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2014-2015 Superintendent’s Proposed Budget

Oswego City School District Where Learning Never Ends…. 2014-2015 Superintendent’s Proposed Budget. 4-22-14 By: Ben Halsey, Superintendent & Nancy Squairs, Business Administrator . 2014-15 Expense Projection. $ in millions. Budget Reductions. Instructional FTE

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2014-2015 Superintendent’s Proposed Budget

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  1. Oswego City School District Where Learning Never Ends… 2014-2015 Superintendent’s Proposed Budget 4-22-14 By: Ben Halsey, Superintendent & Nancy Squairs, Business Administrator

  2. 2014-15 Expense Projection $ in millions

  3. Budget Reductions • Instructional FTE Foreign Language 1.00 English 2.00 Social Studies 2.00 Math 2.00 Science 2.00 Technology 1.00 Principal 1.00 School Psychologist 1.00 Guidance Counselor 1.00

  4. Budget Reductions • Instructional FTE Elementary Teacher 1.00 Reading Teacher (2) 1.05 Play Therapist 1.00 Special Education Teacher 1.00 Director of Literacy .30 Total Instructional 17.35 Add: School Counselor 1.00 Net Reductions 16.35 6 reductions through retirements or vacancies

  5. Budget Reductions • Non Instructional FTE Typist 1.50 School Monitor(2) 1.00 Director of Security 1.00 Custodians 2.00 Grounds worker 1.00 Mechanic 1.00 Purchasing Clerk 1.00 Microfilm Operator 1.00 Teacher Aides 3.00 Total 12.50 Add Security Guard 1.00 Net Reductions 11.50 6 reductions through retirements or vacancies

  6. Budget Reductions • Efficiency Reductions Athletic Trainer Overtime 9,200 2 Modified Soccer Coach 10,200 Transportation Savings 150,000 Universal PreK 40,000 Technology Hardware 44,000 Conference Travel 20,000 Supplies reduced 15% 84,000 Equipment Reduced 15% 35,000 Field Trips Reduced 10% 4,600 ERS/TRS 156,000 Total $553,000

  7. Key Components of The Tax Cap What is the property tax cap? 9 Step calculation to establishes a limit on the annual growth of property taxes levied by local governments and school districts. Who is subject to the tax cap? The cap applies to all independent school districts outside of the Big Five Cities and to all local governments including counties, cities, towns, villages and special districts.

  8. Key Components of The Tax Cap Are there exceptions to the tax cap? There are limited, narrow exclusions to the cap, including certain costs of significant judgments arising out of tort actions and unusually large year-to-year increases in pension contribution rates. Is there an override mechanism to the tax cap? The tax levy cannot exceed the cap unless 60 percent of voters (for school districts) or 60 percent of the total voting power of the governing body (for local governments) approve such increase.

  9. Tax Freeze Legislation Fiscal Year 14-15 If a school district has a freeze compliant budget, the taxpayer will receive a credit on their primary residence.) Difference between their 13/14 property taxes and their 14/15 property taxes 2013/2014 Ex. Property Value of 100,000 with Basic STAR (100,000-30,000) x 19.04)/1000 $ 1334.00 Taxes

  10. 2014/2015 Ex. Property Value of 100,000 with Basic STAR (100,000-30,000) x 19.80)/1000 $1386.00 Taxes For primary residence rebate would be $52.00

  11. Questions???

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