Chariho School Parents’ Forum

October 29, 2007

CR – explain please

Filed under: RYSE — Editor @ 8:34 pm

“Curious Resident,” as anyone visiting this blog or Hopkinton Speaks knows, is a prolific writer and appears to be pretty savvy finding date online.  He/she posted this on a previous chain:

With all the faux concern over the cost of the RYSE building, how could I have forgotten to add that cost to my calculations???

Revised –
In 2003-2004 estimated special needs costs to be $9,923,740 (without leased buildings).
In 2006-2007 I estimate special needs costs to be $12,493,355 (with leased building).

Special needs costs have risen by $2,569,615 or 25.9% the last three years.

CR, I’m going to put you on the spot.  Please explain how you got those numbers – no rush, just be thorough.  Considering that our special needs population has been reduced by approx. 28% during that time, a growth of 26% in total costs would mean per/pupil expenses had increased much more than that.  Let us know when you can- thx

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6 Comments »

  1. I explained the numbers in “Inflation – Chariho Style” post #5. To see the data I used this is the place. After the initial calculation, I realized I had left out the annual cost of leasing the RYSE buildings and issued the revised calculation in post #6.

    All the figures come directly from Chariho’s budget figures for the 2003-2004 school year and the 2006-2007 school year.

    My calculations do not include many budget items like Maintenance, Custodial Services, Supplies, Computers, Books, etc. I suspect that special needs costs have risen even higher than what I’ve calculated.

    The budgets numbers I used can be seen here:

    http://www.chariho.k12.ri.us/admin/budget07/operating_budget.pdf

    I’m not an accountant and welcome any clarifications or corrections. Mr. Petit have a fixation on proving me wrong, so here’s his chance.

    Comment by Curious Resident — October 29, 2007 @ 9:44 pm | Reply

  2. Mr. Hirst informed us on Hopkinton Speaks that Mr. Petit had a letter published in ProJo in support of the bond. Most of Mr. Petit’s letter was the usual propaganda and distortions we’ve seen here, but there were a couple of items of note.

    http://www.projo.com/ri/charlestown/content/SC_let1_30_10-30-07_2U7L0OG_v15.35968f4.html

    Mr. Petit claims that the legality of RYSE has been in question for “years”. I only became aware of it since reading here several months ago. I was wondering who complained “years” ago about RYSE legality? Or is Mr. Petit making things up again?

    Mr. Petit repeats his unsubstantiated claim that RYSE is cost effective, but predictably gives no numbers to back it up. He says the information can be obtained through Mr. Ricci’s office. If these figures are so easy to come by, why didn’t Mr. Petit include them in his letter? He would have saved people a wasted phone call.

    As we know, nobody in the administration has given a detailed accounting of RYSE/Special Needs budget expenses. I wish Mr. Petit had directed ProJo readers here since the informal analysis I conducted on the cost of RYSE/Special Needs is the closest thing to an actual accounting that voters will be able to find. Of course, Mr. Petit doesn’t want people to know the truth, so I guess having them call Mr. Ricci’s office would serve his purpose.

    Two other letters appeared with Mr. Petit’s. One from Mr. Grimes, Chariho Athletic Director, teling us we don’t spend enough on his department.

    The other from Ms. Carney of Charlestown concerned about the precedent set should Charlestown voters approve a bond where cost is split evenly between the towns. Ms. Carney’s letter provides yet another huge reason for Hopkinton to reject this bond.

    The bond links us with Charlestown and Richmond for at least another 20 years. Both Charlestown and Richmond have demonstrated lack of restraint as it pertains to operational budgets. Hopkinton only has a voice as a town when it comes to bonds. Chariho budgets are approved by a majority vote regardless of town. With passage of this bond, Hopkinton will have no control over unrestrained budget growth for at least another 20 years.

    Charlestown (and apparently Richmond) can afford to throw gads of money into Chariho budgets, regardless of results. Hopkinton is powerless to stop this established trend and approving the bond removes any tiny bit of leverage we have. Until each town feels the pain of budget growth equally, then we shouldn’t approve any bonds that will lock us into Chariho for years to come.

    Comment by Curious Resident — October 30, 2007 @ 2:16 pm | Reply

  3. Actualy I liked the information Tom Buck presented to the School Board recently. We are told we are saving $219,000 per year by replacing the RYSE portable classrooms. His very simple math — $3,920,000 (approximately $4,000,000) divided by 20 years of bond to build the new space = approximately $200,000 per year + interest(?) (which isn’t peanuts – as anyone with a mortgage can personally understand).

    Tom is such a common sense person.

    Comment by Barbara Capalbo — October 31, 2007 @ 7:27 am | Reply

  4. Using a mortgage calculator for a $3,900,000 loan at 6% interest, the annual payment over 20 years would be $335,289.73.

    http://www.hsh.com/calc-amort.html

    Comment by Curious Resident — October 31, 2007 @ 9:25 am | Reply

  5. CR,

    You are so depressing. Maybe it’s only 4.5%.

    Comment by BarbaraC — October 31, 2007 @ 2:55 pm | Reply

  6. Okay then, at 4.5% the annual payment over 20 years ould be $296,080.

    Feel better now? 🙂

    Maybe it’s 8.5%?…sorry, couldn’t resist.

    Not that I trust them, but according to the propaganda flyer the Building Committee estimated an interest of 4.95%. That means the annual payment would be $307,568.

    What a deal…we get a building that costs us somewhere around $90,000 more per year and will require all the costs associated with a permanent building…plus, in 20 years, it will need millions more to renovate. See how much money we are saving?!?

    Now I’m depressed too.

    Comment by Curious Resident — October 31, 2007 @ 6:23 pm | Reply


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