KISD to declare an emergency:
Keller school district officials are giving trustees what they call “tools” to have in their toolbox as they begin to build the budget for what looks to be a challenging 2010–11 fiscal year.
At the March 11 board meeting, administrators focused on two tools for dealing with a large expected shortfall, projected to be between $10 million and $15 million: an election to raise the tax rate and declaring a financial emergency.
“I think it will become really clear to you that you’ll need one or both of these tools to put together this budget,” Superintendent James Veitenheimer said.
While officials have discussed on several occasions the possibility of having an election to seek voter approval to raise taxes, last week was the first mention of declaring financial exigency — or emergency.
Financial exigency is a state of severe financial emergency or impending crisis that allows districts to terminate contract personnel through a reduction in force, Chief Financial Officer Kent Morrison said.
Last month, both Crowley and Fort Worth districts declared financial exigency, the latter for the second straight year. Just last week, Aledo school district announced that it would lay off 30 to 40 employees at the end of the current contract and cut teacher and administrator salaries by 5 percent. Aledo had an unsuccessful tax rate election last year but plans another one this fall.