The Importance of Being Prepared

I think it is a bad policy for a school district to always spend 100% of its revenue. If a district operates without a surplus during times of economic growth, whenever the economy enters a recession, the district won’t have funds to supplement reduced income. When funds aren’t available, a district (or a state) becomes a headline.

Funding for gifted students summer program cut in 2010 state budget — baltimoresun.com