Santa Monica Daily Press, February 15, 2007

Page 1

INSIDE SCOOP

OPINION

PATHS TO GLORY

BUSINESS

PAGE 3 WHOA, RE-WHINE THAT

PAGE 4 SOME SWEET LIP SERVICE PAGE 14

THURSDAY, FEBRUARY 15, 2007

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Volume 6 Issue 81

Santa Monica Daily Press

NO PASSION IN KISS WITH COX SEE PAGE 17

Since 2001: A news odyssey

THE HELPING HANDS ISSUE

WALKING THE PLANKS

A SENSE OF STRUCTURE With With the the city city in in the the black, black, public public works works are are back back at at the the fore fore

STORY STORY PAGE PAGE 11 11

Fabian Lewkowicz fabianl@smpd.com

Teachers won’t break the bank BY MELODY HANATANI Daily Press Staff Writer

SMMUSD HDQTRS Teachers can buy those new pencil cases and protractors they’ve had their eyes on. Just in time for a preliminary discussion set to take place tonight on the district’s 2007-08 budget, school officials received the good news they’ve been itching to hear for the past few months amid controversy over the resignation of the former chief financial officer.

Contrary to initial reports, it turns out that the Santa Monica-Malibu Unified School District won’t be in the red if the Board of Education ratifies a contract for a 5 percent salary increase with the teachers’ union. An initial AB1200 financial report submitted to the Los Angeles County Office of Education in October showed that a 5 percent pay raise would empty out the district’s special reserve fund within three years. State law requires that school districts keep at least 3 percent of its general fund in special reserves.

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But a report submitted to Superintendent Dianne Talarico on Feb. 8 by the Fiscal Crisis Management Assistance Team (FCMAT) — created under AB1200 to assist school districts facing financial troubles — showed that SMMUSD will be able to maintain a 3 percent reserve fund level after all. “I am really pleased that we had a third party independent review to substantiate what our thoughts were about the financial stability of the district,” Talarico said on Wednesday. “It helps that someone from the

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outside looked at it through an objective lens and validated our thinking.” The news couldn’t have come at a better time for the school board, which came under fire at last week’s City Council meeting over a silence clause in a settlement agreement reached with former CFO Winston Braham. The clause, which was signed just weeks after Braham resigned in late November, sealed Braham’s lips on all matters related to district finances. SEE SCHOOLS PAGE 10

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Santa Monica Daily Press, February 15, 2007 by Santa Monica Daily Press - Issuu