1 / 12

DELANCO BOARD OF EDUCATION

DELANCO BOARD OF EDUCATION. BUDGET HEARING MARCH 24, 2011 7:30 P.M. SCHOOL BUDGET 2011-12. TOTAL OPERATING BUDGET increased by $25,463 General Fund Tax levy Increased By $ 108,415 [State mandated cap of 2%] State Aid increase of $83,545.

herve
Download Presentation

DELANCO BOARD OF EDUCATION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DELANCO BOARD OF EDUCATION BUDGET HEARING MARCH 24, 2011 7:30 P.M.

  2. SCHOOL BUDGET 2011-12 • TOTAL OPERATING BUDGET increased by $25,463 • General Fund Tax levy Increased By $ 108,415 [State mandated cap of 2%] • State Aid increase of $83,545

  3. SURPLUS SHORTFALL • SURPLUS BUDGETED IN 2009-10 = $706,824 • SURPLUS BUDGETED IN 2010-11 = $561,728 • SURPLUS BUDGETED IN 2011-12 = $318,382 • SURPLUS SHORTFALL = $243,346 • Surplus Taken By State During 2009-10 school year = $ 650,049

  4. Operating Budget up $ 25K / Tax Levy up $108KHow Does That Happen?? Surplus Shortfall = $ 243,346 State Aid Increase = - $ 83,545 Sub-total $159,801 Federal Ed Jobs Aid = - $ 76,290 Sub Total $ 83,511 Operating Budget Increase =+ $ 25,463 Miscellaneous Revenue changes = - $ 559 Tax Levy increase = $108,415

  5. Increases Special Education Tuition Fuel costs Health Benefits costs Math textbooks [WSS] CST/OT/PT costs\ BCIT Tuition Decreases 1.5 Teaching positions Riverside tuition Teaching supplies frozen General Administration INCREASES / DECREASES

  6. SPECIAL EDUCATION TUITION • Twenty-four students [K-12] are in out-of-district placements • Tuitions range from $13,500 to $ 52,500 • Schools include Public schools, Private Schools and Special Services School • Total budgeted for 2011-12 = $875,986 • Almost 10 % of total district budget

  7. RATABLES ?? • RATABLES ARE THE TOTAL ASSESSED VALUE OF DELANCO. • IF RATABLES GO UP THE TAX RATE GOES DOWN. • IF RATABLES GO DOWN THE TAX RATE GOES UP

  8. RATABLES EXAMPLE • District tax levy =approx $5,900,000 • If ratables are 500,000,000 then tax rate is $ 1.18 per hundred of assessment • On a $200,000 house tax would be $2360 • Same budget with ratables of 492,000,000 the tax rate is $ 1.20 • Same $200,000 house would pay $2400

  9. Township ratables reduced by $7,720,907 Tax rate increase 4.6 cents per hundred Increase if ratables were stable= 2.8 cents/hundred Impact on home assessed at; $200,000 = $92.49/yr [$7.71/ mo] $239,500 = $110.76/yr [$9.23/mo] $250,000 = $115.61/yr [$9.63/mo] Tax Impact of 2011-12 Budget

  10. BUDGET SUMMARY

  11. BUDGET SUMMARY

  12. WHAT HAPPENS NEXT • ELECTION HELD ON Wednesday, APRIL 27TH FROM 2:00 TO 9:00 P.M. • IF BUDGET PASSES REDUCTIONS and INCREASES STAND • IF BUDGET FAILS – Township Committee has option to make further reductions

More Related