The economy is emerging from the longest recession since the World War II era. According to the National Bureau of Economic Research, the recession began December 2007 and ended June 2009. Leading economic indicators point to a slow recovery. The Missouri Council on Economic Education has published a forecast for 2011 indicating economic growth in Missouri will be below 2%.
Central High School's operating budget is funded through sales tax and property taxes. Both of these taxes experienced a drop in revenue during the recession. Funding for capital projects comes through bond issues. Historically, the Springfield Public School System has sought bond funding every three years. Their last bond issue was in 2009 so their next earliest bond issue would occur in 2012. It is possible that the next bond issue will be delayed due to the impact of the recession and the slow recovery.
An additional potential source of funding for capital projects is through collaborations with other local organizations. If Central High School can identify needs that are shared by local organizations, they could enter into joint community ventures that could provide additional funding for capital projects.
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