Considering our fragile national economy, it’s prudent to include a financial contingency plan for your school’s worst-case scenario in your strategic planning documents. While each school’s particular situation determines the plan’s specific details, there are common characteristics each private school should include. As Board President, charge an ad hoc committee to craft your plan. ISM suggests the following example for inclusion in your document.
In a previous issue of The Source for Trustees, we discussed the caveats of private school vouchers. Further research supports ISM’s position—that private schools should not look to government vouchers to balance their budgets or address enrollment issues.