BP Totty:
Unfortunately alot of kids hardly pay any tuition and probably another 30-40% have pretty significant discounts. And oh, maybe they should also pay their tremendous mortgage of about 40,000 a month so they have a place to store all that chalk and copy paper…
I spoke to Rabbi Shapiro at the school and he informed me that the old payroll was over 7,000,000 a year. With all the cuts they had to put in place the new payroll is less than 6,000,000 a year. Tutition revenue should be bringing in between 6 and 7 million and instead it brings in less than 5 million. You can do all the math by yourself. But in my book that still leaves them way in the red…
Everyone thinks they can do a better job. Noone is manning the store. The school has just been running on auto-pilot for 70 years?? Amazingly, it managed to turn out some of the finest in our community while never missing a payroll until the economic crisis hit. Many more parents cant afford to pay, contributions tanked, and many large pledges never materialized.
I hope after you lose your bet, you still have the $100 to donate.
The store is being manned. Just noone is paying for the products.
EDITED