What? said: December 23, 2008 9:41 pm PST
One more set of points to make that should scare every parent, school board member and employee of the EP school district.
1) The number of unemployed Minnesotan's will likely go up at least 10,000 more than it sits today next year.
2) That means @ 1,000 more unemployed EP taxpayers next year, which ends up meaning significantly less tax dollars for the school district.
3) Because at least another 10,000 Minnesotan's will not be employed in 2009, the state unemployment burden will significantly rise which means less tax payers dollars for everything else, including schools.
4) The amount of money lost in the stock market in 2008, will result in refunds for tax payers for both federal and state in 2009 when people file. These dollars that are "currently in the bank" are not even being talked about yet in terms of shortfall to start 2009.
With all that said, if we think a 10M shortfall expected in 2010 is a real problem, someone should seriously do the math for 2009.....10 million will seem like pennies against what's coming....