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Navigating Financial Changes in 2013-2014 Budget: A Comprehensive Overview

Explore the impact of decreased state aid, rising TRS and ERS rates, health insurance costs, and potential loss in Title Grants. Understand the tax levy calculation and budget components for 2013-2014. Budget adoption scheduled for April 22, 2013.

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Navigating Financial Changes in 2013-2014 Budget: A Comprehensive Overview

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  1. Thank you for coming!

  2. Assumptions State Aid has decreased over the past 2 years a total of $850,410. TRS and ERS are increasing. TRS from 11.84 to 16.25%. ERS from 18.9% to 20.9% This is $172,938 increase to our TRS dollars & $27,624 increase to ERS dollars Health insurance costs will increase. Approximately 9.5% This is approximately $146,000 increase Possible loss in Title Grants due to the Budget Control Act of 2011close to $25,000.

  3. 2013-2014 Tax Levy Calculation

  4. Tax Levy Impact The estimated tax increase to the average household with an equalized assessment of $100,000 of property value would be less than $100.

  5. 10 Year Comparison

  6. Summarize the 2013-2014Budget Components

  7. Capital DRAFT DRAFT

  8. Administration DRAFT

  9. Program

  10. DRAFT DRAFT DRAFT

  11. Our Budget Adoption is April 22, 2013

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