Quick update from last night’s board meeting.
Last evening we recognized our staff with 20, 25, and 30 year longevity awards. Quite a large number of employees, and a shining example of a key piece of what makes our schools so strong. Many thanks to all of those that have dedicated so many years of their lives to caring for and educating our students.
On Day 7 (yesterday), FMSD surpassed the projected 16,000 mark for student population, with a year over year growth of 1165 new students. This is inline with our rolling 10-year facilities needs plan, though a little ahead of projections.
As of the close of business this Friday, FMSD will add TCES and BTMS to the list of schools with frozen attendance. They will overflow to PKES and FMMS respectively. Already frozen GHES overflows to PKES also, and DBES overflows to SFES. More freezes are to be expected until new schools are brought online in 2020 and 2021.
In other action, the board was able to lower the debt service recommended increase from 129 mils, as proposed with the 2018 bond referendum, to only 121 mils, due in part to taking significant draw-downs of our prior impact fee reserves. These reserves are traditionally used to help stabilize the millage rates from year to year. With the passage of the new impact fee ordinance , the board had hoped to keep it flat at the current 115 mils, however ongoing litigation has prompted us to find alternative methods to meet our bond repayment schedule in the interim. Being fiscally responsible enables the district to maintain the best interest rates for our taxpayers.