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SVUSD Budget Planning for 2008-09 Revisions

Learn about Governor's budget proposals, revised reductions for solvency, impact on SVUSD revenue, and necessary expense cuts for fiscal stability. Timeline on state's financial crisis and potential impact on education programs.

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SVUSD Budget Planning for 2008-09 Revisions

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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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