11/01/2025
We're continuing our fact check of claims about the Greenfield schools ahead of Tuesday's election. Thank you to candidates for your suggestion that we address cash reserves! See our blog for more details at https://peoplesbudgetgreenfield.com/2025-elections-fact-check-2-reserve-funds/
Also a reminder: Greenfield People’s Budget is an independent group and not affiliated with any campaign. However, we want local government that is transparent and responsive to the needs of regular people in Greenfield. For that reason we encourage you to vote for Adrienne Craig-Williams, Jeffrey Diteman, and Elizabeth DeNeeve.
CLAIM: Greenfield schools hoard money and don't spend it on education for our children, taking an unfair share of the city budget. (Goodwin, Terounzo, and Moscaritolo all make this claim.)
Fact: The mayor justified her $2 million cuts to the school budget based on the idea that GPS is hoarding excessive cash reserves across a few revolving accounts, a claim that Goodwin, Terounzo, and Moscaritolo are repeating.
Fact: The revolving accounts for special education, school choice, and transportation had a $5.3 million balance at one time, but that balance didn’t reflect all the bills that would be paid. It’s like looking at your bank account on payday: there might be money there, but you still have to pay your bills.
Fact: Those revolving accounts can only be used for specific purposes. The largest balance is in the Circuit Breaker account, which is state funding with strict rules for use and mandatory minimum reserves. Circuit Breaker shouldn’t be part of a debate.
Fact: Because of surprise expenses and funding shortfalls, it’s best practice to keep reserves on hand to avoid emergency financial orders. A single student with high needs who moves into the district could require up to $1m in services. It’s impossible to budget for that possibility without significant reserves. The Trump administration could also cut all federal funding to GPS at any time.
Fact: GPS plans on spending down reserves by about $1.3 million this year, including $308k for services for a high-needs student that just moved to the district. That amount could increase significantly depending on who moves here.
We agree school finance is complicated, but it's too easy to insinuate that complicated things are corrupt. Our kids don't need witch hunts and attacks on school funding. Our kids do need collaborative leaders advocating for better state funding formulas to get the resources we deserve.