Market instability causes caution, cuts
The BASD board of directors was given a lot to consider at the monthly finance meeting April 14.
As the board prepares its 2025-26 budget, multiyear projects will take into consideration creative ways to save without compromising education. Projects will be downsized; purchases will be made anticipating cost increases based on known needs. Staff positions will be evaluated for need and vacancies may not be filled or be outright eliminated.
Director Winston Alozie said services will need to be cut, while Superintendent Dr. Jack Silva listed many factors that affect where and how cuts are made. “Rural, suburban and city schools are all feeling the pinch,” he said, explaining student enrollment, class sizes, cocurricular and extracurricular activities affect budgeting.
Silva said several coaching positions will be eliminated. Bethlehem resident Stephen Antalics said, “No teachers should be laid off even if it means not resodding the football field or extracurricular activities.”
Director Dr. Silagh White disagreed. “Supporting extracurricular activities is part of education as these activities help mold the whole student.” Directors will continue this discussion before any final cuts are made.
The Finance Committee also heard a presentation by Scott Shearer, Managing Director, PFM Financial Advisors LLC of Harrisburg, regarding refinancing Series 2015A Bonds. The resolution was approved last month but there will be more conversation before action is taken. The inconsistency of the stock market raises concerns affecting the decision to refinance.
The next meeting is scheduled for 28 7 p.m. April 28 at East Hills MS.