WOTS on Oliver’s severance pay

If you’re still trying to figure out how Randy Oliver could quit voluntarily and still get a sweet severance package, well so is John Sharp in today’s Word on the Street column. It appears there’s nothing in his contract that would require the city to give him severance unless he were either directly or indirectly terminated. However, it appears to be a common practice in the industry to give severance to city managers who quit voluntarily. Go figure. Oh well, it’s only tax money, right? Who cares?

Also in today’s WOTS column is a(nother) Schock endorsement from Karen McDonald.

Lots of money to be spent by District 150

This is old news, but I just wanted to give everyone a chance to comment on it: District 150, it was reported last Friday in the paper, is going to spend $94 million in new buildings and renovations. Here’s how it breaks down:

Harrison Primary $21.2 M
Lincoln Middle $19.7 M
Glen Oak $27.9 M
Richwoods Attendance Area
(Kellar, Lindbergh, Northmoor, Richwoods)
$12.0 M
New math/sci/tech academy $11.7 M
SSA bldg. renovation $1.2 M
Total $93.7 M

And where will all this money come from? According to the paper, $72 million will come from the Public Building Commission ($28 million from a previous request, $44 million in a new request), and “[t]he nearly $22 million remaining would come from the District 150’s own bonding authority and about $8.2 million in cash balances.” The paper also said that “Board President David Gorenz said the board was intent on working within its means without raising the tax rate while at the same time trying to make the greatest impact.”

Now I have some questions about all this. First of all, the paper reported on Nov. 30, 2006, that the school board would only have access to “up to $60 million” from the Public Building Commission. When and how did that get increased to $72 million? Also, according to information I got from District 150 via FOIA request, the school district can spend a little over $33.9 million in fire prevention and safety funds on these projects. So why aren’t they using all of those funds first before asking the Public Building Commission for more money?

Here’s the problem with trying to keep track of what’s going on with District 150 — the numbers change often and with no explanation. At the time we all thought $60 million was the cap for PBC funding, we were told that the tax rate would stay the same because other bonds would be paid off, so it would be a wash. Now that the number has increased to $72 million, we’re still told the tax rate won’t go up. How can that be?

Also, anyone know what STS Consultants said it would cost to replace Glen Oak School? If you guessed $7.95 million, you’re right! Cost to renovate that building: $8.36 million. Now it’s going to cost $27.9 million to build a new Glen Oak School. Wow.

Oil imports pop quiz

Can you name the top countries from which the U.S. imports crude oil? Here’s the answer from the Energy Information Administration’s website, along with the average number of barrels that were imported per day in Nov 2007 (in thousands):

  1. Canada (1,919)
  2. Saudi Arabia (1,530)
  3. Mexico (1,484)
  4. Venezuela (1,227)
  5. Nigeria (1,215)
  6. Iraq (508)
  7. Angola (408)
  8. Colombia (197)
  9. Algeria (184)
  10. Ecuador (154)
  11. Kuwait (154)
  12. Chad (107)
  13. Argentina (86)
  14. Russia (81)
  15. Brazil (78)

It’s interesting to me that Iraq only accounts for a little over 5% of our oil imports, and that over 75% of our imports don’t come from the Middle East at all.

Just a Monday morning fun fact for you.