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2011-2012 Budget Planning Process: Revenue and Expenditure Issues

The 2011-2012 budget planning process faces significant challenges. A new 2% cap on local tax levies will generate an increase of $966,703. Adjustments to the tax levy due to rising health insurance and pension costs for non-certified staff are expected to further elevate the tax levy. State aid forecasts vary, with a decrease appearing likely. Additional revenue sources include activity fees and transportation. Budget expenditures reveal a need for $1.3 million to cover current employment contracts and a 10% increase in employee health insurance costs, alongside other mandated expenses.

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2011-2012 Budget Planning Process: Revenue and Expenditure Issues

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  1. 2011 – 2012 Budget The Planning Process

  2. ISSUES - REVENUE • New 2% cap on the local tax levy will result in a $966,703.00 increase. • Adjustments to the tax levy. Health insurance increase over the State Plan. And Pension costs for non-certified staff. • Both adjustments would increase the tax levy. • State Aid Increase – Not likely • State Aid stays the same – Maybe • State Aid decreases - likely

  3. Other Sources of Revenue • Activity Fees for athletics and co-curricular • Transportation • 2nd Question on the ballot

  4. Budget Expenditures • Employment Contracts -1.3 million needed to covers salary freezes in current budget • Employee Health Insurance – 10% increase in current year budget.

  5. Contractual/Mandated Costs • Transportation – for students who live beyond the mileage limits. • Out–of-District tuition for special needs students. • Utilities – Electric, fuel oil, and gas • Insurance – accident, liability, buildings vehicles • Special services - student evaluations, related services OT & PT.

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