I live in a township which has relatively low property taxes but higher property values. The school districts are in the upper quartile with respect to standardized scores. There is no high school. The township pays an adjacent township to ship high school students. I presume my township pays the other township some stipend per student.
Recently, my township said they will layoff 50-60% of the teachers. Obviously, for parents it was a shock and some fear.
My question is how do I objectively analyze the township's track record on finances and economics?
My approach would be:
Find similar townships in the same county with similar population, +/- 15%
Look at the townships municipal bond offering to get a better view of their finances
How does this approach sound? Is there anything obvious I am missing?