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The suggestion that all state schools overseen by councils should be forced to become academies had provoked ire on the Conservative back benches. Many county councils felt they were doing a good job, and should be left alone. They argued that academisation was the solution for schools that were failing or chronically underperforming. It was this stiff opposition from the shires and counties that made the U-turn unavoidable. Since then the political landscape has changed beyond recognition. Theresa May has put her own stamp firmly on education policy with a green paper suggesting more schools should be able to select pupils on academic ability. The consultation ends in mid-December, and a white paper may follow in the spring. Image caption Government plans would reverse Labour's 1998 ban on new grammars Labour's former shadow education secretary, Lucy Powell, who led the fight against forced academisation, said the plan had always been flawed. "It is about time that Ministers put the final nail in the coffin of these proposals," she said. Ms Powell also called on Education Secretary Justine Greening to "follow the evidence and drop Theresa May's regressive plans to expand selective education and open new grammar schools, something which now at least looks delayed for the rest of this parliamentary session. " The Local Government Association, which represents councils in England, said the move showed the government had been listening to its concerns, "which have been echoed by MPs, teachers and parents".
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The county has been managing its capital needs through a combination of state and federal grants and pay-as-you-go funding. The county does not contemplate any new debt issuance as officials are seeking voter approval through an upcoming referendum for a new local option half-cent sales tax levy for five years. The tax levy is expected by the county to raise $16 million annually to be collected by the state and shared with other local governments based on a population-driven formula. The county estimates its share of the tax levy to be roughly $11 million annually; the county plans to use the funds to cover its public safety and storm water capital needs on a pay-as-you-go basis. Overall pension costs are affordable with a net pension liability of $104 million or about 1% of personal income (using a Fitch adjusted 7% investment return). The county participates in the adequately funded state-administered Florida Retirement System, a cost sharing multi-employer defined benefit plan. The county historically contributes 100% of its actuarial required contribution. Operating Performance Fitch believes the county's broad revenue raising ability and expenditure flexibility provides the superior inherent budget flexibility to maintain reserves at a level consistent with a 'aa' financial resilience assessment throughout the economic cycle. The county does not have a formal reserve policy but has maintained reserves at relatively consistent level in the last few years that approximates its reserve target, equal to 10% of the unassigned fund balance.
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