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SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT

SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT. MAY REVISE for 2008-09. PLANNING for 2008. Governor’s Revised State Budget Proposals Revised Reductions needed to maintain solvency Timeline. State’s Fiscal Woes. Leading Indicators still negative: Job growth is flat

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SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT

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  1. SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT • MAY REVISE for 2008-09

  2. PLANNING for 2008 • Governor’s Revised State Budget Proposals • Revised Reductions needed to maintain solvency • Timeline

  3. State’s Fiscal Woes • Leading Indicators still negative: • Job growth is flat • Personal Income projected lower • CPI was 2.6% now at 3.4% • State Credit Rating is 49th out of 50 states • State budget shortfall projected to be $17 billion; $500 for every person in California vs $2800 in Revenue

  4. May Revise for Education • COLA has increased to 5.66% from 4.94% but still not funded • Deficit to Revenue Limit and Special Education have been removed • ALL other State funding receives no COLA and reduced funding (-5.66% plus -6.5% = -12.12% • Flexibility Options = no new revenue, bipartisan support?

  5. Impact of Governor’s May Revise on SVUSD Revenue • Eliminate COLA (-4.94% 5.66%) plus reduction in funding (-2.05%) = -$12,569,058 -$8,144,064 • Reduce Special Ed funding -$1,975,940 -$265,334 • Reduced funding for other programs i.e. Summer School, CSR, Transportation etc. -$1,628,183 • SVUSD also has less students -$2,400,000 and cost increases -$726,819 • TOTAL = -$19,300,000-$13,164,400

  6. Adding $6.1 million • Preserves 90.5 fte. • Elementary Programs: Option One CSR in 1st grade, LAAP, Instrumental music and school site administration • Intermediate Programs: Assistant Principals • High School Programs: IB, 7 period day, some Librarians, Activity Directors and Assistant Principals • No rollback in salaries, District Receptionist DistrictDreceptioReceptionistpreservefiscal status i.e. a district that can meet its financial obligations for the current year plus the following two years....reductions in expenses are required. • For SVUSD $19,300,000 in reductions must be made!

  7. Unfortunately... • Still eliminating over 150 fte. • Loss of Choral music, some CSR, Librarians, Secretaries, Clerks, Custodians • Reduced Graduation requirements and reduced School Site funding • Major reductions in Centralized Services - IRC, Surplus Warehouse, Delivery, Print Shop, Textbooks...

  8. Still to Come... • Must adopt our budget by June 30th (mtgs. 6/10, 6/24) • Governor’s Revenue proposals (borrowing against Lottery income vs. increased sales tax) considered D.O.A. • Legislative Analyst proposes more current year reductions = “nearly impossible” • Predictions are for a protracted budget debate • “Consider the May Revise the floor not the ceiling” -Kevin Gordon, CEO School Innovations and Advocacy

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