Establishing a Stabilization Fund at a Regional Vocational School in Massachusetts

State law in Massachusetts lets local faculties, consisting of nearby vocational-technical colleges, set up a Stabilization Fund for capital initiatives. The governing statute is Massachusetts General Laws c. Seventy-one, §sixteen G½. Not all regional colleges have tried to create this kind of Stabilization Fund. This article is written to help folks who desire to try. From my experience, the procedure is easy; however, it also can be long and irritating.

Establishing

Here are the fundamental steps to observe:

1. Educate Yourself. Read the law. Talk to others who’ve long gone through the method. Ask questions. Contact me. Reach out to your expert affiliation. The Massachusetts Association of Regional Schools (MARS) and Massachusetts Association of Vocational Administrators (MAVA) are excellent sources. Talk together with your School Business Manager to ensure the two of you’re united in this. You want to march collectively. Ensure that everybody is aware, proper from the very start, that it isn’t always easy to apply cash from the Stabilization Fund. Any cash placed into the Stabilization Fund may want only to be used for capital initiatives and will best be used by a vote of two-thirds of the local School Committee. It is not a piggy bank to be opened at will via the School Business Manager or Superintendent

Read More Articles : 

2. Educate Your School Committee. If you’ve got a Finance or Budget Subcommittee, that might be the pleasant area to begin. Talk with the Subcommittee chair first to make sure there is the least standard aid for the concept. Then deliver it to the entire Subcommittee. Make a presentation. Let them ask questions till they cannot think about any extra. (The questions are the same ones you may pay attention to from city and town officials later.) Once you have a strong consensus at the Subcommittee, ask that organization to advise the whole School Committee.

3. Seek a Vote from Your School Committee. Once you’ve got a guide from the Subcommittee that handles cash topics, placed the item on the Agenda for the entire School Committee. In the assembly bundle, encompass a memo outlining the reasons why you’re seeking to establish a Stabilization Fund. In the memo, cope with any main worries that have been raised at the Subcommittee stage. Remember that it is noticeably possible that your memo will locate its manner into the palms of Mayors and Selectmen for your district. Make positive it’s miles strictly real. Make certain all later correspondence in your member communities makes use of the equal or very comparable language.

4. Notify Your Member Communities of the Vote. After your School Committee takes a vote to set up a Stabilization Fund, the fun is just beginning. Now you need to mobilize assist in a majority of your member communities. If you have nine member groups, you want positive votes from five of them. If you’ve got 18 member groups as I did, you want an effective vote from 10 of them. The first step is to notify the Boards of Selectmen and City Councils for your district of your School Committee’s vote. Make positive Mayors, and Town Managers are notified, too.

Here’s a part of the letter we despatched to our 18 member groups: “On January 2, 2013, the District School Committee at Montachusett Regional Vocational Technical School voted to set up a Stabilization Fund according to the provisions of Massachusetts General Laws c. Seventy-one, §sixteen G½. The law requires that district communities be notified and vote to approve the motion with the aid of the School Committee. The Monty Tech School Committee requests that an editorial is located on an upcoming Town Meeting Warrant/City Council Agenda in search of approval to set up the Stabilization Fund.

We suggest the subsequent wording:

That the Town/City of the vote to approve a Stabilization Fund’s status quo consistent with Massachusetts General Laws c.Seventy-one, §sixteen G½ for the Montachusett Regional Vocational Technical School District. Five. Educate Your Member Communities. Use the letter to member communities as a possibility to explain why you’re making your request.

School

We introduced this:

“Stabilization Funds are commonplace in the course of the Commonwealth of Massachusetts and inside the towns and cities during our location. Most, if no longer all, of our 18 district groups have applied Stabilization Funds for decades.

Monty Tech needs to set up a Stabilization Fund to assist cope with its many capital needs. As you may realize, the district continues and regularly updates a Five-Year Capital Plan, which identifies our faculty district’s principal structural and system needs. While we do our very exceptional to maintain faculty facilities and device up to date and stretch each dollar through using the school and pupil labor, we’ve found that price range allotted for capital projects in our annual finances are not sufficient to meet the district’s wishes. We accept as true with that putting in a Stabilization Fund is fiscally prudent.”

6. Expect Questions, Rejection, and Delays. The faculty district is made from 18 member groups, consisting of two towns and 16 towns. In many communities, we have been invited to speak to the Board of Selectmen, Finance Committee, Financial Advisory Board, or City Council. In others, we heard nothing. In the one’s instances, I bet our letter explaining the Stabilization Fund changed into sufficient. The elected officials in the one’s communities voted to place the matter at the Town Meeting Warrant. In 5 of the Towns, but not anything came about in any respect. They either deliberately left the matter of the Town Meeting Warrant – or in reality, forgot to position it on. We entertained a protracted series of questions in one network, and I observed up with a letter, also clarifying our function.

7. Expect Some Unfair Questions and Comments. We heard numerous unfair questions during our meetings, some of which appeared designed genuinely to get us upset. They never did. But you want to be ready. The period of this text prevents me from going into the incredible elements. Still, the questions fell into five most important classes: the capability length of the Stabilization Fund, concerns about unmet capital desires at municipal college districts, claims that approving a Stabilization Fund might mechanically bring about accelerated checks to member communities, suggestions that a Stabilization Fund is something “new” or “special,” and claims that the vocational school appeared so suitable it didn’t want any capital upgrades. Finally, we heard the terribly unfair and inflammatory phrase “slush fund” tossed around more than as soon as. Be prepared to cope with those problems. By analyzing the regulation and noting the severe boundaries located on the use of a Stabilization Fund, you must be prepared.

8. Don’t Give Up. When we commenced the Monty Tech approval technique, the first vote from a community was a rejection. To make topics worse, the vote becomes unanimous. And it turned into from our 2nd biggest network. The Budget Subcommittee Chair and School Business Manager took the defeat badly. I became disillusioned of a path but knew that we had 17 different probabilities of getting 10 votes in our desire. We confirmed up for a Town Meeting on a Saturday morning to discover that the Finance Committee had voted no longer to advisor approval in every other network. Again, I turned upset, however not defeated. When allowed to speak to Town Meeting, I thanked the townspeople for always assisting our school and reminded them that their Town had a Stabilization Fund. Their municipal faculty district had the danger of tapping every so often. We failed to. In the cease, Town Meeting voted solidly in our desire over the city’s Finance Committee’s objections.

9. Celebrate Your Success. In our case, the School Committee voted 17-1 to set up a Stabilization Fund. That vote came about on January 2, 2013. Our 9th and 10th high-quality votes from member communities were secured – separated in time by just or three minutes on the night of June 18, 2013. We did not exactly pop open any champagne, but we did congratulate one another on reaching the achievement. We noticed it as any other small step to improve our potential to respond speedily to small- or medium-length capital desires in our school. It’s a small step that you, too, can take with some planning and a little work.

10. Spread the News and Help Others. Though now not required by using the statute, we notified the Massachusetts Department of Revenue and the Department of Elementary and Secondary Education of the vote taken with our School Committee’s aid and the names of the 10 communities that supported us and the dates they forged those votes. I also testified in Boston on an invoice that could simplify how Stabilization Funds are created and responded to questions from one or two other districts seeking to set up a Stabilization Fund.

Steven C. Sharek is a veteran school administrator. He has served as an Assistant Dean of Academic Services at Southern New England School of Law (now UMass School of Law – Dartmouth), as a Superintendent-Director at Montachusett Regional Vocational Technical School, and as a Cluster Coordinator and Communications/Grants Manager at Greater New Bedford Regional Vocational Technical High School. He holds a B.A. In English, Master in Education, and Juris Doctor. He has been an active member of the Massachusetts Association of Vocational Administrators (MAVA).

Vickie Saunders
Vickie Saundershttps://fanzlive.com
Introvert. Tv enthusiast. Freelance twitter practitioner. Beeraholic. Analyst. Bacon trailblazer. Troublemaker. Skateboarder, traveler, band member, Bauhaus fan and independent Art Director. Performing at the fulcrum of minimalism and function to craft an inspiring, compelling and authentic brand narrative. Nothing ventured, nothing gained.

More from author

Related posts

Latest posts

Burgundy Boots – A Trendy Boot For Summer 2022

Burgundy Boots is a brand new boot collection launched by fashion house HUGO in June 2019. It is the first collection to be found...

Learn How to Draw the Cool Black Shadow Figure

You've no doubt seen his work online. With speed and accuracy that is baffling, I will show you how to draw the black shadow...

Distance Learning – The New Way to Learn Online

Distance learning is the new way to learn online with all-new interactive learning tools and features. It’s a new, easy way to access your...

How to Build a Financial Modeling Strategy in 2022

The financial modeling strategy is a business model developed by the company for planning and developing products, services, and markets to achieve sustainable profit...

Quotes About Positive Mental Health

Quotes about positive mental health, from famous people, like Oprah Winfrey and Stephen King, and quotes about negative mental health from celebrities like Angelina...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!