{ "docId": "019dd923-622c-750b-8b99-856ed0788e9a", "docSlug": "40e9e62f0249", "documentTitle": "PowerSchool Holdings, Inc. (PWSC)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-04-17 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 40, "pageCount": 117, "prevPage": 39, "nextPage": 41, "slideType": "quote_slide", "function": "establish_context", "density": "dense", "nDataPoints": 2, "notes": "The slide uses a table format to pair district leadership names with their respective quotes regarding budget constraints.", "elementsJson": [ "headline_text", "paragraph", "data_table" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b99-856ed0788e9a/40", "deckHref": "/decks/019dd923-622c-750b-8b99-856ed0788e9a", "deckJsonHref": "/decks/019dd923-622c-750b-8b99-856ed0788e9a.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-856ed0788e9a#slide-40", "components": [ { "bbox": null, "kind": "callout", "text": "Now, as emergency funds are running out, district leaders across the U.S. are facing difficult choices on how to prioritize spending their increasingly limited budgets.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-fb92-756a-9da6-4e4e45e293e2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.96, "x": 0.02, "y": 0.16 }, "kind": "paragraph", "text": "Now, as emergency funds are running out, district leaders across the U.S. are facing difficult choices on how to prioritize spending their increasingly limited budgets.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e86cceff-68b1-4ccf-b8d5-022c360b4ffb", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"We took some money from several money from several places to offer our teachers these raises, which was historic,\" Hutchinson said. \"We didn't have that money sitting around someplace. We had to find it. ... These budget adjustments free up resources for us.\" — Mike Hutchinson, Oakland Unified Board President; \"The reality is, we have no money anywhere. So we're going to have to make some tough choices, and everybody needs to be involved.\" — Demetrio Gonzalez-Hoy, West Contra Costa Unified School Board President; \"We need to transition responsibly, from an era of COVID emergency funds to an era around the corner where the five and a half billion that we have been living off will all disappear,\" said Carvalho. \"If we did not begin the process now, a year from now it will be impossible to do so without incredible pain.\" — Alberto Carvalho, Los Angeles Unified Superintendent; \"I wish there was a way for high-poverty schools like mine to have extended-year funding so our kids could be safe for more months of the year and receive activities they love and want to come to school for all year long.\" — Stacey Cole, Storm Lake Schools Superintendent; \"I never want to be the superintendent that has to reduce staff to get to a number, because I understand that there's a human being behind it, and that human being is connected to a family. It's never easy for me.\" — Nikolai Vitti, Detroit Public Schools Superintendent; \"We're adding 230 new positions, mostly funded by ESSER, that's 230 people on top of the current vacancies, that we will either have to lay off next year or in subsequent years or hope that the city has the extra $100 million to cover their salaries and benefits.\" — Brendan Cardet-Hernandez, Boston Public Schools School Committee Member; \"I would not want to spend ESSER funding knowing we are in a $1.3 million deficit and not knowing what the future looks like, it is really not right to start a program we cannot support until we are in a position where we know we can sustain it.\" — Dede Galdston, Watertown Public Schools Superintendent; \"This week...we've issued some notifications to employees about they're being considered for 'RIF' and displacement so that is happening,\" said Dr. Brent Jones, SPS superintendent. \"We're in that phase right now.\" — Dr. Brent Jones, Seattle Public Schools Superintendent.", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-fb92-756a-9da6-53af7ee8e864", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.5, "x": 0.02, "y": 0.96 }, "kind": "source-note", "text": "Source: Oakland, West Contra Costa, LA Unified, Storm Lake, Detroit, Boston, Watertown, Seattle", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6b67985d-ccf0-4359-96be-c33228a40724", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.68, "w": 0.96, "x": 0.02, "y": 0.24 }, "kind": "table", "text": "Table of district leaders and their quotes regarding fiscal challenges.", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5754e6ef-eeb2-4294-b89a-fdb67db6e145", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.65, "x": 0.31, "y": 0.03 }, "kind": "title", "text": "Many District Leaders Are Considering Dire Action In Face Of Forthcoming Fiscal Cliff", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "01830920-b730-40ae-901e-68e2b8b1b386", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }