Recent events - Jobs Bill Impact

Please understand this is conjecture on our part at this time.
Based on what we know today and looking at how things went with the last stimulus funding it appears the $207 million that Indiana will get from the Jobs Bill translates to 2.7% of the State’s K-12 educational budget. That 2.7% should be between $250 and $290 thousand for Whitko depending on what % the state retains for administrative costs. If the rumors are accurate that the State was expecting to reduce K-12 funding by 5%, I believe what will happen is we will just get a smaller reduction. We had estimated our need (possible reduction) at $500,000 so if we are guessing correct the bill funding will cut our reduction about in half.