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In December 2016, the State Comptroller cited Jericho for circumventing the 4% statutory fund balance limit. The District agreed in writing. The very next year, manufactured surplus hit $17.9 million — the highest in 22 years. The per-pupil number on the District's slide doesn't account for any of it.
Jericho School District
A final word on the Capital Reserve con, and the board — every board, including this one — that keeps running it.
What the District Said, What the Presentation Revealed, and Why Board Oversight Is Required Before Any Next Steps
Portrait of a Graduate: What It Is, How We Got Here, and Why Local Oversight in Jericho Matters
Jericho PTA
Proposition #3 authorizes continuing the pattern. The March 26 board vote proved accountability is impossible.
Bond financing spreads costs fairly. The district has the financial capacity. The question is who should pay.
Before you vote to create a $20 million reserve funded by "surplus," understand where that surplus comes from
Spending Up 2.83%, Enrollment Down 7.3%, and Two Capital Propositions Totaling $24.7M