Stories indexed with the term ‘revenue enhancement’

AAPS Mulls Revenue Enhancement Proposals

Ann Arbor Public Schools Board of Education regular meeting (March 21, 2012): At its Wednesday evening meeting, trustees of the Ann Arbor Public Schools (AAPS) heard and discussed a variety of revenue enhancement proposals from the administration.

Christine Stead Ann Arbor Public Schools

Trustee Christine Stead directs a question to superintendent Patricia Green while trustee Glenn Nelson looks on. (Photos by the writer.)

The proposals ranged from digital billboards on district property to enrolling international students into the district. Board reaction to the proposals was mixed.

Trustee Christine Stead described the proposals as creative, but requested the opportunity to see “both sides of the ledger” – both revenue enhancements and cuts. Trustee Andy Thomas said he was “underwhelmed” by the revenue projections.

After a special briefing on a resolution to re-fund the 2004 Building and Sites Bond, the board unanimously approved the resolution. The re-fund, or “refinance,” of the bond would mean a slightly reduced millage rate for taxpayers. The re-funding will only go through if market conditions remain favorable. [Full Story]

AAPS Mulls Options to Increase Revenue

Ann Arbor Public Schools board of education study sessions (Dec. 8, 2010 and Jan. 19, 2011): As the AAPS school board begins planning for the 2011-12 budget cycle, it has devoted two recent study sessions to strategizing about how to respond to the structural deficit in Michigan’s education funding.

Christine Stead, Jane Landefeld

AAPS board member Christine Stead, left, with Jane Landefeld, who is director of student accounting for the district. (Photo by the writer.)

The first session, held in December, focused on affecting state funding through legislative advocacy, and resulted in board approval of a detailed set of education funding principles that will be presented to state lawmakers for their consideration. [.pdf of funding principles]

At the second session, held last week, trustees brainstormed potential routes toward enhancing revenue at the local level.

In addition to continuing to advocate for funding changes at the state level, options suggested for local revenue enhancement included: increasing private giving; securing additional grant funding; running another enhancement millage campaign; licensing school logos on apparel; improving customer service; leveraging business partnerships better; continuing to develop new programs; and allocating funding for more robust and targeted marketing strategies to increase enrollment.

Finally, the board also acknowledged the need for some spending cuts in addition to increasing efforts at revenue enhancement. [Full Story]