Richard ‘Dick' Beattie, Star Lawyer in Famed Private-Equity Deals, Dies at 86
Beattie, who ended his career as senior chairman of law firm Simpson Thacher & Bartlett, was among the first attorneys to recognize private equity's potential. He rode the industry's explosive growth, becoming one of the country's top mergers-and-acquisitions lawyers and shaping Simpson Thacher into a private-equity powerhouse.
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Columbus City Schools eyes staff cuts, school closings to make $50 million in reductions
The Columbus City school board has voted to cut $50 million annually from its budget to deal with a growing financial crisis, with additional school closures and staffing cuts a possibility. At an Aug. 13 special meeting, a joint committee of board members and committee members approved a recommendation to cut the $50 million, moving the recommendation to the school board. For 2026, the district has a $1.8-billion budget. On Aug. 19, the board voted to approve making the cuts and directed the superintendent to present a plan by the end of November for what the cuts should look like. Board President Michael Cole said that the cuts will be challenging, but added that "first and foremost," they will be in "the best interests of our children." "It's not a comfortable conversation, it's not one that's easy, but I can say that this is one that we're equipped for and this is what folks elected us to do — to make these tough decisions," Cole said. District facing financial headwinds Last week, The Dispatch reported that the district will begin deficit spending this year and will be out of cash by fiscal year 2029 under current projections. Presently, the district has more than $300 million in reserve cash. The discussion around budget cuts comes amid a variety of pressures on the district, including a recent reduction in funding from the state, federal funding uncertainty and inflation. The district also faces a growing penalty from the state for noncompliance related to the transportation of charter and nonpublic students. In fiscal year 2025, the penalty is projected to be assessed at $10 million, and from fiscal year 2026 to 2029, the transportation penalty is projected at $15 million, according to data presented on Aug. 13. And on Aug. 14, the Columbus Education Association, which represents teachers and other faculty, voted to approve a new contract with the district that includes 2.25% raises for members of the union, which the board approved at the Aug. 19 meeting. Personnel costs make up over 83% of the district's budget, according to district data. Cole said that the reality is that personnel expenses are "a significant portion of our budget." "It's important to identify where we can have the most minimal impact on that space," Cole said. "Without jumping in front of things, I want to make sure we do the proper work necessary to ensure kids have what they need to succeed in the district." John Coneglio, president of the CEA, said that budget cuts "will fall heavily on the teachers and support staff." "That's a concern of mine, and as we go through this process, we're going to make sure that all of our teachers are supported and the process is done correctly," Coneglio said. More school closures could be coming The board also discussed revamping school closings in the context of the threat to the district's financial solvency. The CCS board voted in December 2024 to close Broadleigh Elementary, Buckeye Middle School, Moler Elementary and the building that houses Columbus Alternative High School. The board also voted to close West Broad Elementary — under the condition that the board can secure funding to replace the school building on the site — and to close the Downtown board office building at 270 E. State St. Columbus City Schools Superintendent Angela Chapman said that clearing up some expenses on the operations side of maintaining and operating "legacy" buildings could afford the district the ability to invest in classrooms. "We're also looking at our operations, and looking how we can provide services leaner and make ways that are more efficient so we can redirect some of the dollars on the operation side of the classroom to help close some of those gaps," Chapman said. Marielle Henault, a member of Pint-Sized Protestors and the Columbus Education Justice Coalition, said during public comment that the board needs to create a community-centered approach that "would truly involve the communities that could be impacted." "We can see all the numbers we want, but at the end of the day, our kids are not numbers and their communities aren't squares on a game board that can be moved around at someone's whim," Henault said. Cole Behrens covers K-12 education and school districts in central Ohio. Have a tip? Contact Cole at cbehrens@ or connect with him on X at @Colebehr_report This article originally appeared on The Columbus Dispatch: CCS board approves $50 million in cuts, details could come by November Solve the daily Crossword
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City of Eau Claire continues to grow
EAU CLAIRE — New data from the Wisconsin Department of Revenue reveals that the city of Eau Claire has grown by about 6.7% in the last five years. It is now the seventh largest city in the state. Eau Claire County was also found to be the fourth fastest growing county in the state. 'For the county, the net migration is what stands out as more of a growth factor,' said Regional Economist for the Wisconsin Department of Workforce Development (DWD) Tom Walsh. However, what percentage of those migrating into the city would make up a part of the workforce is harder to come by. What he was able to point out was that a larger than average percentage of the population in Eau Claire is between the ages of 18 and 24. 'The City of Eau Claire will tend to have more people in the college-age demographic just because of the location of the university,' he said. 'For a reference point, the US and Wisconsin are at 9.1% and 9.3% in the 18 to 24 demographic, whereas the estimate for the city of Eau Claire is about 20%.' While not everyone in this age demographic is in college, he said it is a little tricky to determine how much of this age demographic makes up what is considered to be the labor force. 'The labor force is the employed plus the unemployed,' he said. 'The unemployed is anyone that is actively seeking work. So a college student would be considered in the labor force if they're actively employed or if they're actively seeking work. They would not be in the labor force if they're not currently working or not currently looking for work.' Walsh did not have data on the percentage of people in the city of Eau Claire who make up the workforce, but the 2025 Workforce Profile Snapshot for Eau Claire County produced by the Wisconsin DWD lists that the labor force participation rate for Eau Claire County is 67.8 percent. This is 2.5 percentage points higher than the state's overall labor force participation rate. The labor force participation rate is the percentage of those aged 16 and older who make up the labor force. The unemployment rate for Eau Claire County is 2.7%. Other things affecting the city and the county's workforce participation include the aging population. 'That's really being driven by the Baby Boom age demographic,' he said. 'When you have a lower percentage of your population that's in the prime working years, it has a labor market impact.' He said the effects of the aging population include 'the tight labor market, the difficulty finding workers, and an increased in need for healthcare.' Currently, about 28.7% of Eau Claire County is composed of individuals who are aged 55 or older according to the DWD's 2025 Workforce Profile Snapshot for Eau Claire County. Walsh did point out that much of the data he was pulling was from the American Community Survey Estimate which would offer slightly different numbers than the data from the Wisconsin Department of Revenue. Nonetheless, he said it offered some ability to make comparisons. Solve the daily Crossword
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Spokane Airport Board selects Lincoln, NE airport director as new CEO
Aug. 19—The Spokane Airport Board on Monday voted to select a new CEO to oversee Spokane International Airport and Felts Field. The board selected David Haring, who had been serving as the executive director of the Lincoln Airport Authority in Lincoln, Nebraska. Haring would replace Larry Krauter, who served as the CEO of Spokane Airports since 2011. Krauter announced last year that he was leaving for the same role overseeing the Cincinnati/Northern Kentucky International Airport, located across the Ohio River from Cincinnati in Hebron, Kentucky. According to a news release, Haring is a 20-year veteran of the airport industry. In his biography for the Lincoln Airport Authority, Haring is a private pilot who is from Pennsylvania and is an accredited airport executive. He graduated from the University of North Dakota. Prior to his appointment in 2014 as executive director of the Lincoln Airport Authority, Haring held a variety of positions at the Cheyenne Regional Airport in Cheyenne, Wyoming. There he served as its director of aviation from 2007 to 2014, according to the website. In Spokane, the airport is jointly owned by the city of Spokane and Spokane County. That means Haring's appointment must be approved by elected leaders from both bodies. He would replace Krauter, who added several nonstop routes from Spokane, started several terminal upgrades, added more parking and built a 1-mile rail line connecting the existing Geiger Spur line to the airport property. The Terminal Renovation and Expansion Project — called TREX — added a centralized security checkpoint, expanded baggage claim area and more gates to improve passenger flow at the airport. Haring did not immediately respond Monday to an email seeking comment. Solve the daily Crossword
