Budget Presentation 3-9-11

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Budget Presentation 3-9-11

  1. 1. Budget 2011-2012 Public Education at the crossroads….
  2. 2. Budget Over the Last Three Years +0.29% $20,678,584 2010-11 -0.36% $20,617,865 2009-10 $20,691,523 2008-09 % Increase Budget Approved Budget Year
  3. 3. In spite of it all…Our students are graduating at high levels 90% June 2010 93% June 2009 88% June 2008 Graduation Rate Year
  4. 4. Our Enrollment Remains Steady
  5. 5. Return on Investment
  6. 6. Governor’s cut to general aid was much more than anticipated <ul><li>$ 1,480,623 </li></ul><ul><li>16.24% less than last year’s state aid </li></ul><ul><li>7.83 % of this year’s total budget </li></ul><ul><li>Only state funds that were NOT cut </li></ul><ul><li>were for the UPK grant </li></ul>
  7. 7. County to County Comparisons
  8. 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. 9. The bottom line for 2011-12 <ul><li>1.4 million dollar loss of aid </li></ul><ul><li>700,000 dollar increase in a roll-over budget includes </li></ul><ul><li>14% increase in health insurance </li></ul><ul><li>33% increase in retirement costs </li></ul><ul><li>TOTAL SHORTFALL </li></ul><ul><li>2.2 million dollars </li></ul>
  10. 10. Major Cost Drivers
  11. 11. Where does that leave us? <ul><li>We will apply the money from the Federal Jobs bill ($478,000). </li></ul><ul><li>We will use more money from our reserves </li></ul><ul><li>($860,000). </li></ul><ul><li>AND IF </li></ul><ul><li>We cut $993,615 through retirements, cuts, and concessions… </li></ul>
  12. 12. Our bottom line is <ul><li>Budget will be 20,220,890 , a 2.21% decrease from this year. </li></ul><ul><li>The levy will be 3.2%. </li></ul><ul><li>The rate on assessed will be an increase of 1.53%. </li></ul>
  13. 13. Decision Points <ul><li>Do you want us to use more reserves? </li></ul><ul><li>Do you agree with a levy of 3.2%? </li></ul><ul><li>Do you agree with a tax rate of 1.53% </li></ul>

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