Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
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Tuesday, May 24, 2011

BOE Weathers "Perfect Storm"; No Layoffs Scheduled For 2012

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May. 19, 2011

At a special meeting of the Garrett County Board of Education held on Tuesday, Dr. Wendell Teets, superintendent of schools, announced that no school personnel would be laid off in 2012.

This news, well received by a few teachers and faculty members in attendance, was attributed in part to the savings gained from a retirement incentive offered by the school system.

In all, the incentive allowed the schools to reduce through attrition 27 faculty positions, apply those savings to the budget, and avoid terminating any employees.

"This program has saved a lot of young teachers and provided an investment in the future," Teets said of the incentive. "Without it we would have had to look at layoffs."

In a presentation on the 2012 budget, Teets dubbed the recent impact on the county's state aid a "perfect storm."

Initially faced with a budget shortfall of around $3 million, the Garrett County education system recorded the state's largest drop in enrollment and its largest per pupil wealth increase, all while the state's per pupil wealth decreased.

Read the full article here.

If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.

877-563-5350 Questions about ANY listed property? I can help! Call me!
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