Back from the School Board work session. In a nutshell...no layoffs. 91 positions will be eliminated through attrition. VRS and health insurance will continue to be funded- increases paid. The health insurance contingency fund will be used to meet those costs.
Without the County revenue (negative) match and without... the State VRS funding holiday, we would be in deep trouble. The VRS holiday will one day have to be paid back either locally or at a state level w/ 7.5% interest.
The budget for 2011-2012 looks very bleak right now looking into the future crystal ball.
More detail later after the VT/UConn game :)
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