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Some LI schools’ ‘rainy day’ funds better than others

Quoted: Some, such as the University of Wisconsin’s Allan Odden, think even this won’t be enough in the current crunch.

“What we’re facing is going to require more than a 5 percent reserve,” said Odden, a former financial consultant to New York State who is now a co-director of a center that recruits and trains teachers and principals. “This is huge.”