
I thought only people in jail needed bailing out.
It appears colleges need it, too.
The California Senate approved a bail out for Compton Community College District.
The price tag - $30 million. Dang it! And I live in California, too.
In short, the Community college district was NOT going to be able to make salary without the state's help...so, the senate approved the huge wad of money necessary to keep them afloat.
Where was everybody when the school was digging itself into this hole?
Can you imagine a fopro getting bailed out in this manner?
It appears the college has had financial woes for several years. Yea...and why haven't they been resolved until now?
A special trustee took the realm in 2004, but still hasn't balanced the budget. Someone tell me why a budget cannot be balanced within two years?
Because of the financial mess of Compton College, they are in serious danger of losing their accreditation. If that happens they will need another bail out...someone to teach their classes for them.
Colleges and school districts should be mandated to meet budget. No matter what. End of discussion.
What do you think?








I have long thought that schools (primary and secondary as well) should be run like businesses. Just like the private sector, a school should have to have sound business practices, smart fiscal management and actually be able to produce results in order to stay viable and attract students.
Schools should have to compete just like businesses and the best schools will thrive, while those turning out an inferior product will "go out of business" just like in the real world. As you can imagine, I wouldn't be very popular in the teachers' lounge! :) ~Monica
Posted by: Monica Ricci | August 1, 2006 3:33 PM | Permalink to Comment