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Reply to "Sidwell tuition increase"
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[quote=Anonymous][quote=Anonymous]Exactly. And the salaries of these folks doesn't increase 4% a year. But what does the board care? Let them eat cake. and let the school become more douchey. F the board. [/quote] Unless you've been on a board or have had to do a budget for a major organization with significant personnel costs, it's hard to really believe stuff costs this much. For example, at one well-known school in DC, the health insurer raised rates 50%. The school is responding by paying a bigger share of teachers' health care costs to mitigate the effect. Schools get socked with major costs and they do not have increased productivity to offset it, because they are built on a model of small class sizes. (See the Baumol effect.) I think that boards could still make harder decisions -- don't add a new FTE (full-time position) without eliminating another one. Same with really thinking through facilities overhauls (although often much of those are paid for by capital campaigns). However, if you read this board around admissions decision time people will say things like "went to School X and wasn't impressed by their old gym/dingy classrooms/small playing fields," so it shows the effect of market pressure on facilities decisions. [/quote]
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