As indicated in the article last night the Board of Education and the SFA met to discuss transition plans. No school district in Illinois has emerged from an SFA, they either dissolved or continue to be governed by an SFA (East Saint Louis, Chicago, Hazelcrest).
This shows the enormous progress the district has made in just 7 short years since the Financial Oversight Panel (the predecessor to the SFA) was put into place. Short term debt has been eliminated, long term debt is well under control, fund balances are up across the board and the district has more cash on hand than many districts would ever dream of having.
There are many folks responsible for this: first the taxpayers who absorbed a tax increase when the tax cap was reset three years ago, the FOP members who first helped to start getting us on track, Walter Korpan our former business manager and CFO, Dennis Stonewall who helped right the ship in a number of areas and worked building bridges with the community, the current SFA members who have gradually allowed the Board to take back most control as we have continued our recovery. Finally Dr. Ben Martindale deserves a large amount of credit for coming in with a plan to get our district back to local control. After almost a year and a half we are well on our way.
I’ll be running for re-election in April and I hope to be fortunate enough to be returned to office and help with our transition back to local control. I’ve had many proud moments in the past few years on the board but of that accomplishment I would be the most proud.