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FY 12 Budget

The FY 2012 budget presents a 2.9% salary increase ($470,309) and 7.9% benefit increase ($309,783), totaling a 3.9% rise in salaries and benefits ($780,092). Facilities costs rise by 3.7%, while debt service expenses see substantial increases of 14.8% (MMS) and 3.5% (HS). With a projected budget shortfall of $1,000,000 due to declining enrollment and increased socio-economic challenges, recommendations include raising local contributions and consolidating services. Strategic options to mitigate job losses and retain educational quality are essential for sustainable fiscal management.

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FY 12 Budget

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  1. FY 12 Budget • QEA

  2. Budget FY 12 • Increases • Salary 2.9% ($470,309) • Benefits 7.9% ($309, 783) *estimated* • Total Salary & Benefits 3.9% ($780,092) • Facilities 3.7% • Debt Service (MMS) 14.8% • Decreases • Supply Budgets 1.5% • Transportation 6.4% • Superintendents Budget .2% • Debt Service (HS) 3.5% • Non-Salary Total .4% • State Subsidy 1% Total Budget Shortfall $1,000,000 = 3.8% (including jobs bill $500k)

  3. Comparisons High Achieving Districts (ME, NH, NY, NJ, CT, MA) spend on average $5000 more per student

  4. Realities • Great Recession CPI 1.5% • Enrollment: -300 students in 10 years, projected to loose another 200 in the next 5 years • Town populations increased but enrollment decreased • More families below poverty level and unemployed even though median wages have increased 30% in 10 years

  5. Revenue Ideas • Advertising • Raise local contribution ($1000 more per student would increase budget by $2,531,000) • Grant Writing • Marshwood Foundation

  6. Budget Cut Ideas • Consolidating services with other districts • Pay to transport and/or play • Cut non-essential to instruction jobs first • Keep all Special Education students in district • Eliminate all extra-curricular activities and/or stipends • Cut supply budget more

  7. QEA Options • Nothing: Potentially lose 800k in jobs = 13 jobs plus those lost due to enrollment • Retirement incentive: 20k per (estimate) • Open contract • Steps: $200k • COLA: $300k • Insurance: ? • Professional Development: • Furlough day(s): 70k • No paid sick or personal days

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