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Freehold Regional High School District Public Budget Hearing

Freehold Regional High School District Public Budget Hearing. March 26, 2007. Budget Issues. New calculation for cap 4% cap on tax levy New and revised spending growth calculations Delay in receiving information from DOE. Total Budget. Current Expense $153,729,149

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Freehold Regional High School District Public Budget Hearing

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  1. Freehold Regional High School District Public Budget Hearing March 26, 2007

  2. Budget Issues • New calculation for cap • 4% cap on tax levy • New and revised spending growth calculations • Delay in receiving information from DOE

  3. Total Budget • Current Expense $153,729,149 • Capital Outlay 1,117,868 • Special Schools 254,145 • Special Revenues 2,422,926 • Debt Service 7,632,345 • Second Question 1,352,777 • TOTAL $166,509,210

  4. Budget Process • Principals • Buildings and Grounds • Transportation • Central Office • Board of Education

  5. Current Expense • Maintain existing staff • Maintain current instructional programs • Freeze discretionary spending at current levels • Instructional supplies • Textbooks

  6. Current Expense • Continue with curriculum revisions • Maintain sports on varsity and subvarsity levels • Maintain existing extra curricular activities

  7. Current Expense • Continue maintenance of facilities • Renovate classrooms • Replace doors, sidewalks, windows • Continue improving security measures • Continue current transportation of students • To and from school • After school bus

  8. Current Expense • Building Maintenance • Renovate 15 – 20 classrooms in each school • Includes floor, ceilings, lights, paint • Other District Projects • Replace doors • Replace/repair sidewalks

  9. Capital Outlay • $ 1,117,868 • Replacement of School Buses • Instructional Equipment • Security projects

  10. Special Schools • $254,145 • Continues Summer School • Continues Adult Education Program

  11. Special Revenues • $2,422,926 • IDEA • No Child Left Behind (NCLB) • Perkins – Vocational funds • Non-public aids

  12. Debt Service • $7,632,345 • Includes Interest Payment on Bonds • Includes Principal Payment on Bonds

  13. How do we compare to other districts? 2005 data

  14. How do we compare to other districts? 2006 data

  15. First Question on Ballot • Resolved that there should be raised for General Funds $105,264,819 for the ensuing School Year (2007-2008) allocated among the constituent municipalities as listed: • Colts Neck $10,825,652.31 • Englishtown 626,697.99 • Farmingdale 542,368.24 • Freehold 3,801,352.20 • Freehold Township 20,458,194.41 • Howell 22,835,166.34 • Manalapan 21,065,409.26 • Marlboro 25,109,978.25

  16. Second Question on Ballot • In addition to the regular advertised budget, the board of education will seek approval from the district’s legal voters to raise an additional $1,352,777 for freshman sports, auditorium renovations, roofing repairs, instructional and non-instructional equipment. The taxes, if raised, will be used exclusively for these purposes. Approval of these taxes will result in a permanent increase in the district’s tax levy. The proposed additional expenditures are in addition to those necessary to achieve the Core Curriculum Content Standards.

  17. Second Question (continued) • Colts Neck $139,122 • Englishtown 8,054 • Farmingdale 6,970 • Freehold 48,852 • Freehold Township 262,912 • Howell 293,459 • Manalapan 270,715 • Marlboro 322,693

  18. Estimated Tax Rates • Estimated tax rates include: • General fund budget • Debt service budget • Second question

  19. Estimated Tax Rate Changes • Colts Neck 4.6 cents • Englishtown -3.6 cents • Farmingdale -4.7 cents • Freehold -0.3 cents • Freehold Township 3.8 cents • Howell -43.3 cents* • Manalapan -46.2 cents* • Marlboro 1.6 cents * Reassessed this year

  20. Estimated Tax Rate Changes • Howell Township – based on last year’s assessment increased by 3%: 1.2 cent increase • Manalapan Township – based on last year’s assessment increased by 3%: 3.6 cents increase

  21. ANNUAL SCHOOL ELECTION TUESDAY, APRIL 17 Times Vary By Municipality

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