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  "documentTitle": "April 2015 McKinsey Operational Review BPS Summary of Audit",
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  "notes": "Contains proprietary financial estimates for school consolidation and asset liquidation.",
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      "text": "11 For example, a preliminary analysis that BPS has underway as of late October 2015 suggests that BPS is over 90% capacity when comparing current classrooms to agreed upon capacity limits. These limits may need to be reconsidered in the light of consolidation. Similarly, policies or agreements regarding changes to the teaching force may disproportionately affect newer teachers and not consider teacher effectiveness, both impacting the quality of instruction and the potential cost reduction. Were staffing changes to focus only on early tenure teachers, cost reductions would be ~75% of these estimates.",
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      "text": "12 These estimates are based on averages across the system. Should BPS choose to pursue this and designs the “right-sized” system, the specifics of which buildings will be affected will change the savings realized depending on factors such as the avoided future upgrades to buildings, the specific size, location, configuration, and current capacity vs. student population. A more focused BPS footprint will likely enable the district to direct resources more efficiently to all students and significantly reduce the real estate and facilities requiring upgrades and capital maintenance, potentially with substantial savings to the budget over time beyond the estimates included here from those avoided investment needs.",
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      "text": "opportunity, it could potentially save as much as $50-85m annually from consolidating 30-50 schools. Contemplating changes in the teaching force in the context of footprint reduction would require considering issues such as the impact on students, potential disproportionate impacts on different student populations, and any constraints that would make the outcome misaligned with the system's focus on teacher quality11. Were BPS to not incorporate changes to teacher workforce into its plans, cost reductions would likely be closer to $700K per school, or $21-35m.12",
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      "text": "School consolidation could yield a one-time benefit of ~$120-200m. School consolidation could also yield a significant one-time benefit of ~$120-200m in building sales or a substantial ongoing income from leasing redundant properties. The current BPS schools are valued by the City at an average of ~$4m. Depending on the number of schools consolidated, the city could have $120-200m in building physical assets it could sell or lease on the open market to generate additional funding.",
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      "text": "Right-sizing the District would concentrate resources for existing students. Currently, with stretched resources, BPS often struggles to provide basic teaching and support services to students in the system. Right-sizing the District would concentrate support services and potentially free up additional funds for investment in a reduced footprint of schools. It also offers the opportunity to shutter underperforming schools and provide the students in those schools with higher performing options. It also provides an opportunity to close buildings with substantial future capital facility needs to avoid future expenditures. This concentration would bring greater impact from the resources to more students by consolidating resources in fewer buildings.",
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