Thursday, October 25, 2007

The Revaluation Letter

The letter which details the one time adjustment in the pension fund. Note, this is a one time adjustment and does not address the structural problems which will cause the state required school contribution to jump from 16.72% this year (2007/2008) to over 20% next year. For the Birmingham School District this will cost nearly $2.15 million or $266 per student - which state funding will not cover or support.

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