[geeks] geeks Digest, Vol 86, Issue 11

[Lionel Peterson]

On Jan 21, 2010, at 9:04 PM, Phil Stracchino <alaric at metrocast.net>  
wrote:

> ...Or maybe just had the foresight to plan it ahead of need instead of
> leaving it until the last possible OMGWTFBBQ-desperate moment and  
> having
> to pay a premium rush price for whatever they could get?

Leaving money on the table waiting for it to be spent "several months  
later" commits the assets to a future use and prevents other  
profitable uses during those "several months".

Funding from the state though "promised" "committed," or "guaranteed"  
isn't always... And borrowing money for a public institution is non- 
trivial.

Here in NJ school districts were told 2 years ago to expect increases  
in funding contributions from the state for the next 5 years, flash- 
forward to today, and smart districts are planning for a significant  
reduction in aid from the state with no corresponding reduction in any  
mandates, requirements or even increased flexibility in re-figuring  
their budget allocations.

Lionel