reply to post by paxnatus
I really went to digging because I see your posts and value them to read. So I wanted to be sure... Turns out Allen is a really good district in most
ways. 1,700 and some on reduced meals out of 19,000.. State scores all mid to high 90's.. Nice there... Aside from my sheer principles on schools
keeping sports and the lesson it demonstrates in perspective to the academics the school is built for.. I was thinking there wasn't too much to find
Then I found what would have been the single and sole point for me, on the whole debate, from the word go...if I'd gone reading their own district
financials before I replied the first time. I'll keep it direct because there was no joy in finding this and maybe making some point. This truth
doesn't leave anyone better off and, in time, it'll ruin the kids of that district.
First, perspective of the cost of this damn Stadium in construction costs and dollars as it was used elsewhere by this same District.
1. Construction of Elementary Schools #16 and #17. . . . . . . . . $42.4 million
4. Renovations/Upgrades to Existing School Facilities. . . . . . . . $76.6 million
5. Campus Security Upgrades . . . . . . . . . . . . . . . . . . . . . . . . . . $1.3 million
7. HVAC Renovations / Roof Replacements . . . . . . . . . . . . . . . $15.9 million
(Page 91 t.45)
Now all that sounds perfectly reasonable and even decent for issuing bond debt to accomplish The table which that and the next items come from is the
08/09 issuance of debt in future planning for the district. It's the next part...they went wild on.
1. Performing Arts Center $23.3 million
2. District Transportation / Student Nutrition Service Center $36.5 million
3. Multipurpose Stadium $59.6 million
(same source as above)
They also answer in the same section for the district budget, why it matters on first glance..
Allen District 2011/2012 Official
The state funding formula provides for two types of debt service support – the Instructional Facility Allotment (IFA) and the Existing Debt
Allotment (EDA). These allotments are both weighted to take into consideration the property wealth per student of the receiving districts.
The Legislature’s practice of rolling forward new debt into EDA ensures that Allen’s debt is equalized to the highest levels. However,the
District’s property wealth per student exceeds the maximum allowed for the EDA Program. As such, the District will not receive any EDA funding in
(and how much that ratio actually is)
The total outstanding debt (principal only) is $24,144 per student. The total amount of debt per student based on 2011/12 principal and interest is
Last but worst in this case...is what the upstanding adults running the District call acceptable and proper. This kind of thinking is why our whole
nation and many states are on the ragged edge of collapse. It really is...
It's a bit big. It comes from their budget, and shows entering 2012 with over 35 Million in debt. It shows a gradual payoff of debt (always assuming
they'll never borrow more..and all stays rosy to their projections of steadily increasing revenue) and that payoff doesn't come below 5 million
until the 2040/41 school year.
Now none of this is the least bit fair as debate points in reply. You couldn't possibly have known any of this...and I learned while making the
reply. I sure didn't see news stories mention a peep of this side to it.
Let's just keep sports in perspective, not eliminate anything, is my point. Everyone (in general
terms) seems to be 100% one side or the other
these days on almost every topic. Well, this stadium IS
100% to the absurd....but simply having a stadium for the whole district, at the High
School would't have been insane.
I'd just love to hear how they justify this cost. 42 Million was the budgeted cost of 2 Elementary Schools and another page goes into how they'll be
quite high tech and fancy too. All kind of green tech....which breaks down to 21 Million per. Well, the real cost budgeted to the Stadium in their
Budget is a bit over 22 Million. (The rest went to support, infrastructure and misc relating to it) Interesting eh?