Is MDUSD Again Headed for Major Financial Problems?

2 Responses

  1. Karl Haug says:

    Didn’t see any information about student headcount and cost per student

    • northgatecaps says:

      I apologize,I am not sure of the question? The headcount for MDUSD is approximately 32,000. The cost per student for what? Overall expenses? The point of the article is that once again MDUSD has made financial decisions without looking toward the future. They are now running a $25,000,000 – $30,000,000 per year deficit. Annual expenses are $25-30 million more than revenue each year. This is not sustainable. Superintendent Meyer said she was proud to reduce the $98,000,000 in reserves down to $11 million. We too believe that dollars should not sit in a bank when they can be in the classroom helping students but reducing a reserve with reoccurring annual expenses is irresponsible. Please know that in 2018-19 MDUSD is required by the County to have no less than 3% of projected expenses in reserve. This equates to over $10,000,000 in 2018-19. We are waiting to see how MDUSD adjusts their expenditures in the 2019-20 projected budget due to be presented at the June 12 MDUSD Board meeting. Please let me know if this answers your question or if you need additional information.