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Effect on NSSD

Economic and Revenue Forecast December 2010. Effect on NSSD. HISTORY. January 2010 Passed Income Tax and Corporate Tax Increases Funding at $6.0 Billion for K-12 Education. HISTORY. May 2010 New Revenue Forecast New Funding Level is $5.73 Billion for K-12 Cut of $950,000 to NSSD.

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Effect on NSSD

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  1. Economic and Revenue ForecastDecember 2010 Effect on NSSD

  2. HISTORY January 2010 • Passed Income Tax and Corporate Tax Increases • Funding at $6.0 Billion for K-12 Education

  3. HISTORY May 2010 • New Revenue Forecast • New Funding Level is $5.73 Billion for K-12 • Cut of $950,000 to NSSD

  4. HISTORY August 2010 • EduJobs Bill Passes • Provides $454,000 to NSSD

  5. HISTORY September 2010 • Revenue Forecast Down • Loss At $556,000 to NSSD • State Adds Rainy Day Funds to EduJobs Funding • Governor, Speaker of the House, and Senate President Issue Statement • Use EduJobs and Rainy Day Fund ($103,000) to Hold K-12 Education at $5.73 Billion Level

  6. CURRENT December 2010 • Revenue Forecast Adds to Rainy Day Fund Reserve • Long Term Income Projection for 2011-13 Biennium Drops Slightly • Numbers are the Result of New Withholding Guidelines for State Income Taxes • 2011-13 Biennium Down Another $277.7 Million • Approximately 140 million per year or down $400,000 to NSSD Per Year

  7. Forecast Changes

  8. FUTURE SUSTAINABILITY Spring 2011 • Legislature is in Session • Determination of Funding Level for New Biennium • Will Legislature Fund Education at $5.73 Billion for K-12? • Current State Revenue without Federal Funds is approximately $5.45 Billion for K-12

  9. FUNDING CHALLENGES At the end of this fiscal year, the NSSD will face these challenges: • Loss of $714,000 Federal Funding to NSSD • Minus $260,000 Stimulus • Minus $454,000 EduJobs • PERS Bill $580,000 Each Year of New Biennium • $200,000 of Additional Stimulus Funding in Special Ed ARRA goes away that is currently funding employees • 6 day cut to teachers, confidential and administration this year will cost appr. $300,000

  10. FUNDING CHALLENGES • Where we will go from here • To finish this year (2010-11): • Seek every possible efficiency and savings to gain as much carryover as possible • Copier contract and need under review • Energy use in facilities • Look for efficiencies in staffing

  11. FUNDING CHALLENGES • For 2011-12 • #1 Accurate determination of NSSD costs • #2 Determine shortfall/surplus at $5.5, $5.6 and $5.7 levels of state funding • #3 Monitor Oregon Legislature, March and May revenue forecasts • #4 Continue to communicate fiscal status with all employees • Models developed will serve as the basis for the 2011-12 budget process

  12. FUNDING CHALLENGES Our budget for next year will be based on • What is best for our students • Our District Mission, Vision and Goals • Maintaining as comprehensive a program as possible • Sustainability—which is our ability to meet current needs and prepare for the educational challenges of the future

  13. FUNDING CHALLENGES • My responsibilities • Define reality • Do what is best for our students • What I ask of you: • Continue to do the great work that you have done so far this year • Understand that all funding scenarios contain variables and uncertainties • Communicate known truths, don’t pass on things you do not know are accurate statements • Talk to, not about, people

  14. QUESTIONS/COMMENTS

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