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Often school districts have rules on how money can be spent, e.g.: they wont use donations to pay for salaried employees as it creates a liability if they have
by i_am_ralpht 12y ago
Often school districts have rules on how money can be spent, e.g.: they wont use donations to pay for salaried employees as it creates a liability if they have a shortfall one year and have to pay to lay people off.
So that's why a lot of the donation money goes on interactive whiteboards and iPads, as well as hourly aides/TAs/etc (who might be subject to a limit on their hours...).
- ericd 12y agoInstead of feeding it through immediately to salaries, couldn't they create an endowment for themselves, and use it like a conservative retiree would use their retirement savings? (4%/year withdrawal rate). That way, they could use the money for what people really want it to be used for (more, and better teachers), and there wouldn't be very much risk of a shortfall.
- fargolime 12y agoI wouldn't support that myself. Where teachers get pensions they already make over $100K/yr all things considered. It's an important service but that's plenty for what they do.