THE FLEXIBILITY YOU RETAIN YEAR IN AND YEAR OUT . IF YOU ARE THROWING SO MUCH DEBT ON YOUR BOOKS THAT YOU'VE TAKEN UPPER TAX RATE FOR SEVERAL YEARS, AND THEN SOMETHING CHANGES LEGISLATIVELY, YOU HAVE NO ABILITY TO REACT. EURO WE SET UP TO BE ABLE TO REACT. YOU HAVE NOT PUT ANYTHING ON THE BOOKS BEYOND THE NEXT YEAR THAT IS GOING TO TAKE UP THE MAJORITY OF YOUR TAX RATE. WE CAN REACT EACH AND EVERY YEAR . AS THE LEGISLATION CHANGES, AND ALSO, WE TIME ALL THESE WHEN YOU GET YOUR ASSESSED VALUE. IF THERE'S ANY SORT OF SURPRISE WITH ASSESSED VALUE, GOOD OR
BAD, WE CAN REACT TO THAT. >> WE HAVE TALKED ABOUT ARE CONCERNED THAT THESE ASSESSED VALUES ARE UNCONTROLLABLE FOR US. IF THEY WERE TO DROP, HE WOULD HIT US IN THE OTHER FUNDS, BUT WE STILL HAVE ROOM IN THIS ONE TO MAKE ENDS MEET.
>> THE ENTIRE PLAN BEHIND IT IS TO STAY AS POSSIBLE AS POSSIBLE. THINGS ARE GOING TO CHANGE. WE KNOW THAT, FOR GOOD OR BAD. BUT IF WE CAN REMAIN FLEXIBLE, WE CAN REACT TO THAT WHEN IT HAPPENS SO YOU ARE POTENTIALLY STUCK SEEN THAT TAX RATE GO UP. THAT IS NOT A POSITION THE BOARD OR ADMINISTRATION WANTS TO BE IN.
>> THANK YOU. >> ANYONE ELSE? HEARING NONE.
WILL OPEN UP THE PUBLIC HEARING. ANY PERSON WISHING TO SPEAK REGARDING THESE PROPOSED FINANCES MAY COME FORWARD.
HEARING NONE. I NOW CLOSE A PUBLIC HEARING. TONIGHT WE HAVE A RESOLUTION TO APPROVE THE PRELIMINARY DETERMINATION TO ISSUE BONDS IN RELATED MATTERS FOR EACH FINANCING. DO I HAVE A MOTION TO APPROVE THE RESOLUTION APPROVING THE ISSUANCE OF BONDS , REIMBURSEMENT AND RELATED MATTERS FOR THE 2025 GEOBONDS AND THE HIJH PROJECT?
>> MOTION TO APPROVE THE RESOLUTION AS PRESENTED.
>> SECOND. >> I WILL NOW CALL THE
[8. Information Items]
QUESTION. ALL THOSE IN FAVOR OF APPROVING THE RESOLUTION SAY>> PASSES 6-0. WE WILL NOW MOVE ON TO INFORMATION ITEMS. THE FIRST ONE IS HSE NETWORKS WITH THE PRESENTATION BY JASON
URBAN. >> MEMBERS OF THE BOARD, MY PLEASURE TO BE IN FRONT OF YOU AGAIN TO TALK ABOUT A VERY EXCITING MODEL FOR OUR SECONDARY SCHOOLS, HIGH SCHOOLS , AND THE NETWORK MODEL. I THINK WHAT I MOST EXCITED ABOUT IS I THINK ABOUT MY CAREER HERE , I DON'T KNOW THAT WE HAVE HAD A BETTER PROCESS TO ENGAGE THE COMMUNITY THAN WHAT WE HAVE EXPERIENCED IN THE COMMUNITY CONNECTED WORK THAT LED TO THIS MODEL. THIS MULTIYEAR PROCESS, MULTIPLE STAKEHOLDERS INFORMING THIS DECISION. ALONGSIDE THAT, THERE HAS BEEN A PROCESS OF COLLABORATION BETWEEN THE TWO HIGH SCHOOLS THAT HAS BEEN AT A LEVEL I HAVE NEVER EXPERIENCED BEFORE. I CERTAINLY WANT TO COMMEND BOTH KYLE AND REGGIE BEING HERE TO SUPPORT THE MODEL. IT IS DEFINITELY THAT COLLABORATION THAT HAS MADE
[00:30:02]
THIS MODEL BETTER. WHAT IS MOST EXCITING IS THE EXPERIENCE WERE BUILDING FOR STUDENTS. I THINK IT TRULY TAKES THE CORE OF WHAT WE DO WELL AND JUST SURROUNDS IT WITH KIND OF THE CHARGE WE GOT FROM OUR COMMUNITY TO MAKE IT MORE ALIGNED AND MORE RELEVANT. IN FRONT OF YOU YOU ALL HAVE BINDERS. THE BINDERS HAVE DIFFERENT INFORMATION. I WILL PRESENT IT HERE VISUALLY.THANKS, KYLE. ALWAYS THERE TO ASSIST. APPRECIATE IT. YOU HAVE THE BINDER IN FRONT OF YOU. IT ALSO HAS A WEBSITE . ALL THIS INFORMATION BEING PRESENTED TONIGHT IS ALREADY POSTED ON OUR WEBSITE. EVERYTHING IS PUBLIC THAT WE ARE PRESENTING TO YOU. YOU HAVE THEM BOTH IN FRONT OF YOU. THE HARD COPY AND THE WEBSITE. AT THE LOOK AT THE NETWORKS AND GET STARTED TO UNDERSTAND THEM IN MORE DEPTH, PROBABLY IMPORTANT THAT WE UNDERSTAND SOME COMMON TERMINOLOGY. WHEN WE TALK ABOUT A NETWORK, WE ARE TRULY TALKING ABOUT AN ACADEMIC IDENTITY FOR OUR STUDENTS. WHEN WE TALKED ABOUT IT LAST TIME, STUDENTS GO THROUGH HIGH SCHOOL, MAYBE THEIR IDENTITY IS MORE ALIGNED WITH MARCHING BAND WERE EXTRACURRICULAR ATHLETICS. WE ARE TRYING TO REALLY ESTABLISH AN ACADEMIC IDENTITY. WHEN YOU THINK OF THE TERM NETWORK, YOU'RE REALLY THINKING MORE LIKE A COLLEGE MODEL, LIKE THE COLLEGE OF. THE COLLEGE OF BUSINESS WOULD BE THAT OVERARCHING NETWORK. UNDERNEATH THAT OUR PROGRAMS. WE ARE USING THAT COLLEGE OF BUSINESS MODEL . YOUR PROGRAMS WILL BE FINANCE OR MARKETING. AND SO, UNDER EACH ONE OF THE EIGHT NETWORKS WE HAVE PROGRAMS LISTED THAT ARE BOTH COLLEGE-BOUND PROGRAMS AND WORKFORCE READY PROGRAMS. WE WILL ASKED STUDENTS WERE IN THOSE PROGRAMS TO COMMIT TO AT LEAST A THREE COURSE SEQUENCE IN THAT PROGRAM. THOSE SEQUENCES HAVE BEEN VETTED BY OUR UNIVERSITY PROVIDERS, THE STATE AND WORKFORCE. ANOTHER BIG PART OF THIS, IN AN AREA WHEN GOING THROUGH THE PROCESS THAT WE PICKED UP ON THAT IS AN ENHANCEMENT TO OUR EXPERIENCE RIGHT NOW, IS THE DEVELOPMENT OF A FRESHMAN SEMINAR PROGRAM. WHAT WE DID IS TOOK THE REQUIRED PREPARING FOR COLLEGE AND CAREER COURSE THAT IS NOW A NEW PART OF THE DEPLOYMENT REQUIREMENTS, AND WE ADDED CURRICULUM TO THAT TO MAKE IT A TRUE FRESHMAN SEMINAR. NOT ONLY WILL STUDENTS LEARN THAT JOURNEY OF THE STUDENT SUCCESS SKILLS, AND WE GO OVER THOSE AND SET THEM UP WELL FOR HIGH SCHOOL, BUT ALONGSIDE THAT, THEY GET EXPOSURE TO THE EIGHT DIFFERENT NETWORKS NOT ONLY EXPOSURE FROM THE CLASSROOM TEACHER, BUT ALSO FROM THE COMMUNITY AS WELL SO THEY CAN SEE THOSE NETWORKS IN THEIR COMMUNITY. THE LAST PIECE OF TERMINOLOGY ON THERE IS THE CREDENTIALS OF VALUE. AS OUR STUDENTS GO THROUGH THIS JOURNEY THROUGH THE NETWORKS THROUGH HIGH SCHOOL, WE HOPE THEY ACCUMULATE MARKETABLE EXPERIENCES TO WHATEVER THEY ARE DOING NEXT. IF I'M GOING TO COLLEGE, MY MARKETABLE EXPERIENCE IS THAT I AM EARNING TOOL CREDIT IN A COLLEGE-LEVEL RIGOR, DUAL CREDIT. I CAN TRANSFER TO MY COLLEGE . IF I'M GOING TO THE WORKFORCE, I AM ACCUMULATING INDUSTRY CERTIFICATION AS PART OF MY JOURNEY THROUGH THESE NETWORKS. THE NEXT PAGE IN YOUR PACKET IS KIND OF JUST A DESCRIPTION OF THE NETWORK MODEL. THESE ALIGNED TO WHAT WE ARE SEEING AS FREQUENTLY ASKED QUESTIONS.
TWO THINGS I WANT TO POINT OUT IN THAT. ONE IS, AGAIN, IT DEEPLY EMBEDS THE JOURNEY OF THE STUDENT THROUGHOUT THE HIGH SCHOOL EXPERIENCE. THE OTHER THING WE KEEP TELLING PARENTS, AND I WILL SAY IT PUBLICLY OVER AND OVER AGAIN, STUDENTS CAN CHANGE THEIR NETWORKS. THEY'RE NOT WALKING IN OR MAKING A DECISION SOPHOMORE YEAR WHAT THEY WILL DO THE REST OF THEIR LIFE. THAT MAY BE IT, BUT THEY HAVE AGILITY IN THIS MODEL.
THAT IS WHAT YOU THINK ABOUT THIS MODEL. ONE THING WE'RE NOT GOING TO WAVER ON IS THAT THEY WILL ALWAYS BE WORKING TOWARDS A GOAL. THEY'RE ALWAYS GOING TO BE WORKING TOWARDS A NETWORK. THEY GET INTO A NETWORK IN A PROGRAM AND DECIDE THAT IS NOT FOR ME, GREAT. LET'S GO ANOTHER DIRECTION.
THEY CAN CHANGE THEIR NETWORK. I WILL SAY OVER AND OVER AGAIN.
THE OTHER PAGES SIMPLY LISTING THE NETWORKS. EVERYTHING IN RED IS THE TITLE OF EACH ONE OF THE EIGHT NETWORKS UNDERNEATH THOSE IN BLUE ARE THE DIFFERENT PROGRAMS FOR EACH ONE OF THOSE NETWORKS. THROUGH THE PROCESS, ONE OF THE ENHANCEMENTS WE SAW IS WHAT COULD WE MAKE IT A MORE COMMUNITY CONNECTED EXPERIENCE OR MORE RELEVANT AND MORE ALIGNED EXPERIENCE IN HIGH SCHOOL? PART OF THIS MODEL IS FOR EVERY GRADE LEVEL THERE IS GUARANTEED EXPERIENCES TO REALLY INFORM NARROWING DOWN
[00:35:01]
POSTSECONDARY GOALS. ALONGSIDE THAT, IN THAT FRESHMAN SEMINAR, NOT ONLY ARE THEY LEARNING THOSE SUCCESS SKILLS, BUT AGAIN, WE ARE TRYING TO TIE THAT TO OUR COMMUNITY , TO INDUSTRY, TO THE KIND OF JOBS AND EXPERIENCES THEY MAY HAVE OUT OF HIGH SCHOOL. BRING IN GUEST SPEAKERS THAT ARE REALLY ALIGNED TO THOSE NETWORKS. BEYOND THAT, THERE IS MORE OPPORTUNITY FOR COMMUNITY CONNECTION. REALLY EXCITED ABOUT THIS. I THINK IT IS MOST APPROPRIATE TO BRING STEVE UP.HAS BEEN WORKING SO HARD TO DEVELOP A WAY FOR COMMUNITY AND TO ENGAGE WITH THIS MODEL. I WILL HAVE STEVE DRIVE THAT TALK ABOUT THE MODEL HE HAS CREATED.
>> THANKS FOR LEAVING THE CLICKER ON. THANK YOU. THANK YOU FOR THIS OPPORTUNITY. IT IS REALLY EXCITING. IF WE'RE GOING TO DELIVER ON THE PROMISE OF THE NETWORKS AND TRANSFORMING THE HIGH SCHOOL EXPERIENCE, WE HAVE TO BUILD THE COMMUNITY CONNECTED SYSTEMS AND STRUCTURES TO ENGAGE OUR COMMUNITY SUPPORTERS WITH OUR CLASSROOMS, WITH OUR TEACHERS, WITH OUR STUDENTS. SO MY WORK IS PIVOTED OUT A LITTLE BIT, LARGELY JASON ALSO LEADING THE NETWORK PIECE, TO REALLY LOOKING AT THE K-8 COMMUNITY -- EXCUSE ME, K-12 COMMUNITY CONNECTIONS WE NEED TO NOW BUILD TO DELIVER ON THIS. I AM GOING TO TAKE THIS OPPORTUNITY TO REMIND YOU AS WELL THAT THIS YEAR WE ARE PART OF A CAREER COACHING GRANT FROM THE STATE OF INDIANA. IT IS ACTUALLY ORGANIZED AND FUNDED THROUGH THE COMMISSION OF HIGHER EDUCATION. JUST LIKE OUR COMMUNITY DEFINES GUARANTEED EXPERIENCES IN THE FORWARD WORK THEY WOULD LIKE TO SEE, THE STATE HAS SAID, WE WANT THESE GUARANTEED EXPERIENCES FOR EVERY KID IN THE STATE TO HAVE.
IN GRADES 11 AND 12, AND I WILL HIGHLIGHT A COUPLE OF THESE, WE ARE DEVELOPING THIS, ALONG WITH INVEST HAMILTON COUNTY, OUR COMMUNITY PARTNER, AS WELL AS, I WANT TO NOTE ALL HAMILTON COUNTY SCHOOLS ARE IN THE GRAND. THERE HAS BEEN A LOT OF COLLABORATION HAPPENING THE PAST COUPLE OF MONTHS AROUND HOW WE SCALE THESE, AND WHAT IS OUR CAPACITY FOR THEM. HOW DO WE NOT SATURATE THE DEMAND? HOW DO WE KNOW WHERE OUR COMMUNITY PARTNERS? THOSE SORTS OF THINGS ARE ALL IN DEVELOPMENT AND IN THE CONVERSATION RIGHT NOW TO ENSURE THAT WE CAN OFFER THESE THINGS FOR OUR STUDENTS. NOT ONLY IN OUR DISTRICT, BUT SHARE THEM IN A WAY, OR ALSO, THAT IS THE PARTNERSHIP. TO DO THAT SORT OF THING. AS WE DO THAT, I WANT TO KNOW THAT REALLY WHAT I AM FOCUSING ON IS CREATING A SYSTEM TO SET UP AND MANAGE THESE TYPES OF EXPERIENCES FOR KIDS WITH INTERNSHIPS, CAPSTONES, EXPERIENCES, ARTICLES, PRACTICUMS, JOB SHUTTLES, MOCK INTERVIEWS, CAREER FAIRS . THE COMMITTEE SAID WE WANT THESE THINGS ABOUT A YEAR AGO. THE STATE NOW SAYS, YOU'VE GOT TO DO THESE THINGS, WHICH IS PRETTY COOL TO SEE THE ALIGNMENT COME ALONG ALONG WITH A DIPLOMA. WHAT I HAVE DONE, BECAUSE I'VE NOT BUILT OUT AN AWESOME WEST BASE LIKE HAS BEEN BUILT OUT FOR SUMMIT JASON -- OF JASON'S WORK, AND THE REASON IS THAT WE'RE EARLY IN THIS. RIGHT NOW, THERE ARE MULTIPLE VENDORS PUTTING TOGETHER TOOLS. I ALSO THINK WE MIGHT HAVE THE INTERNAL CAPACITY TO BUILD WHAT WE NEED.
I'M NOT READY TO MAKE THAT DECISION YET. JUST TO GIVE YOU AN IDEA AS IF THIS WAS A REAL WEBSPACE, THIS IS SIMPLY A TOOL WE ARE GOING TO LAUNCH WHERE, AGAIN, ANY COMMUNITY PARTNER, SUPPORTER WANTS TO COME ALONG CAN CLICK IN AND SAY, HEY, I AM A COMMUNITY SUPPORTER, I WANT TO DO ONE OF THESE THINGS. I WANT TO DEVELOP A LOCAL WORKFORCE, DEVELOP A LOCAL PIPELINE DIRECTLY TO JOBS IN MY COMMUNITY, COACH STUDENTS AND FEEL GOOD ABOUT THAT, HELP GET ALONG IT -- THEIR JOURNEY. OR DO I WANT TO SUPPORT SCHOOLS AND TEACHERS IN MAKING THAT EXPERIENCE IN THOSE NETWORKS MORE RELEVANT AND MORE RIGOROUS IN TERMS OF ADDING THAT AUTHENTICITY . LET'S SAY I AM A COMMUNITY SUPPORTED. I CLICK ON DEVELOP LOCAL WORKFORCE. I DO THAT? I CAN ENGAGE WITH THE STUDENT CLUB OR ORGANIZATION TO DO THAT, OR COULD HOST A JOB SHADOW OR INTERNSHIP. A LOT OF PEOPLE KNOW WHAT AN INTERNSHIP LOOKS LIKE. I CLICK ON HOST A JOB SHADOW OR INTERNSHIP, AND THEN WHAT HAPPENS IS, REALLY TO PREVIEW WHAT THAT COMMITMENT LOOKS LIKE, BUT ULTIMATELY, GOING INTO ACTION, I'M IN A PLACE IF WE USE THIS -- FILL THIS INTERNALLY OR USE TOOLS THAT ALREADY EXIST, BUT TO TELL OUR PARTNERS EXACTLY WHAT IS NEXT. I SEE THOSE AS TWO DIFFERENT THINGS. LEGAL IN STATE ACCOUNTABILITY COMPLIANCE. WHEN I BEEN HAVING COMMUNITY PARTNERSHIPS, AND YOU WILL SEE SOME OF THESE WHEN JASON GETS BACK UP HER, PARTNERS WE HAVE LANDED ALREADY, BUT THEY WANTED A WE HAVE A CERTIFICATE OF INSURANCE BEFORE THE KID WALKS IN THEIR.
-- THERE. EXACTLY WHAT THAT PARTNER WILL DO AND WHAT THE KIDS ARE GOING TO DO, OR THE CLASS OR COURSE WILL DO. THE
[00:40:05]
OTHER PIECE OF THIS IS THAT, ONCE WE HAVE COMMITTED TO THAT PARTNERSHIP, THAT IS WHERE WE HAVE TO ENSURE THE EXPERIENCE IS BOTH QUALITY FOR STUDENTS AND THE PARTNER IF WE SUSTAIN THE PARTNERSHIP. THERE ARE ALREADY WORK BASED LEARNING TOOLS THAT HAVE BEEN CREATED THROUGH THE PROCESS.. AS WELL AS SOME PIECES TO THE TRAINING PLAN WHERE THE KIDS WILL INTERVIEW FOR THESE POSITIONS. HOW WILL THEY APPLY? WHAT KIND OF COMMUNITY SUPPORT OR SURVEYS AND CHECKPOINTS TO WE WANT ALONG THE WAY SO THEY CAN SAY HOW THE KID IS DOING ? THE ALIGNMENT WITH THE JOURNEY OF THE STUDENT. WHEN THE KID IS IN THIS SCENARIO, THE KNEE FEEDBACK FROM COMMUNITY PARTNERS AND HOW THOSE EMPLOYEE ABILITIES SKILLS THAT THE -- HOUSE THE KID PERFORMING ON THOSE? EVERYBODY CAN SEE THOSE INTO THOSE SORTS OF THINGS. JUST TO BRIEFLY LAUNCH WHERE THIS IS GOING IN TERMS OF HOW WE START TO PARTNER WITH THE COMMUNITY, I WANTED TO GIVE YOU A BRIEF OVERVIEW OF THAT. GOAL IS TO MAKE IT SIMPLE FOR THE COMMUNITY PARTNERS , TO KEEP IT IN COMPLIANCE, TO KEEP IT LEGAL, BUT MOST IMPORTANTLY, I THINK TO BUILD A SYSTEM WHERE WE ARE GUARANTEEING A QUALITY EXPERIENCE FOR EVERYBODY INVOLVED WITH THAT. APPRECIATE THE OPPORTUNITY TO SHARE THAT. I WILL GET IT BACK OVER TO JASON TO GO FURTHER IN DEPTH INTO THE NETWORKS.>> HOW ARE THE OTHER SCHOOL DISTRICTS NAVIGATING THIS? ARE THEY NAVIGATING IT AT A DISTRICT LEVEL OR AT THE COUNTY LEVEL LIKE WHAT HAMILTON COUNTY IS DOING?
>> I WOULD SAY IT IS COLLABORATIVE IN THAT WAY.
THERE ARE DESIGNATED -- ART DISTRICT FOR THE GRANT, INVEST HAMILTON COUNTY AND THEIR STAFF IS A PARTNER WITH EVERY SINGLE HAMILTON COUNTY SCHOOL. THEY'RE WORKING WITH A POINT PERSON AT THE DISTRICT LEVEL. THAT IS ALL MEETINGS HAPPENING AT . MY LAST MEETING IS WHY I KIND OF HIT THE BRAKES, BECAUSE ACTUALLY SHARED SOME TOOLS THAT ARE IN DEVELOPMENT. YOU CAN SEE THAT THEY'RE MOVING TOWARDS A STATE VISION OF WHAT THOSE MIGHT BE.
I DON'T WANT TO CREATE SOMETHING THAT MIGHT BE COMING IN THAT WAY. WE MAY GET TO, I WILL SAY, AROUND SUMMERTIME. I NEED TO BE ENGAGING FRESHMAN SEMINAR. THE GUEST SPEAKERS WALKING IN THE DOOR IN AUGUST , THE PEOPLE SPEAKING, WE NEED TO BUILD SOMETHING TO THAT, WE'VE HAD CONVERSATIONS WITH EMILY ABOUT OUR CAPACITY TO DO THAT. I THINK WE HAVE THAT TOO. WHERE I GET HUNG UP A LITTLE BIT IS THAT I ALSO WANT DATA METRICS ON THE BACKEND OF ALL THESE THINGS. THAT IS ANOTHER LIFT.
IF I HAVE A WHOLE I.T. TEAM SITTING SOMEWHERE NOW BUILDING THAT, THERE MIGHT BE A BETTER SOLUTION. I WILL BRING THAT STUFF BACK TO YOU GUYS. THANK YOU.
>> REALLY EXCITING . OBVIOUSLY, YOU CAN TELL THAT WE ARE VERY EXCITED ABOUT THIS PROJECT. WE CAN'T BE THE ONLY ONES TAKING THIS FORWARD. ONE OF THE THINGS WE HAVE BEEN INTENTIONAL ABOUT DOING IS TRYING TO CAPTURE THE VOICES OF OTHER STAKEHOLDERS WHO HAVE BEEN WITH US THROUGH THIS JOURNEY. EMILY HAS CAPTURED VIDEO OF A COUPLE OF THOSE STAKEHOLDERS THAT WE WILL
PLAY FOR YOU. >> WELCOME TO HAMILTON SOUTHEASTERN SCHOOLS WHERE WE ARE REIMAGINING HIGH SCHOOL TO BETTER SERVE ALL STUDENTS. NOW, HERE FROM PARENTS, EDUCATORS AND COMMUNITY MEMBERS ABOUT HOW THE NEW HIGH SCHOOL NETWORKS ARE CREATING OPPORTUNITIES FOR STUDENTS TO SHAPE THEIR FUTURE
AND ACHIEVE LONG-TERM SUCCESS. >> MY NAME IS STEPHANIE. I'M A MOM OF FIVE. WE HAVE TO RECOGNIZE THAT ALL KIDS ARE NOT THE SAME. WE HAVE TO MEET THOSE KIDS AT THEIR GOALS. THAT IS WHY I AM SO EXCITED ABOUT OUR PROGRAM AND THE GOALS WE HAVE SO THE KIDS KNOW THEY HAVE ALTERNATE PATHWAYS.
>> BY CONNECTING THEIR LEARNING TO FUTURE GOALS, STUDENTS WILL BE MORE ENGAGED AND BETTER PREPARED FOR THEIR NEXT STEPS.
>> I TEACH MATH AND COMPUTER SCIENCE. I HAVE BEEN AN EDUCATOR AT HSE HIGH SCHOOL SINCE 2001. THE NETWORKS WILL BE SUPER BENEFICIAL BY ALLOWING THEM TO EXPLORE CAREER OPPORTUNITIES EARLIER , AND AT THE SAME TIME, IT WILL MAKE THEIR HIGH SCHOOL WORK MORE RELEVANT.
>> STUDENTS WILL GAIN SKILLS AND KNOWLEDGE THAT LEADS THEM TO SUCCESS, WHETHER IT IS COLLEGE, CAREER OR INDUSTRY
CERTIFICATIONS. >> WHERE CALLING THEM NETWORKS FOR A REASON SO THAT IS IS FLUID TO POSSIBLY MOVE BETWEEN
THEM. >> WE CAN'T BE SILOED IN OUR WAY OF THINKING. WE HAVE TO TAKE A MORE HOLISTIC APPROACH.
I THINK IT IS GOOD TO EXPOSE KIDS TO ALL OF THE OPTIONS THAT
THEY HAVE. >> BASICALLY, WHAT WE'RE TRYING TO GET THEM TO DO IS HAVE A PLAN AND LEAVE HERE WITH COLLEGE CREDITS OR CREDENTIALS THAT PUT THEM ABOVE THEIR
PEERS. >> I APPRECIATE THE SCHOOL'S VISION AND THEN REACHING OUT TO ALL OF THE STAKEHOLDERS WITHIN THE COMMUNITY, BECAUSE WE ALL CONTRIBUTE TO THE SUCCESS OF
OUR KIDS. >> AT HAMILTON SOUTHEASTERN SCHOOLS, WE ARE PREPARING STUDENTS, NOT JUST FOR HIGH SCHOOL GRADUATION, BUT FOR LIFE.
>> I LOVE WHAT SHE SAID THERE ABOUT MAKING GRADUATES STAND
[00:45:01]
OUT AMONG THEIR PEERS. THAT IS TRULY THE INTENTION OF THIS. WE WILL CONTINUE TO CAPTURE VIDEOS FROM STAKEHOLDERS. WE WILL HAVE SOME OF OUR UNIVERSITY PROVIDERS WAY AND TOO ABOUT THE MODEL. I THINK THAT WILL BE IMPORTANT TO HAVE ON OUR WEBSITE. LAST WEEK WE PRESENTED AT BOTH HIGH SCHOOLS FOR EIGHTH GRADE PARENT NIGHT AND PUT THE DIPLOMA CHANGES OUT THERE, AND ALSO THE NETWORKS. PART OF THE FEEDBACK IS, I MEAN, THERE ARE A LOT OF CHANGES WHEN YOU ARE IN EIGHTH GRADE PARENT CAN INTO HIGH SCHOOL. THE TRANSITION AND INSIDE THAT, THAT I HAVE A DIPLOMA CHANGE IN THIS NETWORK THING I DON'T UNDERSTAND BUT I THINK THE THING THAT HAS HELPED US WITH THOSE CONVERSATIONS IS PUTTING SAMPLE SCHEDULES IN FRONT OF THEM, AND FOR THEM TO REALIZE THERE IS NOT A MAJOR CHANGE TO THAT NINTH GRADE TRANSITION THAN WHAT STUDENTS ARE EXPERIENCING NOW. THE BIGGEST CHANGE IS THAT FRESHMAN SEMINAR CLASS THAT ALL STUDENTS ARE GOING TO TAKE. BUT THAT WILL HELP INFORM THAT SOPHOMORE SCHEDULE. REALLY, YOU HAVE MORE FLEXIBILITY NOW WITH THE EXTRA PE CREDIT GOING AWAY. WE CAN PUT THAT SEMINAR RIGHT IN THERE. THE SCHEDULES THAT YOU SEE ARE VERY SIMILAR TO WHAT STUDENTS ARE TAKING NOW IN THEIR FRESHMAN YEAR. BUT WITH SOME OF THE NEW FLEXIBILITY, THEY MIGHT START WORKING ON MAYBE A PRINCIPLES CLASS FRESHMAN YEAR IF THEY FEEL LIKE, OKAY, I DO KNOW THE NETWORK I WANT TO GO INTO. WE HAVE THAT ON THE WEBSITE. WE ARE GOING TO USE THAT AS A RESOURCE TO HELP PARENTS UNDERSTAND AS WELL. LET'S GET INTO THE NETWORKS AND WHAT TO EXPECT IN EACH ONE OF THEM. IN YOUR PACKET AND ON THE WEBSITE WE HAVE EACH ONE OF THOSE IDENTIFIED . IT IS REALLY KINDA SET UP AS A ONE PAGER. AS A PARENT COMES INTO THE GUIDANCE OFFICE WHO ARE INTERESTED IN MEDICAL SCIENCES, HERE IS THE ONE PAGER. AS YOU CAN SEE, THEY ARE ALL FORMATTED THIS WAY. YOU HAVE THE AVAILABLE COLLEGE CREDITS. WHEN YOU THINK ABOUT IT, AVERAGE $350 PER CREDIT HOURS, USUALLY THE AVERAGE COST. FOR MOST OF THE CLASSES THAT STUDENTS ARE TAKING IN HIGH SCHOOL, THOSE ARE THREE CREDIT HOUR CLASSES. SO EVERY TIME YOU TAKE ONE OF THOSE CLASSES, YOU HAVE THE POTENTIAL OF OVER $1000 SAVINGS AT THE UNIVERSITY LEVEL. YOU SEE THAT WE OFFER QUITE A FEW COLLEGE LEVEL CLASSES EVEN IN THESE NETWORKS. WE ARE OUTLINING THE AVAILABLE INDUSTRY CREDENTIALS AND CERTIFICATIONS IN EACH ONE OF THE NETWORKS. AND THEN, THESE EXPERIENCES. SOME WILL BE INTERNSHIPS, SOME WILL BE JOB SHADOW . A VARIETY OF DIFFERENT EXPERIENCES BASED ON THAT INDIVIDUAL STUDENT. YOU ALSO SEE OUR PROVIDERS THAT STEVE REFERENCED THAT WE ALREADY HAVE RELATIONSHIPS WITH. WE HOPE TO GROW IN ALL THOSE AREAS. WE WILL GET MORE PROVIDERS AS WE CONTINUE TO DEVELOP THIS MODEL.>> DO YOU SHARE THIS LAYOUT AND CURRICULUM WITH EMPLOYERS SO THEY UNDERSTAND THE ACADEMIC RIGOR THE STUDENTS GO THROUGH?
>> THAT IS THE PLAN. >> I HAVE GOTTEN QUESTIONS ON THAT IN THE PAST. I THINK THIS IS HELPFUL.
>> SO UNDERNEATH THE NETWORK, YOU HAVE YOUR DIFFERENT PROGRAMS. UNDER MEDICAL SCIENCES, UC WE HAVE BIOMED, EMT, EXERCISE SCIENCE, MEDICAL ASSISTING, CERTIFIED NURSING, PREMED. AGAIN, STUDENTS WILL COMMIT TO A NETWORK AND COMMIT TO A THREE COURSE SEQUENCE IN THAT PROGRAM. SO THOSE -- IF YOU'RE IN THAT WHENEVER, THOSE OF THE COURSES YOU WILL DEFINITELY TAKE. WE ARE GIVING YOU A PLAN TO MAKE SURE YOU ACCOMPLISH THOSE IN HIGH SCHOOL. I'M JUST GOING TO CLICK THROUGH SOME OF THE DIFFERENT NETWORKS.
AGRICULTURAL, NATURAL RESOURCES SET UP THE SAME WAY.
ENGINEERING AND TECHNOLOGY WHERE WE HAVE CYBERSECURITY.
REALLY EXCITED ABOUT BRINGING THAT COLLEGE BOARD PROGRAM IN.
INFORMATICS , BRINGING THAT AS A NEW PROGRAM AS PART OF THIS NETWORK. BUSINESS ADMINISTRATION . WE CREATED A GLOBAL BUSINESS PROGRAM THAT I THINK A LOT OF STUDENTS WHO ARE INTERESTED IN INTERNATIONAL BUSINESS ARE GOING TO BE INTERESTED IN. IT ALSO COMBINES WORLD LANGUAGE AS PART OF THE NETWORK. PUBLIC SERVICE, WHICH INCLUDES LAW ENFORCEMENT, GOVERNMENT, EDUCATION CAREERS. ARTS AND COMMUNICATION, PART OF A NETWORK , NOT ONLY TAKING PLACES I AM INTERESTED IN, BUT REALLY THINK ABOUT WHAT I NEED TO BE REALLY WELL-ROUNDED TO USE THAT AS MAYBE A PROFESSION OR A MAJOR. INDUSTRY AN OPPORTUNE OWNERSHIP -- ENTREPRENEURSHIP. THESE ARE A LOT OF THE EXISTING CTE CLASSES. EXCITED WE ARE NOW DEVELOPING A CTE COMMITTEE WERE REPAIRING AND TEACHERS .
ASSOCIATIONS NOMINATE TEACHERS FOR THAT. WERE WORKING TOGETHER TO EXPLORE WHAT OTHER SCHOOLS ARE DOING. REALLY THINK ABOUT THE FUTURE OF HOW TO EXPAND THIS LIST TO BRING ON PROGRAMS THAT WILL PREPARE STUDENTS FOR FUTURE JOBS. WE ARE DOING THAT WORK RIGHT NOW. IN ALL OF THESE. THEY ARE SCALED TO EXPAND. INTERNATIONAL BACCALAUREATE IS THE LAST ONE.
WHEN WE VISITED OTHER SCHOOLS THAT KIND OF HAD AN ACADEMY MODEL AND THOSE KINDS OF THINGS, THEY SAID PUT INTERNATIONAL BACCALAUREATE AS ITS OWN ACADEMY. IT TRULY IS THAT LIBERAL ARTS EXPERIENCE. IF YOU WANT TO JUST THAT WELL-ROUNDED EXPERIENCE, THIS IS THE WAY YOU WOULD GO. AS WE
[00:50:05]
LOOK AT ALL THOSE DIFFERENT NETWORKS , WE FEEL VERY STRONGLY THAT IF OUR STUDENTS EXPERIENCE THAT AT A MINIMUM , THEY'RE GOING TO GET HONORS SEAL AND MEET THOSE EXPECTATIONS. MANY OF THEM MEETING THE HONORS PLUS SEALTHROUGH THAT EXPERIENCE. >> QUICK QUESTION. DO YOU HAVE TO CHOOSE ONE OF THESE NETWORKS? IN OTHER WORDS, IF YOU JUST WANT TO TAKE A MIX OF THINGS, IS THAT STILL AN OPTION? BUT YOU WILL TAKE A MIX OF THINGS ANYWAY FOR YOUR GRADUATION DIPLOMA OPTIONS. BUT WE'RE GOING TO FORCE YOU TO COMMIT TO BE PURSUING OR HAVE A GOAL OF GETTING THE EXPERIENCE
IN A NETWORK. >> THREE COURSE PROGRESSION,
AND YOU CAN CHANGE. >> RIGHT. YOU CAN GO IN A
DIFFERENT DIRECTION. >> GREAT.
>> COULD A STUDENT HAVE AN OPPORTUNITY OR OPTION TO DO COSMETOLOGY AND INTERNATIONAL BAKLEY RED -- BACCALAUREATE?
>> DEPENDS ON IF THEY HAVE ROOM IN THE SCHEDULE. THE PROBLEM WITH COSMETOLOGY IS THAT THEY HAVE TO TRAVEL FOR THAT. THEY HAVE TO GIVE UP CLASS PERIODS TO DO THAT.
>> THANK YOU. >> OBVIOUSLY, I DO MEDICINE, IF YOU TAKE THE CERTIFIED NURSING ASSISTANT PORTION OF CLASSES, WILL YOU COME OUT CERTIFIED CNA?
>> MEDICAL ASSISTING , ARE WE AS -- ARE WE CERTIFYING THEM?
>> WOW. THAT IS INCREDIBLE. WE NEED THEM DESPERATELY. THAT IS
AMAZING. >> ARE YOU SIGNING UP NOW AS A
COMMUNITY PARTNER? >> LET ME TELL YOU. BRING THEM
ON. WE HAVE A HUGE NEED. >> I HAVE ONE MORE THING FOR YOU BEFORE I OPENED IT UP FOR GENERAL QUESTIONS ON THE NETWORKS. I WAS IN FRONT OF YOU BEFORE TALKING ABOUT SUMMER SCHOOL. I WANT TO UPDATE YOU ON THAT AS WELL. SINCE THAT TIME, THE STATE HAS PUT OUT SOME GUIDANCE. WE THOUGHT THE STATE WOULD START PEERING BACK FUNDING FOR SUMMER SCHOOL, AND THAT IS EXACTLY WHAT THEY SAID. THIS SUMMER YOU SEE WHAT THE STATE HAS AGREED TO FIND. GOING INTO NEXT SUMMER, THEY'RE TAKING HEALTH AND WORLD LANGUAGE OFF THAT LIST. WE HAVE GONE BACK AND FORTH . I PUT IN FRONT OF YOU THE SIGNIFICANT COST TO OUR PRACTICE OF ALLOWING TWO SUMMER SCHOOL CLASSES THAT WE WILL PAY FOR. TALKING INTERNALLY SINCE WE DID SPRING THIS ON PARENTS MAYBE A LITTLE BIT LATER THAN THEY MAY HAVE PLANNED FOR ONE OF THOSE THINGS, WE THINK A GOOD COMPROMISE IS THAT THIS SUMMER ALLOW ONE PAID FOR SUMMER SCHOOL CREDIT , AND PAID FOR BY THE DISTRICT, AND THEN WITH THE KNOWLEDGE THAT, HEY, PLAN FOR THIS BECAUSE SUMMER OF 2026 , WE'RE NOT GOING TO PAY FOR ANY MORE CREDITS AND LESS THE STUDENT IS DEFICIENT, AND IT IS ONE OF THE PRIORITY ONCE THAT
IS REIMBURSED. >> I WANT TO THANK YOU FOR THAT. AND I SPENT SOME TIME MEETING WITH SOME COMMUNITY MEMBERS TO ADDRESS THAT ONE ON ONE. THANK YOU.
>> I WANT TO THANK YOU FOR THE SUMMER SCHOOL ADJUSTMENT. I THINK THAT IS A FAIR COMPROMISE.
>> I WILL MAKE THAT THREE OF US. REALLY APPRECIATE IT. I TOLD HER I WOULD DO IT. I HAVE TO GIVE MY DAUGHTER CREDIT FOR CHANGING MY THINKING A LITTLE BIT. SOMETHING I DIDN'T CONSIDER WAS THE FLEXIBILITY IN THE NEW STATE DIPLOMAS REALLY WON'T TAKE EFFECT UNTIL HER LITTLE BROTHER IS STARTING THIS NEXT TIME. HE WILL HAVE ALL THE POSSIBILITY AND PROBABLY NOT NEED AS MUCH SUMMER SCHOOL AS SOMEBODY WHO IS A SOPHOMORE NOW. MY REALLY APPRECIATE THIS. I THINK IS A GOOD COMPROMISE.
>> WE APPRECIATE THE FACT THAT YOU TOOK THE HOT SEAT WITH THIS. I KNOW IT IS A MAJOR CONCERN. THANK YOU FOR THAT.
>> COULD YOU LIST FOR ME ONE MORE TIME THE EXCEPTIONS THAT WILL NOT BE INCLUDED? DID YOU SAY LANGUAGE ARTS?
>> FOR SUMMER SCHOOL REIMBURSEMENT?
>> YES. >> 2025, THOSE COURSES ARE THE ONES THAT ARE EITHER FULLY FUNDED OR PRORATED.
>> THANK YOU. >> THE TWO THE DROP OFF NEXT YEAR OUR HEALTH, WORLD LANGUAGE, M80 CTE IF THEY CAN
FIND OTHER FUNDING SOURCES. >> OKAY. THANK YOU.
>> THANK YOU VERY MUCH. I THINK THIS IS VERY EXCITING. I KNOW PROBABLY STUDENTS WILL NOT FULLY REALIZE WHAT A GIFT IS BEING HANDED TO THEM UNTIL THEY ARE OUT OF SCHOOL AND IN THE WORKFORCE OR IN COLLEGE. I WISH I WOULD'VE HAD THIS WHEN I WAS IN HIGH SCHOOL. I THINK THIS IS AMAZING. APPRECIATE IT.
>> ALSO, I WANT TO THANK OUR PRINCIPLES . I THINK WE HAVE SCHEDULED OUR BOARD MEETINGS JUST TO KEEP ME OUT OF IT THE LAST TIME. MY FAMILY SAID THEY HAD A GREAT TIME . FANTASTIC
[00:55:02]
ENVIRONMENT. GOOD COMMUNICATION THAT IS BEEN GREAT ON THIS. I LOVE SEEING THAT. BECAUSE IT IS A LOT OF CHANGES. BUT SO FAR, EVERYTHING I'VE HEARD FROM THE COMMUNITY IS THAT THEY ARE EXCITED. A COUPLE OF GREAT EVENTS AT EACH HIGH SCHOOL.>> WILL THIS PRESENTATION BE ON OUR WEBSITE? THANK YOU.
>> OKAY. THANK YOU. >> THANK YOU.
>> MOVING ON TO 2025 BUDGET ORDER.
>> THERE IS ABSOLUTELY NO WAY I CAN TOP THAT. I WILL EVEN TRY.
OTHER THAN TO SAY, I'M REALLY PROUD TO BE AN EMPLOYEE AT HSE SCHOOLS. THAT IS IMPRESSIVE STUFF. CAN YOU BRING UP THE PRESENTATION, PLEASE? THANK YOU SO MUCH. VERY BRIEF. I HAVE BEEN BEFORE YOU IN THE BUDGET PROCESS TALKING ABOUT WHAT WE THOUGHT WOULD HAPPEN. I AM HAPPY TO CONFIRM EXACTLY WHAT WE THOUGHT, TO THE MOST PART, HAPPENED. FOR MY BUDGET PRESENTATIONS ON THE LEFT WE ADVERTISE THE BUDGET HIGH TO PROTECT OURSELVES IN CASE SOMETHING NEEDS TO CHANGE. IN RED YOU SAW WHAT I PREDICTED WOULD HAPPEN. IN BLACK IS EXACTLY WHAT HAPPENED. THE KEY AN EMPHASIS I WILL MAKE TODAY IS THE TAX RATE IS EXACTLY AS WE SAID IT WOULD BE, WHICH IS LEVEL, THE 2024 TAX RATE IS THE 2025 TAX RATE. THERE ARE SOME SLIGHT CHANGES IN MISCELLANEOUS REVENUE AND THINGS THAT ADJUST THESE BY A COUPLE OF PENNIES. AND SPECIFIC FUNDS. BUT THE MOST IMPORTANT AND RESULT IS LEVEL TAX RATE FOR 2025. THE BUDGET ORDER IS ON THE WEBSITE. IS ALSO ON THE DL JF WEBSITE AS WELL. IMPORTANT BUT A CLOSURE TO THE BUDGET PROCESS.
>> THANK YOU. LIVING ON TO DEMOGRAPHIC STUDY AND REPORT.
WE WELCOME DR. MCKIBBEN THIS EVENING. HE WILL DO A PRESENTATION. WE WOULD ASK THAT EVERYONE HOLD THEIR COMMENTS AND QUESTIONS UNTIL HE IS FINISHED WITH THIS
PRESENTATION. WELCOME. >> THANK YOU. TWO THINGS I WANT TO GO OVER BEFORE WE GET INTO THE RESULTS OF THE FORECAST.
VERY IMPORTANT. ONE, THESE ARE FORECASTS, NOT PROJECTIONS.
PROJECTIONS ARE WHERE YOU TAKE INVARIABLE, USUALLY YEAR-TO-YEAR SURVIVORSHIP OVER FIVE-YEAR PERIOD AND CREATE AN ALGORITHM AND USE THAT TO PROJECT INTO THE FUTURE. QUICK, EASY, SIMPLE, TO. UP UNTIL THE MID-1990S, ABOUT ALL YOU HAD IN THE WAY OF ENROLLMENT RESEARCH. THE PROBLEM WITH A PROJECTION IS THAT THEY ARE ALMOST ALWAYS NEVER CORRECT. THE ONLY WAY A PROJECTION COULD BE CORRECT IS WHAT HAS HAPPENED IN THE LAST FIVE YEARS REPLICATES ITSELF OVER THE NEXT FIVE OR 10. I DON'T KNOW ABOUT ANYBODY ELSE HERE, I HOPE I DON'T SEE THE LAST FIVE YEARS AGAIN IN MY LIFETIME. THESE ARE FORECASTS .
IT'S A TWO-STEP PROCEDURE. THE FIRST IS A FULL POPULATION FORECAST FOR ALL OF THE ATTENDANCE AREAS. FERTILITY, MORTALITY, IMMIGRATION MODEL SPECIFIC TO THAT AREA'S DEMOGRAPHIC DYNAMICS. THE RESULTS OF A POPULATION FORECAST THEN DRIES THE ENROLLMENT FORECAST. YOUR CURRENT AND FUTURE DEMOGRAPHIC COMPOSITION DYNAMICS THAT DICTATE YOUR ENROLLMENT, NOT YOUR PAST TRENDS. THE SECOND THING, AND IT WAS EQUALLY IMPORTANT, DON'T LET DAPHNE, ALABAMA FOR YOU. I WAS BORN AND RAISED IN INDIANA. I WENT TO CARROLL HIGH SCHOOL . USED TO BE FOR ABOUT SIX YEARS BACK IN THE '80S AND '90S. MY DOCTORAL DISSERTATION WAS ON DEMOGRAPHICS. IT WOULD CURE ANY CASE OF INSOMNIA. OVER 150 DISTRICTS IN MY 35 YEAR CAREER. ABOUT 3000 IN THE OTHER 38 STATES WE WORKED AT. ANY TIME YOU'RE DOING FORECASTS, YOU HAVE TO HAVE ASSUMPTIONS. THESE ARE BROAD AND SOCIOECONOMIC DEMOGRAPHIC PARAMETERS THAT WE USE IN BUILDING OUR MODELS. I WILL GO THROUGH ALL OF THEM. I WON'T GO -- I WILL GO THROUGH THE BIG FOUR. THE FOUR ASSUMPTIONS THAT HAVE THE GREATEST PROBABILITY OF ERROR OR CAUSING ANY KIND OF ERROR IN THE FORECAST. NUMBER ONE, 30 YEAR FIXED INTEREST RATE STAYS BETWEEN 5% AND 7% FOR THE LIFE OF THE FORECAST. WHY IS IT SO IMPORTANT? IT DRIVES THE HOUSING MARKET. THIS MORNING WE ARE ABOUT 7.1 FOR 30 YEAR FIXED. AS A GENERATIONAL ISSUE IN HERE TOO, THOSE OF US WERE OLD ENOUGH TO REMEMBER THE '70S, '80S AND '90S WHEN THE FIXED-RATE WHAT -- FIXED RATE
[01:00:03]
WAS 10%, 12%. 7% SOUNDS PRETTY GOOD. HOWEVER, THE NEW GENERATION OF YOUNG HOMEBUYERS HAVE SEEN NOTHING BUT 3%, 4%, IN THE LAST 15 YEARS. 7% SOUNDS LIKE HIGHWAY ROBBERY. IF IT STAYS IN THIS RANGE, THE HOUSING MARKET SHOULD BEHAVE NORMALLY, OR AT LEAST RATIONALLY. KEEP THE HOUSING MARKET GOING. I DON'T THINK WERE GOING TO DROP BACK TO 4% OR 5% AGAIN. THAT WAS AN ABNORMALITY OF THE LAST DECADE.I WILL SAY THAT, IF FOR SOME REASON THE INTEREST RATE GOES TO 7 1/2, 8 1/2%, MY FORECAST WILL BE TOO HIGH. THE SECOND ONE , THIS IS THE STATE OF INDIANA, INDIANA IS THE ONLY STATE IN THE COUNTRY THAT HAS TRANSFERS, CHARTERS, VOUCHERS , VIRTUAL ALL GOING ON AT THE SAME TIME. THE ONLY GOOD THING ABOUT THAT IS THAT INDIANA HAS THE BEST STUDENT TRACKING SYSTEM IN THE COUNTRY, BAR NONE, BECAUSE THE MONEY IS ATTACHED TO THEM. WE ASSUME IN THESE FORECASTS A NEGATIVE NET 1900 STUDENTS TRANSFERRING OUT OF THE DISTRICT ANNUALLY. WE HAVE YOUR DATA BACK FOR THE LAST SEVEN YEARS THAT WE PULLED FROM THE STATE. YOU SEEN A SLIGHT INCREASE THE LAST COUPLE OF YEARS AS THEY INCREASED THE VOUCHER LIMITS TO $226,000 A YEAR FOR HOUSEHOLD INCOME. 97% OF ALL HOUSEHOLDS IN THE STATE WITH CHILDREN NOW QUALIFY FOR VOUCHERS, PRETTY MUCH 100% SATURATION. YOUR DISTRICT, LIKE MOST OTHERS, LAST YEAR AND THIS YEAR SAW A JUMP IN YOUR NET TRANSFER RATE. I BELIEVE THAT IS A BIT INFLATED, BECAUSE I THINK THE STATES NOW GETTING PEOPLE APPLYING FOR VOUCHERS AND COUNTING THEM AS RESIDENT STUDENTS THAT WERE GOING TO PRIVATE SCHOOLS ANYWAY. IT HAS RAISED THE NUMBER. IT LOOKS LIKE IT IS GOING UP , BUT IN REALITY, IT IS NOT. THE DEMOGRAPHIC NUMBERS DON'T BACK UP THIS KIND OF INCREASE OF STUDENTS FLOWING OUT. I THINK THE 1900 IS STILL A SAFE NUMBER, EVEN THOUGH THE NUMBER THIS YEAR WAS ABOUT 2100. I WOULD CALL THAT INFLATION OF -- BECAUSE THE POOL HAS CHANGED DIFFERENTLY. THE OTHER TWO, WE EXPECT THE DISTRICT TO HAVE 560 NEW SINGLE-FAMILY HOMES BUILT ANNUALLY OVER THE NEXT 10 YEARS AND 2200 EXISTING HOME SALES .
I'M NOT WORRIED ABOUT THE 560. I THINK YOU WILL GET THOSE BUILT, PARTICULARLY WITH THE PLANT CONSTRUCTION GOING UP IN WAYNE TOWNSHIP. THE NUMBER I AM WORRIED ABOUT IS 2200. I DON'T THINK YOU'RE GOING TO MAKE IT THIS YEAR. MORE ON THIS WHEN WE GET TO THE POPULATION DISTRIBUTION. DURING COVID THE ELDERLY JUST STOPPED MOVING. THEY HAVE NOT STARTED BACK UP AGAIN. THE PEAK OF THE BABY BOOM IS 68 YEARS OLD THIS YEAR . THE FRONT END IS 78. WE SHOULD BE SEEING LARGE NUMBERS OF HOMES TURNING OVER . THEY HAVE NO PLACE TO GO. WE DID A HORRIBLE JOB IN THIS COUNTRY OF BUILDING ELDERLY HOUSING. A LOT OF MY PEERS, MY FRIENDS, ARE ALL TRYING TO DOWNSIZE. WE JUST DOWNSIZED LAST YEAR. WE MOVED FROM ROCK HILL, NORTH CAROLINA TO SPANISH FOR. WE BOUGHT A SMALLER HOUSE IN SOUTH ALABAMA.
TOOK ALL THAT MONEY AND 100,000 MORE TO BUY THE SMALLER HOUSE.
YOU MIGHT BE SITTING ON A TON OF EQUITY, BUT THE NEW PLACE TO GO TO IS GOING TO COST EVEN MORE. A LOT OF PEOPLE CAN'T DO THAT. AND THEY ARE NOT. A BIG THING ON ELDERLY MIGRATION, BECAUSE THAT DRIVES YOUR EXISTING HOMEWORK AND FOR THE MOST PART. YOU HAVE SOME PEOPLE THAT DO IT BEFOREHAND, BUT ELDERLY MIGRATION IS IN TWO PARTS. EARLY OR VOLUNTARY.
USUALLY IN THE 60S, HUSBAND AND WIFE ARE STILL RELATIVELY GOOD HEALTH, HIGH SOCIOECONOMIC CLASS. THESE ARE THE ONES YOU HEAR SO MUCH ABOUT THE GO TO MYRTLE BEACH, FLORIDA, TEXAS, ARIZONA OR WHATEVER THE CASE MAY BE. THEY ARE VOLUNTARILY MOVING. THE PROBLEM IS THAT THAT IS ONLY ABOUT 50% OF THE MIGRATION. THE REST OF IT IS OVER 70%. IT IS CALLED INVOLUNTARY MIGRATION. IT IS DUE TO EITHER THE DEATH OF ONE OF THE SPOUSES OR THEY BOTH LOSE THE ABILITY TO DRIVE. ONE THING ABOUT LIVING IN THIS AREA, YOU HAVE TO HAVE A CAR TO
[01:05:01]
GET AROUND. THAT IS GOING INTO THE 70S. AS YOU SEE MORE AND MORE POPULATIONS IN THE 70S, THEY ARE GOING TO HAVE TO INVOLUNTARY MOVE IF THEY LOSE A SPOUSE OR THE ABILITY TO DRIVE.IT WILL BE MORE FORCED MIGRATION. ON THAT NOTE, IT IS NOT WHERE IT IS SUPPOSED TO BE -- OKAY. WE WILL COME BACK TO THAT ONE. THE NUMBER ONE PREDICTOR VARIABLE FOR POPULATION CHANGE IS NOT FERTILITY, MORTALITY OR MIGRATION, IT IS AGE. THIS IS AN EXAMPLE FROM SOUTHWEST ALLEN. 024 IS PRESCHOOL, FIVE THROUGH NINE ELEMENTARY, MIDDLE SCHOOL, HIGH SCHOOL, 20 TO 34 YEARS OLD, FAMILY FORMATION AGES, 80% OF ALL BIRTHS OCCUR BETWEEN THE AGES OF 20 AND 34 YEARS OLD. WHEN YOU LOOK AT CHANGES IN NUMBER OF BIRTHS, PARTICULARLY IN A SMALL AREA, IT IS NOT CHANGES SO MUCH IN THE BIRTHRATES, BUT THE NUMBER OF CHILDBEARING AGE. DESPITE WHAT YOU READ IN THE POPULAR PRESS, BIRTHRATES IN THE U.S.
HAVE NOT CHANGED THAT MUCH IN THE LAST 50 YEARS. THEY HAVE STATE A NICE TIGHT 20% BETWEEN 1.6 AND 2.0 PER HOUSEHOLD. THE FERTILITY RATES ONE ABOUT 1.79 RIGHT NOW. BUT WHEN YOU SEE A CHANGE IN BIRTH, IT IS USUALLY DUE TO HOW MANY WOMEN BETWEEN THE AGES OF 30 AND 34 YEARS OLD. 35 TO 54 ARE THE AGES MOST OF THEM HAVE KIDS IN SCHOOL. THERE ARE EXCEPTIONS. I WAS 58 WHEN MY SON GRADUATED HIGH SCHOOL. NOBODY TOLD ME WHAT A NICE WELL BEHAVED GRANDSON I HAD. 55 TO 69 IS CALLED THE EMPTY NEST HOUSEHOLD. THAT IS CONFUSING FOR PEOPLE. YOU HAVE THE SMITH FAMILY DOWN THE ROAD THAT IS BEEN LIVING THERE FOR 20 YEARS. 10 YEARS AGO THERE WAS MOM, DAD AND TWO KIDS. BUT NOW, THE KIDS HAVE GROWN UP AND HAVE MOVED AWAY. SAME HOUSE, SAME HOMEOWNER, BUT INSTEAD OF FOUR PERSONS PER HOUSEHOLD, YOU NOW HAVE TWO. YOU WILL PROBABLY SEE NO MORE KIDS COMING OUT OF THAT HOUSING UNIT UNTIL THE PARENTS SELL THE HOUSE, MOVE AWAY AND A YOUNG HOUSEHOLD MOVES IN. 70 AND OVER IS THE TURNOVER . THE HOMEOWNERSHIP RATE AND AGE OF THE POPULATION OVER THE AGE OF 70, THAT IS A GOOD MEASUREMENT TELLING ME HOW MANY HOUSEHOLDS ARE GOING TO GO ON THE MARKET IN THE NEXT 10 YEARS. THIS IS HAMILTON SOUTHEAST 2010. YOU CAN SEE THE CLASSIC HOURGLASS FIGURE NOTICE THE 0 TO 4 DEFICIT HERE. 2010 GOING FORWARD, IF NO ONE MOVED IN, YOUR ELEMENTARY ENROLLMENT WOULD DROP ABOUT 500 STUDENTS THE FIRST FIVE YEARS, NOT BECAUSE OF OUTMIGRATION, BUT SMALLER COMING IN. VERY FEW PEOPLE IN CHILDBIRTH EACH. THE BULK OF THE POPULATION IS IN THE 30S AND 40S. 10 YEARS LATER , WHAT HAPPENS? EVERYBODY GETS 10 YEARS OLDER. EVEN FEWER PEOPLE IN THEIR 20S, A BIGGER DEFICIT HERE, AND THE BULK OF THE POPULATION IS NOW EMPTY NESTING. EXPAND YOUR DEFINITION OF EMPTY NESTING.
TRADITIONALLY, WE THINK OF IT WHEN THE LAST KID GRADUATES HIGH SCHOOL. YOU COULD BE EMPTY NEST OF PRESCHOOLERS. PRESCHOOL AND ELEMENTARY. ELEMENTARY AND MIDDLE SCHOOL. A LOT OF PEOPLE HERE IN THEIR 40S AND 50S PROBABLY HAVE SCHOOL-AGE KIDS, BUT THEY DON'T HAVE THE PRESCHOOL KIDS. YOU SEE THIS EFFECT AS YOU GO THROUGH . YOU DON'T HAVE TO BE A RHODES SCHOLAR TO FIGURE OUT 10 YEARS FROM NOW THESE PEOPLE ARE IN THEIR LATE 50S AND EARLY 60S, AND YOU WILL HAVE A VERY RAPID INCREASE IN YOUR EMPTY NEST HOUSEHOLD IN THE NEXT 10 YEARS.
YOU'RE GOING TO HAVE AN INCREASE OF PEOPLE LIVING IN THE TURNOVER AGES AND SELLING THEIR HOMES , BUT THE RATE OF THOSE EMPTY NESTING IS GOING TO BE FASTER THAN THAT GOING IN THEIR 70S. NOW BETWEEN 2025 YOU WOULD NEED PRETTY CLOSE TO 2000 CHILDREN FOR BETWEEN 2016 AND 2020 MOVING IN YOU DID THAT. A LOT OF HOME BUILDING. PEOPLE BUYING HOMES HERE. WHY IS THE ENROLLMENT NOT GROWING? YOU HAVE TO FILL THIS DEFICIT FIRST. THIS IS A DISTRICT AVERAGE. I HAVE A COUPLE OF EXAMPLES HERE OF SOME OF THE OTHER ELEMENTARY AREAS. FALL CREEK, ONE WITH A LOT OF BUILDING. ARE THE PEOPLE THAT
[01:10:01]
MOVED IN AND BROUGHT THEIR KIDS WITH THEM, BUT THERE ARE NO APARTMENTS OUT THERE. HUGE PRESCHOOL DEFICIT. UNLESS THERE IS BUILDING GOING ON IN THE FALL CREEK AREA, THAT ENROLLMENT IS GOING TO START DROPPING BECAUSE YOU DON'T HAVE ENOUGH BIRTHS. CONVERSELY, YOU LOOK AT FISHERS, WHICH HAS A HIGHER RATE OF APARTMENTS AND MUCH MORE EVEN DISTRIBUTION OF POPULATION, NO DEFICIT. THEY DON'T NEED BUILDING. THEY JUST NEED SOME IN MIGRATION TO MAINTAIN THEIR MOMENT. GUIST , WHICH WAS BUILT FOR A WHILE, NOW YOU ARE SEEING THE BIG POPULATIONS GOING INTO THEIR 50S. AGAIN, VERY FEW PEOPLE IN APARTMENTS. YOU'RE SEEING A RATHER LARGE COHORT GRADUATING AT A HIGH SCHOOL AND MIDDLE SCHOOL. A LOT OF HOW SCHOOLS -- HIGH SCHOOLS HAVE SCHOOL-AGE KIDS, BUT THEY'RE ALL INTERMEDIATE, AND HIGH SCHOOL. VERY FEW ELEMENTARY AND PRESCHOOL. FINALLY HERE, PARKWAY. AGAIN, YOU HAVE THE EVEN DISTRIBUTION. THIS IS ALWAYS A POINT THAT I REDRAW SCHOOL JUSTICE. YOU HAVE TO KEEP AN EYE ON WHAT KIND OF COMPOSITIONS YOUR HOUSEHOLD AND DEMOGRAPHICS ARE. IT MAY MAKE PERFECT SENSE RIGHT NOW TO DO IT, IT MAY BE LUDICROUS TO DO IT FIVE OR SIX YEARS FROM NOW. YOU WANT TO PUT AREAS LIKE LIKE A LOT OF HOMEOWNERSHIP WITH VERY FEW PEOPLE IN THEIR 20S.TRY TO GET AWAY FROM THAT HOURGLASS SHAPE OF YOUR POPULATION DISTRIBUTION. THIS IS ALL FROM THE 2020 CENSUS.
THE DISTRICT TOOL AT THE BOTTOM , 42% OF HOUSEHOLDS UNDER 18 POPULATION AND DROPPING EVER SINCE. MAY ALSO PUT THIS UP TO SHOW A WIDE RANGE , YOU KNOW, YOU CAN'T TAKE DISTRICTWIDE TRENDS AND APPLY THEM TO ALL YOUR AREAS. YOU HAVE ABOUT EVERY DEMOGRAPHIC TREND IN THE COUNTRY GOING SOMEPLACE IN THE SCHOOL DISTRICT. YOU CAN SEE UNDER 18 YOU HAVE SOME IN THE 50S, YOU HAVE SOME DOWN IN THE 30S. PERSONS PER HOUSEHOLD , ACTUALLY AN IMPORTANT FACTOR , 2.76 FOR DISTRICT AVERAGE. VERY CRUDE MEASUREMENT HERE. MOM, DAD, THE POINT IS KIDS. WHEN YOU SEE CHANGES IN HOUSEHOLD SIZE, DIFFERENCES, IT USUALLY REFLECTS DIFFERENCES IN THE UNDER 18 POPULATION. A GREAT EXAMPLE OF THAT, LIKE MOST AREAS IN THE UNITED STATES, THE LAST DECADE IN 2010 THE AVERAGE HOUSEHOLD SIZE PER DISTRICT WAS 2.79. SO IT IS DOWN. ZERO.03 SOUNDS MENISCAL UNTIL YOU MULTIPLY IT BY THE HOUSEHOLDS. OF THE HOUSEHOLD SIZES STAYED THE SAME, THEY WOULD HAVE COUNTED ABOUT 1200 MORE PEOPLE IN THE CENSUS. ALMOST ALL OF THEM WOULD'VE BEEN UNDER THE AGE OF 18. SO YOUR POOL OF CHILDREN , SCHOOL-AGE CHILDREN, WAS DROPPING . GREAT NUMBER FROM THE 2020 CENSUS. U.S. GREW 22 MILLION PEOPLE LAST DECADE , BUT THE UNDER 18 POPULATION DROPPED BY 1 MILLION. HOW IS THAT POSSIBLE? BIRTHS THROUGHOUT THE COUNTRY HAVE BEEN DROPPING THE LAST 15 YEARS. COMING HOME TO ROOST. BUT WITHIN YOUR ATTENDANCE AREAS, YOU HAVE SOME AREAS , FALL CREEK 3.3. A LOT OF HOUSEHOLDS MOVING IN. NEW HOUSES BRINGING KIDS WITH THEM.
CONVERSELY, FISHERS IS 2.22. AN EXTRAORDINARILY WIDE RANGE OF HOUSEHOLDS. HOMEOWNERS, 46%, THAT IS DROPPING. GOOD NEWS IS THAT IS UP OVER 18% NOW. YOUR POOL OF AVAILABLE HOUSEHOLDS THAT COULD POSSIBLY TURN OVER THE NEXT 10 YEARS WILL BE GOING UP. HOMEOWNERS VERSUS RENTERS, . THIS IS AN UNDERAPPRECIATED VARIABLE. OWNERS AND RENTERS HAVE TWO COMPLETELY DIFFERENT DEMOGRAPHIC DYNAMICS. RENTERS TEND TO BE YOUNGER OR POOR.
STILL FORMING THEIR FAMILIES. IF THEY HAVE KIDS, THEY HAVE A LOT OF PRESCHOOLERS. THEY MOVE AN AVERAGE OF EVERY TWO YEARS.
HOMEOWNERS , OLDER, HAVE COMPLETED THE FAMILY FORMATION.
[01:15:06]
IF THEY HAVE KIDS, MOST OF THEM ARE SCHOOL AGE. RELATIVELY FEW PRESCHOOL. THEY MOVE AN AVERAGE OF EVERY 15 YEARS. AGAIN, 77% , A WIDE RANGE. YOU LOOK AT FISHERS, CUMBERLAND ROAD , THESE ARE AREAS WITH A LOT OF APARTMENTS. IF YOU LOOK IN YOUR REPORT, THOSE ARE THE ONES THAT ARE MORE PILLAR SHAPED. IF YOU GO TO THE ONES IN FALL CREEK, GEIST, SOUTHEASTERN, THEY HAVE MORE OF THAT HOURGLASS SHAPE. MORE HOME OWNERSHIP AND MOVING AT THE SAME TIME. YOU SEE STRONG CORRELATION BETWEEN THE VARIABLES. 20% ARE SINGLE PERSON HOUSEHOLD. THAT IS LOW.MOST SCHOOL DISTRICTS ARE SOMEWHERE IN THE HIGH 20S. BUT YOU ONLY HAVE 6% SINGLE OVER AGE 65. THIS IS A GOOD APPROXIMATION FOR SHORT-TERM TURN OVER FOR OVER 65 POPULATION. THIS IS MY FAVORITE DATA FROM THE 2020 CENSUS. THEY COUNT THE INDIVIDUAL YEAR OF AGE BY ATTENDANCE AREA. ACROSS THE BOTTOM IN 2020 THE FIVE ROLES , THAT IS KINDERGARTEN.
-- FIVE-YEAR-OLDS , THAT IS KINDERGARTEN. IN THE 2024 DATA, THESE ONE-YEAR-OLDS ARE NOW FIVE YEARS OLD. WE CAN SEE THE ACTUAL COUNT OF WHAT THE BASE COHORT SIZE IS BY ATTENDANCE WE START BUILDING OUR MODELS. LOOK AT THE TOTAL. FIVE-YEAR-OLDS, THESE ARE PROBABLY NOW FOURTH-GRADERS NOW. 1800 STUDENTS, 1900 1906-YEAR-OLD, 1600, 1500, 1296. THAT IS THE DEFICIT. YOU CAN SEE YEAR-TO-YEAR CHANGES . TAKE FISHERS, THERE THAT'S THEY STAY RELATIVELY CONSTANT. THERE WAS NO PRESCHOOL AGE DEFICIT. CONVERSELY, GEIST, 146, 38, 39, 141, 81. THAT IS NOT A TYPO IN SOUTHEASTERN. A SMALL TINY COHORT COMING IN. IT POPS BACK UP THE NEXT YEAR. WE CAN PUT YEAR-TO-YEAR VARIATIONS. WE ARE NOT OVERGENERALIZING THAT IN ENROLLMENT TRENDS. IT TELLS YOU HOW MUCH IN MIGRATION YOU NEED PER YEAR BY GRADE JUST TO BREAK EVEN. WHEN PEOPLE SEE NEW HOUSEHOLDS MOVING IN , EITHER NEW OR EXISTING, THEY EXTENSIVELY WANT TO ADD IT TO WHAT THEY ALREADY HAVE. NOT REALIZING THE BASE COHORT COMING IN ARE SMALLER. YOU MUST FILL IN THE DEFICIT FIRST, THEN YOU CAN GROW. FOR YEARS, DECADES, YOU HAD MORE THAN ENOUGH IN MIGRATION TO DO IT.
NOW THE COHORT GRADUATING ON INTO INTERMEDIATE AND LEAVING THE HIGH SCHOOL LEVEL IS GETTING SO LARGE IT IS ALMOST IMPOSSIBLE. CARMEL WENT THROUGH THIS ABOUT EIGHT YEARS AGO.
THERE ABOUT EIGHT HERE IS -- EIGHT YEARS AHEAD OF YOU IN THE DEMOGRAPHICS. YOU SEE THIS CURVILINEAR FLOW. ALL SCHOOL DISTRICTS GO THROUGH THIS. NONE OF THEM GROW FOREVER. YOU ARE AT THE PEAK OF THE CURVE HERE. WE ALSO CREATE A MARKET SHARE .
THE NUMBERS IN RED ARE FIRST GRADE ENROLLMENT. IN 2020 YOUR FIRST GRADE ENROLLMENT WAS 1543, AND THAT WAS 70 8.6% OF YOUR TOTAL COHORT SIZE. WE TRACKED THIS THROUGH TIME. IF THE PERCENTAGES GO UP, THAT IS THE END MIGRATION. IF THEY GO DOWN, IT IS OUTMIGRATION OR A TRANSFER. YOU CAN SEE CONSISTENTLY EACH GRADE THE PERCENTAGES GO UP. NO SCHOOL DISTRICT GETS 100% OF THE STUDENTS THAT LIVE THERE. THEIR PRIVATE, CHARTER, YOU KNOW, PAROCHIAL SCHOOLS INDIANA HAS TRANSFERS ON TOP OF THAT. BUT IF IT GOES UP THE PROBLEM IS , LIKE FIRST GRADE THIS YEAR, 88% , 70% -- 78% KINDERGARTEN . THE
[01:20:11]
1345 IS 88% , DOWN HERE IT IS 95% OF 1640. THE COHORT SIZES ARE SHRINKING. YOU ARE GETTING A BETTER PERCENTAGE THAN OTHER YEARS WITH A SMALLER COHORT. YOU HAVE A REAL SMALL ONE COMING IN NEXT YEAR, ABOUT 1300. TO BREAK EVEN, YOU WOULD NEED TO HAVE AT LEAST 250 STUDENTS BORN IN THE YEARS 2020 MOVING IN JUST TO BREAK EVEN. THAT IS A LOT OF MIGRATION. YOU HAVE TO HAVE IT. YOU CAN'T GO BACK AND HAVE MORE BIRTHS THAN PREVIOUS YEARS. YOU HAVE TO MAKE UP FOR IT IN MIGRATION. I MIGHT GO BACK TO THE ONE IN THE WRONG PLACE. OKAY. THIS ONE.EVERY ATTENDANCE AREA HAS A POPULATION FORECAST. THIS IS THE ONE FOR DISTRICT TOTAL. THERE ARE TWO WAYS TO READ THIS. YOU CAN AGE GROUP OVER TIME, ELEMENTARY , -- OR FOLLOW THE AGE COHORT OVER TIME. MEDIAN AGE , HALF THE POPULATION IS OLDER AND HALF IS YOUNGER. LIKE EVERYWHERE ELSE IN THE COUNTRY, YOU SEE THE MEDIAN AGE GO UP AS THE POPULATION AGES. VERSE DON'T CHANGE THAT MUCH. PRETTY CONSTANT. THE DEATHS GO UP, NOT TO TO COVID, BUT DUE TO AN AGING POPULATION. YOU HAVE MORE PEOPLE PRIME DYING AGE. THESE DEFINE PRIME DYING AGES , ANYBODY OVER THE AGE OF 65. NOW THAT I AM 69, IT IS 80. NEXT MIGRATION. AMONG YOU YOU WOULD SAY, WE'RE GOING TO HAVE MORE THAN 4000 PEOPLE MOVING IN IN 2025. YOU ARE RIGHT, THIS IS NET MIGRATION. THE BIGGEST MIGRATION FLOWS ARE IN THE AGES 25 TO 44 AND ZERO THROUGH NINE.
YOUR BIGGEST OUTMIGRATION FLOWS ARE 18 TO 22-YEAR-OLDS AND PEOPLE OVER THE AGE OF 70. SO YOU HAVE ABOUT 14,000 COMING IN AND ABOUT 10,000 GOING OUT. THE NET EFFECT IS 3960. THAT STAYS FAIRLY CONSTANT, EVEN THOUGH YOUR HIGH SCHOOL AND OUTMIGRATION IS GOING TO INCREASE A LITTLE BIT WITH 12TH GRADE CLASSES AND MORE 70-YEAR-OLDS MOVING OUT.
POPULATION GROWTH . NOT BAD. NOT AS FAST AS YOU HAD THE LAST COUPLE OF DECADES, BUT YOU'RE RUNNING OUT OF SPACE. ONLY WIDE OPEN SPACE YOU HAVE LEFT TO BUILD IS WAYNE TOWNSHIP. THAT WILL BE DEPENDENT UPON HOW THE GOOD FOLKS IN THE TOWN OF NOBLESVILLE DECIDE HOW THEY WANT TO BUILD THAT UP. YOU WON'T HAVE ANY CONTROL OF THAT. RIGHT NOW, THEY SEEM TO BE BUILDING -- ENROLLMENT FORECAST. THE ANALYSIS I LIKE TO USE HERE IS A BUCKET OF WATER. I'M POURING WATER ON THE TOP. THERE'S A HOLE IN THE BOTTOM. AS LONG AS I'M POURING IN FAST, THE LEVEL WILL GO UP. IF FOR SOME REASON THE HOLE IN THE BOTTOM GETS BIGGER AND IT RUNS OUT FASTER THAN I POUR IN, THE LEVEL WILL DROP. ONCE THE SIZE COMING IN, ONCE THE SIZE OF 12TH GRADE COHORTS GOING OUT. OVER THE LAST FIVE YEARS YOUR HIGH SCHOOL 12TH GRADE CLASSES AVERAGED ABOUT 1766. THAT IS GOING TO BE ABOUT 1817 MOVING FORWARD, ABOUT 50 MORE A YEAR.
JUST TO MAINTAIN THE SAME GROWTH RATE, YOU WOULD HAVE TO HAVE 50 MORE STUDENTS COMING IN K THROUGH ONE JUST TO BREAK EVEN. YOU HAVE BIGGER COHORTS GOING OUT. AS YOU WILL NOTICE HERE, THE FIRST COHORTS AREN'T DROPPING THAT MUCH. THE PROBLEM IS ALL OF THIS IN MIGRATION OF HOUSEHOLDS MOVING INTO THE
[01:25:03]
HOUSES, YOU WILL HAVE A LOT OF HOUSES BEING SOLD AND STILL BE BUILDING HOUSES. IT IS GOING TO BE TAKEN UP BY FILLING IN THE PRESCHOOL DEFICIT. YOU DON'T HAVE ENOUGH BURSTS OUT HERE TO MAINTAIN ENROLLMENT. YOU ARE ABOUT 250 SHORT A YEAR. BEFORE ANYTHING ELSE HAPPENS, YOU NEED ABOUT 200 TO 250 PEOPLE MOVING IN WITH KIDS AND EACH BIRTH COHORT JUST TO BREAK EVEN. SOME OF THE ATTENDANCE AREAS WILL DO IT WITH ENOUGH HOUSING FAILED, AND MANY WILL NOT. THE DISTRIBUTION WILL CHANGE DRAMATICALLY BECAUSE OF THE DEMOGRAPHIC CHARACTERISTICS.YOU WILL NOTICE YEAR-TO-YEAR EACH OF THESE NUMBERS GO UP.
YOU HAVE A HIGH PROPORTION OF HOUSEHOLDS, PARTICULARLY THE HOMEOWNERS BUYING NEW PLACES , THAT HAVE COMPLETED THEIR CHILDBEARING IN A BRING IN ELEMENTARY AGE, INTERMEDIATE , MIDDLE SCHOOL. THE PROBLEM IS THAT THEY ARE NOT BRING IN A LOT OF PRESCHOOLERS. THAT IS WHAT YOU REALLY NEED. TWO DIFFERENT DYNAMICS. THOSE HOUSEHOLDS WITH PRESCHOOLERS TEND TO BE PREDOMINANTLY IN THE -- THE AGE OF 35. MEDIAN AGE OF FIRST BIRTH IN THE U.S. IS NOW 20 YEARS OLD. PUT THAT IN THE METRIC. THAT MEANS MEDIAN AGE OF MOTHER WHEN THE KID ENTERS SCHOOL, FIRST BIRTH IS 35. I HAVE OVERRUN MY TIME. I APOLOGIZE. I PROMISE TO 25 MINUTES AND WENT LONG.
QUESTIONS? >> WE WERE JOKING HERE A LITTLE BIT, BUT MAYBE THIS IS A THING. HAS THERE EVER BEEN A BIRTHING TAX INCENTIVE PLACED ON ANY CITY OR COMMUNITY?
>> I HAVE NEVER HEARD OF THAT. GREAT IDEA. I LIKE IT. BUT NOW ALL THE PUSH IS TO TRY TO RAISE THE FERTILITY RATE. THEY ARE PUSHING NOW TO GIVE PEOPLE MORE MONEY TO HAVE KIDS. THE FRENCH HAVE BEEN TRYING TO DO IT FOR 40 YEARS NOW WITH ALMOST NO SUCCESS. IT IS MUCH EASIER TO DROP FERTILITY THAN IT IS TO
>> A LOT OF IT IS DUE TO , IN THE U.S. AND IN EUROPE, FEMALE WORKFORCE PARTICIPATION AND EDUCATION LEVELS. AS BOTH GO UP, CHILDBEARING GOES DOWN BECAUSE YOU PUSH BACK THE AGE OF FIRST BIRTH. I DON'T SEE THOSE LEVELS DROPPING. AS IT CONTINUES TO GO UP, THE MEDIAN AGE 1ST BIRTH GOES UP. IF YOU START AT 21, A MUCH GREATER CHANCE OF HAVING FOUR OR FIVE KIDS. IF HE STARTED 28, ONE OR TWO IS ALL YOU CAN HAVE. MY WIFE AND I ARE BOTH PHDS AND HAVE ONE KID. ALL OF OUR PEERS HAVE ONE OR NONE. 18% OF ALL WOMEN IN THE BABY BOOM NEVER HAD A CHILD. ANOTHER 18% ONLY HAD ONE. THINK ABOUT THAT, ONE THIRD. THOSE NUMBERS ARE CONTINUING NOW IN THE NEXT COUPLE OF GENERATIONS. THEY MAY BE GOING UP WE REALLY CAN'T TELL THAT. IT IS GOING INTO THE 40S NOW. 30 TO 34 HAS NOW PASSED 20 TO 24 IN BIRTH RATES. TEENAGER SEVEN DROPPING . NOW
IT IS AS LOW AS THE LATE 30S. >> INTERESTING.
>> MORE INFORMATION THAN YOU WANTED.
>> YOU TALK ABOUT CARMEL GOING THROUGH THIS BEFORE. THEY WENT THROUGH THIS EIGHT YEARS AGO. THEY WENT THROUGH THE SIMILAR DECLINE EIGHT YEARS AGO. SIMILAR SITUATION WE ARE IN.
DID I HEAR THAT WRONG? >> I AM DOING A PRESENTATION FOR CARMEL NEXT MONDAY. THEY ARE BUILT OUT. THEY HAD THE SAME PROBLEM YOU HAD. ALL THE SCHOOLS IN THE EAST -- AND ALL THE IN THE WEST. THEY WOUND UP CLOSING A SCHOOL IN THE EAST IN BUILDING A NEW ONE IN THE WEST. THE WHOLE PURPOSE OF REDISTRICTING IS TO BALANCE THE DISTRIBUTION OF STUDENTS AND THE SEATS. THE PROBLEM YOU GUYS WILL HAVE, BECAUSE WHERE YOU WILL HAVE THE MOST NEW CONSTRUCTION IS FAR AWAY FROM WHERE YOUR EXISTING SCHOOLS ARE. THAT CHICKEN IS GOING TO HAVE TO COME HOME TO ROOST. THEY'RE STARTING TO AGE OUT.
THEY BUILT ALL THOSE NICE, WONDERFUL APARTMENTS IN TOWN -- AND TOWNHOUSES TO REVITALIZE. ENROLLMENT ACTUALLY DROPPED AGAIN. NONE OF THEM HAVE KIDS. GREAT FOR YOUNG PROFESSIONALS
[01:30:03]
STARTING OUT , SINGLE PERSON HOUSEHOLD, YOUNG MARRIED PEOPLE. THEY DO HAVE KIDS THAT ARE PRESCHOOLERS, BUT NO ONE REALLY WANTS TO RAISE A KID IN AN APARTMENT UNLESS THEY HAVE TO. THEY'RE GOING TO THE SUBURBS. ALL THESE BUILDINGS BROUGHT IN A POPULATION, BUT NO KIDS. THEIR POPULATION PYRAMID, THEY ARE ABOUT 10 IT -- YEARS OLDER THAN YOU GUYS. THEY WILL START SEEING MORE MORE TURNOVER PROBABLY THE REST OF THIS DECADE , PARTICULARLY OVER IN CHERRY TREE AND THAT AREA THERE. YOU ARE ABOUT 10 YEARS BEHIND THEM. YOU'RE GOING TO HAVE TO WAIT PROBABLY UNTIL THE MID-1930S, OR 2030S BEFORE A LOT OF YOUR AREA SEE LARGE-SCALE NUMBER OF HOMES TURNING OVER. THEY WILL EVENTUALLY. IT IS JUST WHEN ITWILL START. >> ARE YOU SAYING THE TIME I TO DO A REDISTRICTING IS PROBABLY GOING TO HAVE TO BE ABOUT EVERY FIVE YEARS ? WE ARE CONTRACTING, IF YOU WILL? I HAVE BEEN HERE 30 YEARS. I HAVE RAISED MY KIDS DURING THE BOOM , MASSIVE GROWTH AND BUILDUP. NOW WE'RE ON THE TAIL END . I STILL HAVE A 13-YEAR-OLD. WE ARE SEEING THE CONTRACTION OF THE DISTRICT. ARE WE GOING TO HAVE TO TRY TO NOW SHIFT AND
MOVE THINGS AROUND? >> WHEN WE DO REDISTRICTING, THE PRIMARY GOAL IS TO DRAW BOUNDARIES THAT WILL LAST FOR AT LEAST 10 YEARS. YOU ONLY GET ONE CYCLE THROUGH ALL THE WAY.
THAT IS IDEALLY. LITTLE TOUGHER WHEN YOU HAVE LOTS OF BUILDING IN HOME SALES AND THINGS LIKE THAT. THE PROBLEM IS THAT YOU WANT TO BALANCE THINGS BY HIS SCHOOL PERHAPS CITY -- CAPACITY. SOMEONE TO BALANCE BY SOCIOECONOMIC STATUS IF THEY HAVE A CONSENT DISCRETE, THEY HAVE TO RAISE ETHNICITY. A LOT OF VARIABLES FOR THE EQUATION. TRANSPORTATION MUST BE CONSIDERED IN THIS THING AS WELL. THE FUNDAMENTAL ONE IS, WHEN YOU BUILD THE BUILDING, YOU ARE STUCK WITH IT FOR 60 YEARS, FOLKS. THAT IS STATIC. BUT THE DISTRIBUTION OF STUDENTS ABS AND FLOWS. EVERY DISTRICT SHOULD PROBABLY WE DISTRICT ANY 10 OR 15 YEARS ANYWAY. SUCH A REPUGNANT PROCESS TO KICK THE CAN DOWN THE ROAD. THEY WILL PUSH IT OFF AND PUSH IT OFF. THE MORE YOU PUSH IT OFF, THE MORE KIDS YOU HAVE TO MOVE. CONVERSELY, THEY ARE DOING IT WRONG THE FIRST TIME BOWING TO POLITICAL PRESSURES AND NOT LOOKING AT DEMOGRAPHIC FACTORS, AND YOU SCREWED UP AND DO IT EVERY FOR FIVE YEARS. I SEEN DISTRICTS DO THAT TOO. BUT BASICALLY, REMEMBER, REDISTRICTING IS A BALANCED DISTRIBUTION OF SEATS AND STUDENTS. THAT IS THE FUNDAMENTAL REASON.
>> YOUR DATA IS FANTASTIC, BY THE WAY.
>> THANK YOU. >> APPRECIATE IT.
>> I AM FUN AT COCKTAIL PARTIES TOO. TO THANK YOU VERY MUCH.
>> NO ONE HAS ASKED, BUT I WILL TELL YOU ANYWAY, -- WE FORECASTED YOUR 428 BELOW WHAT I FORECASTED. ON A PERCENTAGE RATE, EXACTLY NOT BAD, 2/10 OF 1%. DECLARE VICTORY AND GO HOME. BUT WHEN WE DO OUR EVALUATIONS, I WANT TO KNOW WHY WHY AM I OFF BY THAT MUCH? I HAVE TO TELL YOU ABOUT PAT HARRIS MADISON. WE'VE BEEN DOING THEM FOR 20 YEARS. WE DO A CALCULATION EVERY YEAR. THREE YEARS INTO THEIR FORECAST I HAD THEM AT 12,420 STUDENTS. THEY CAME IN AT 12,000 -- PERFECT.
WORST THING THAT COULD'VE HAPPENED TO ME. NOW THE BOARD EXPECTS THAT SAME LEVEL OF ACCURACY FOR ALL FORECASTS.
NEXT YEAR I'M OFF BY NINE. THEY RAKED ME OVER THE COALS FOR IT. IT WAS HORRIBLE. DIG IN THE NUMBERS, AS FATE WOULD HAVE IT, YOUR REAL TRANSFER NUMBER IS ABOUT 400 HIGHER. WHAT IT WAS WAS 450 MORE TRANSFERRING OUT. THE MODELS HELD UP PRETTY WELL. PROBABLY THE WORST ASSUMPTION I'VE GOTTEN ON THE LIST IS THE STATE DOES NOT CHANGE THE VOUCHER OR THE TRANSFER LAWS AND ALL THAT, WHICH IS KIND OF A STUPID ASSUMPTION ON MY PART, BECAUSE THEY DO IT EVERY YEAR. THEY ARE DOING IT NOW. THEY HAVE THE 50% RULE FLOATING THROUGH.
REMEMBER, THE VOUCHER EXPANSION LAW IS SUPPOSED TO BE DOA IN THE SENATE AND CAME BACK TO LIFE, AND ALL THE SUDDEN, IT
[01:35:03]
HAS PASSED AND THEY ARE IMPLEMENTING IT. I DON'T TRUST THEM. BUT YOU KNOW, I HAVE TO ASSUME SOMETHING. BASICALLY, THE ERROR IS FROM THE TRANSFER RATES. I THINK THAT WILL STAY CONSTANT. MIGHT BE GOING DOWN A LITTLE BIT. YOUR NET IN AND OUT PUBLIC IS NOT CHANGE THAT MUCH OVER THE LAST SEVEN YEARS.REMARKABLY CONSTANT. ALL THE CHANGE HAS BEEN PUBLIC TO NONPUBLIC. I THINK THAT IS MORE PROBABLY DUE TO THE WAY THEY CHANGED THE RULES AND LAWS. I DON'T THINK IT IS ANYTHING WITH YOUR POLICIES OR THE DISTRICT. I THINK THE WAY THE LAW IS WRITTEN IS WHAT IS CAUSING YOUR ISSUE HERE. DON'T
TAKE IT PERSONALLY. >> CAN I HAVE ONE LAST QUESTION? YOU MADE REFERENCE TO SCHOOLS WHO DID NOT REDISTRICT OR DISTRICT CORRECTLY FROM THE GET-GO, AND OBVIOUSLY, YOU ARE ASTUTE IN THIS FIELD AND HAVE A LOT OF DATA, WHERE WOULD YOU SAY HSE FALLS IN THAT IN COMPARISON?
>> I DIDN'T DO YOUR LAST REDISTRICTING. I CAN'T COMMENT ON THAT. I COULD, BUT I AM NOT GOING TO.
>> ENOUGH SAID. THANK YOU. >> YOU KNOW. IT IS EXTRAORDINARILY DIFFICULT PROCEDURE, BUT I HAVE TO SAY, WHOEVER DOES IT, BE MINDFUL OF THE DEMOGRAPHIC COMPOSITION ISSUES. IF YOU ARE NOT, YOU ARE DOOMED TO FAIL. IT IS SO EASY TO, YOU KNOW, DEAL WITH THE NOW AND PRESENT , AND THIS IS THE ISSUE AND THE DAY. YOU HAVE TO BE FUTURE LOOKING WITH THESE THINGS. THAT IS THE BOARD ADMINISTRATION EFFORTS RESPONSIBILITY. MAY BE POLITICALLY UNPOPULAR, BUT THAT IS WHY THEY PAY YOU THE BIG BUCKS, FOLKS. YOU HAVE TO DO THAT KIND OF STUFF. YOU HAVE TO BE FORWARD-LOOKING. THERE ARE SOME ISSUES HERE. IT IS NOT ROCKET SCIENCE. YOU WILL SEE IT COMING. ONE THING I TELL PEOPLE WITH THESE FORECASTS, ALL THE STUDENTS RIGHT NOW YOU HAVE IN THE DISTRICT, THIRD-GRADE AND OLDER, ARE GONE . THIS FIRST GRADE COHORT RIGHT HERE IN 2031 , NOT EVEN BORN YET. YOU HAVE TO BE MINDFUL OF THE FUTURE ISSUES, BECAUSE THAT WILL BE YOUR DISTRIBUTION OF STUDENTS.
>> THANK YOU VERY MUCH. WE APPRECIATE IT.
>> IF YOU HAVE ANY OTHER FUTURE QUESTIONS OR ADDITIONAL QUESTIONS, I DON'T KNOW HOW HE DOES IT, BUT TIM CAN TRACK ME DOWN. I THINK THERE IS A HOMING DEVICE IN MY LAPTOP CASE OR SOMETHING. HE WILL PASS THEM ON TO ME. NEXT OCTOBER AND WILL DO THE FIRST EVALUATION. NOT A RECALCULATION, JUST AN EVALUATION. RECALCULATIONS COST MONEY. THANK YOU VERY MUCH.
>> THANK YOU. THAT ENDS THE MEETING TONIGHT. ANYONE HAVE ANY FURTHER COMMENTS? WE WILL ADJOURN THE MEETING.
>> I HAVE ONE THING. I JUST WANTED TO RECOGNIZE THAT WAS FEATURED IN THE NATIONAL INSTITUTE OF EXCELLENCE IN TEACHING. HE WAS FEATURED IN I THINK A TWO-PAGE SPREAD. I JUST WANTED TO CONGRATULATE HIM FOR THAT.
>> THANK YOU
* This transcript was compiled from uncorrected Closed Captioning.