Yeshivos/DY: You agree that parents have been tapped out in terms of what they can afford to pay and the political likelihood of any near-term increase in public sector subsidies is very small. For any business, if your revenues cannot cover your expenses you have the option of floating debt to be purchased by those who believe the world will change in the future and you will have the revenues to pay back the loans (perhaps with interest), ask your employees and vendors to accept lower compensation (aka cut pay for teachers etc) or find other ways of cutting costs (fewer hours of instruction, limit new admissions if they don’t cover marginal costs, etc.) Its economics 101….cut costs or increase revenues (or pay your bills in a new heimeshe yptocurrency endorsed by rabbonim and see if you can find enough yidden to accept it in lieu of dollars)
Menu