
Joel R. Glucksman
Partner
201-896-7095 jglucksman@sh-law.comFirm Insights
Author: Joel R. Glucksman
Date: November 14, 2013

Partner
201-896-7095 jglucksman@sh-law.comThe federal sequester has created budget constraints for many cities and towns, and this has put many school districts that rely upon municipal funding to maintain operations in danger of bankruptcy. This is particularly true in rural districts that provide education to low-income children.
A recent article in The Huffington Post highlighted the plight of schools in Stilwell, Okla., which is currently unable to make repairs on a school roof that leaks heavily and raises the risk of causing further infrastructure damage to the property. Instead, teachers rely upon buckets to catch the rain, despite the safety risks that wet floors and mold may pose to students. Principal Margaret Carlile told the news source that Oklahoma has cut school spending by 22 percent since 2009, leaving the institution largely reliant upon federal resources, which have been drastically reduced due to the federal budget cuts.
This issue is common across several states, that include Colorado, Tennessee, Kansas, and North Dakota. Some districts lack the funding for books and other resources necessary to meet national Common Core Standards, and others have been forced to consolidate with other institutions, placing further strain on city resources. Tennessee’s Clay County Schools Director Jerry Strong noted that the problems have become so perilous, that the idea of seeking protection under the bankruptcy law is no longer such a far-fetched idea.
“Unfunded mandates, reduction in funding and added requirements has my system on the edge of bankruptcy,” he told the news source.
The St. Louis Post-Dispatch reports that the Riverview Gardens School District recently proposed roughly $3 million in cuts to help it offset the roughly $15 million costs associated with losing its accreditation and having to pay for students to enroll elsewhere. The cuts would come out of several areas, including school technology, facilities, and professional development for teachers.
“I don’t know where we’re at if we don’t get assistance for 2014- to 15,” Enos Moss, finance director for the district, told the Post-Dispatch. “We will be bankrupt.”
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

What Developers Need to Know About New Jersey’s Rent Control Exemption Law to Ensure Entitlement to Exemption for Newly Constructed Multi-family Housing. A property owner in Jersey City is facing a $400 million federal class action lawsuit alleging that the landlord did not follow the procedural steps required to be eligible for exemption from local […]
Author: Patrick T. Conlon

The application of traditional federal securities laws to crypto assets continues to evolve. In some cases, the Securities and Exchange Commission (SEC) considers tokens and other digital assets to be securities. This makes them subject to federal securities law, including the Securities Act of 1933 and the Securities Exchange Act of 1934. This classification has […]
Author: Bryce S. Robins

While the New York City real estate market can be extremely competitive, moving too quickly often backfires. Before purchasing a condominium or cooperative in New York City, it is important to do you homework. Purchasing property in NYC can involve a dizzying number of legal issues. These include condo and co-op rules, rent restrictions, and […]
Author: Jesse M. Dimitro

Smart contracts feature a unique blend of legal agreement and technical code. This innovation has the potential to reshape how business is conducted. At the same time, smart contract legal issues around enforceability, jurisdiction, identity, and compliance are common. The legal framework for these self-executing agreements is still evolving. What Are Smart Contracts? Smart contracts, […]
Author: Bryce S. Robins

Retaining top talent continues to be one of the greatest challenges facing employers today. Even in an employer’s market, the loss of a key employee can disrupt operations and result in significant costs. While compensation plays a role, long-term retention often depends on workplace culture, communication, and employee engagement. One increasingly popular strategy for improving […]
Author: Angela A. Turiano

Secured transactions form the backbone of a wide range of business dealings, including business loans, mortgages, and inventory financing. Because the stakes are often high and relatively minor oversights can have drastic consequences, lenders and borrowers should thoroughly understand how to form an enforceable security agreement that protects their legal rights. What Is a Secured […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!