### Period 2 Education

Education is sitting in a good situation.   The cost of professional develoment has dropped to just over \$500,000 per point.
Teachers cost more (\$52,500 elem. and \$54,600 high school) and we're expecting a 5% rise (combined inflation and pay hike)
 Here's a lot of thinking...How to calculate that 5% increase...277 teachers x 49000 x 0.05  =    \$678,650 just for the elementary school, right?252  x 51000 x 0.05 =  \$642,600high schoolI didn't touch this box.  we left it at 1%, so the university quality didn't go up.   I suggest we put in 1% for both, that will be about \$380,000 for each point.  ouch.380,000380,000     1% university in two places   >>> actual number is  \$388,169  = 1%642,600678,650----------- about 2,081,000     ouch!   that's before we increase the professional development of 539,080 or so...We have to assume that the 5% is going to cost EDUCATION about \$1.3 million.So we need that much in the account at the end of the session.The rest can be returned.I think you can lower the percent that you have to allocate in city councilSince the budget in city council is around \$80 million, one person is \$800,000So you can reduce education by 2% in city council... and still be ahead ... remember, hold  \$1.3 million to cover the pay increases that are coming. ============  WHAT DOES EACH UNIT COST?I did the "change one unit" and got the following numbersone new elementary teacher  =   52,500one new high school teacher  =    54, 600increase in profes development =  539,080    cheaper than last sessionquality of school   180,000    <<<< this is cheaper than last session.  It was  \$270,000 before.  wow!maybe we should up the level twice?  while it is cheap?or will it be cheaper next session?infrastructure improvement to level 7 of elementary school >>>  one point =  \$5000   ha!   that's an easy call.Add a few teachers (to improve our student teacher ratio...)277 to 285 maybe    that will be 8 x 52,000 =  \$416,000252 to 260  maybe   that will be another   \$450,000I chose 8 teachers because that's 3% growth.ABOUT THE CHOICES AT CITY COUNCIL...OPTION 3 will "stress city services"we don't have the money to stress social services, right?I'd rather put \$300,000 into improving the quality of the schools one level.... and have money left for Option 2  \$200,000 Agenda1.  Invest in upgrades (possibly up to 7 since we are flush)2.  possibly raise two categories from 1% to 3% for higher education.3. Propose that we support option 2 as the middle categoryAsk city council to sell 50% of the land (we have to get rid of all of the land before the end of the cycle... why not sell while the city is expanding?)4.  hire perhaps 8 more teachers in elem and 8 in high school.StartSURPLUS   \$7.4 millionSTART=====================LOOK AT WHAT OUR TOWN WILL GAIN if we spend \$4 million on quality?\$3.2 million   If we raise all levels to quality 7, we still have a surplus...This is with 16 more teachers and increasing university to 3%