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Wistax on School Fund Balances
By Wisconsin School Administrators Alliance staff | October 14, 2014
?A couple weeks ago, Wistax released an issue of its newsletter, Focus?, devoted to a look at school fund balances. Given the political interest generated by the UW System fund balance controversy, it is surprising that the Wistax piece received such limited media attention.
You might recall that the SAA released two school fund balance documents for SAA members in its August 25, 2014 blog post. In their newsletter, Wistax makes many of the same major points that the SAA did in its work on school fund balances.
I want to leave you with an excerpt from the final section of the Wistax newsletter:
“. . . it is fair to say that many Wisconsin school districts have been building reserves to ensure future fiscal stability at a time of spotty economic recovery, divisive partisan politics, and boom-bust state budgeting. Ironically, the source of the latter is state government’s inability for years to build any meaningful budget reserves.”
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