Riding Through Tough Times
Useful tips and resources to help you navigate the
current economy
Let's Help You Help Yourself
Our 7 Point Plan
We know these are hard times and we want to be as responsive to your needs as possible. Here's a seven-point
plan from your association that we hope will help you tide over the current economic storm.
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Tough to Get Short-term Credit
Several school districts across the nation are finding it difficult to raise short-term credit to meet
immediate needs. Coupled with cash shortage are higher interest rates leading many school districts to take
drastic steps to balance their books. With banks not easing up on loans, the credit crunch will take some
time to loosen up. There is no single reason for this economic downturn and we will feature experts who can
shed light on how we could jointly wade through this economic storm.
Despite the gloom, recent days have brought in some good news...fuel prices are coming down and hopefully we
will soon see a fair reduction in prices of construction material. Maybe it might turn out to be a good
season to repair and maintain existing facilities.
An Expert's Viewpoint
To know the heart of the matter, we asked someone who is facing this on a daily basis. Brian Mee, Assistant
Supt. for Business Services at the Pendergast Elementary School District in Arizona gave us the following
responses.
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Helpful Resources
Financial
Get free bank ratings: Bank Ratings
Useful E-Newsletters: Eye on the Economy
Federal Deposit Insurance Corporation
Fannie Mae Keys to Recovery Initiatives
Financial Planning
Association
National Public Radio's
Planet Money
Reed Construction Project Leads
Small Business Administration
The State of the Nation's Housing Report
Data Digest
Ken Simonson, Chief Economist at the Associated General Contractors provides a weekly email digest on
construction and other economic data. Read the latest Data Digest here.
Interesting Articles
School
Board Officials Worried About Gloomy Economy
Courtesy: National School Boards Association
Columbus school officials should scrupulously keep levy campaign promises
