The document summarizes the budget situation for a public school district for the 2011-2012 school year. It notes that while the graduation rate has remained high, the Governor cut state aid significantly more than anticipated, resulting in a $1.48 million loss of funding. To address a projected $2.2 million shortfall, the district plans to use federal stimulus funds, reserves, and $993,615 in cuts and concessions. This would result in a proposed 2.21% decrease in the budget but a 3.2% increase in the tax levy and a 1.53% increase in the tax rate.

1. Budget 2011-2012 Public Education at the crossroads….

2. Budget Over the Last Three Years +0.29% $20,678,584 2010-11 -0.36% $20,617,865 2009-10 $20,691,523 2008-09 % Increase Budget Approved Budget Year

3. In spite of it all…Our students are graduating at high levels 90% June 2010 93% June 2009 88% June 2008 Graduation Rate Year

4. Our Enrollment Remains Steady

5. Return on Investment

6. Governor’s cut to general aid was much more than anticipated $ 1,480,623 16.24% less than last year’s state aid 7.83 % of this year’s total budget Only state funds that were NOT cut were for the UPK grant

7. County to County Comparisons

8. District by District Comparisons ($622) -2.1 44,646,051 1451 Nassau Carle Place ($697) -2.5 30,802,649 1120 Nassau Bellmore ($238) -1 34,880,460 1500 Westchester Rye Neck ($393) -1.4 38,088,703 1331 Westchester North Salem ($1,926) -10.8 20,678,583 1200 Wayne Williamson Cut per Student 2011-12 Cut as % of Budget 2010-11 Budget Student Population County District

9. The bottom line for 2011-12 1.4 million dollar loss of aid 700,000 dollar increase in a roll-over budget includes 14% increase in health insurance 33% increase in retirement costs TOTAL SHORTFALL 2.2 million dollars

10. Major Cost Drivers

11. Where does that leave us? We will apply the money from the Federal Jobs bill ($478,000). We will use more money from our reserves ($860,000). AND IF We cut $993,615 through retirements, cuts, and concessions…

12. Our bottom line is Budget will be 20,220,890 , a 2.21% decrease from this year. The levy will be 3.2%. The rate on assessed will be an increase of 1.53%.

13. Decision Points Do you want us to use more reserves? Do you agree with a levy of 3.2%? Do you agree with a tax rate of 1.53%