Proposed Budget

Transcription

1 Westhampton Beach UFSD Proposed Budget Budget Hearing - May 9, 2016

2 Budget Goals Maintaining world-class educational, extracurricular, and support programs for all students in challenging economic times. Meeting the wide-ranging needs of our students while being mindful of the impact on our taxpayers. Complying with a particularly restrictive tax cap for 2016/17 at just 0.71%.

3 Budget Development Process APPR Enrollment BOCES Extracurricular Activities Technology Athletics Security State Aid Tuition Unfunded Mandates Transportation Contractual Salaries and Benefits Tax Levy Limit Debt Service Operations and Maintenance

4 Budget Challenges The provisions of the tax cap, coupled with a lack of promised mandate relief, have resulted in increasing fiscal stress on schools. The tax levy limit for 2016/17 is particularly restrictive at just 0.71%. Our allowable tax levy increase is $200,752. Health insurance premiums alone are projected to increase by nearly $250,000. The loss of incoming Tuckahoe students has resulted in a decrease in tuition revenue. Overall tuition revenues are projected to decrease by approximately $100,000. Unfunded mandates continue to place an undue burden on local taxpayers. State aid accounts for just 4.3% of our District s overall revenue.

5 Budget Comparison 2015/ /17 Change Administrative $5,408,526 $5,471, % Program $39,669,254 $39,697, % Capital $9,885,447 $9,877, % Total Budget $54,963,227 $55,047, % Tax Levy $28,135,429 $28,333, % * * Allowable Levy Limit is 0.71%

6 Budget Comparison The proposed budget calls for a budget-to-budget increase of just 0.15%. The result is two consecutive years with budget increases of less than one-half of one percent. 2015/ /17 Change Administrative $5,408,526 $5,471, % Program $39,669,254 $39,697, % Capital $9,885,447 $9,877, % Total Budget $54,963,227 $55,047, % Tax Levy $28,135,429 $28,333, % *

7 Budget Components Capital Budget $9,877,593 Administrative Budget $5,471,715 Program Budget $39,697,833

8 Program Budget What s Included? Teacher Salaries and Benefits Teacher Training Special Education Guidance Psychological Services Health Services School Libraries Technology Extracurricular Activities Athletics Transportation Program Budget $39,697,833

9 Capital Budget What s Included? Custodial Salaries and Benefits Grounds Salaries and Benefits Operation of Plant Maintenance of Plant Transfer to Capital Debt Service Capital Budget $9,877,593

10 Administrative Budget What s Included? Supervisory Salaries and Benefits Central Administration Business Administration Auditing Services Legal Services Insurance Central Data Processing BOCES Curriculum Development Board of Education District Clerk Administrative Budget $5,471,715

11 Revenues Other Reserves 1.1% Reserves 2.2% Tuition (Sending Districts) 38.7% Property Tax 51.5% State Aid 4.3% Appropriated Fund Balance 2.2%

12 Expenditures Supplies 1.6% Transportation 3.1% Textbooks & Equipment 0.6%% Transfers 0.6% BOCES 3.1% Contractual 6.6% Debt Service 9.1% Employee Benefits 23.0% Salaries 52.3%

13 What will the proposed budget cost our taxpayers?

14 Estimating Your School Tax Assessed Value 1000 x Tax Rate = Estimated School Tax Estimated School Tax on a Home Assessed at $700,000 $700, x = $4, *Estimate based on assessed value remaining flat.

15 Estimated School Tax Year-to-Year Comparison 2015/2016 School Year $700, x = $4, /2017 School Year $700, x = $4, *Estimate based on assessed value remaining flat.

16 Estimated Tax Impact On a home assessed at $700,000, it is estimated that school taxes will increase by $31.15 next year. That s less than $3.00 per month. *Estimate based on assessed value remaining flat.

17 NYS Property Tax Rebate The NYS Property Tax Rebate was established in the 2015 state budget and applies to the fiscal years. See NYS Tax Law 606n-1. Homeowners who meet the requirements for the STAR property tax exemption, make $275,000 per year or less, and reside in a district that complies with the property tax cap, are eligible to receive a tax rebate of $130 for the 2016/17 school year. In order to ensure that qualified residents are eligible for the New York State Property Tax Rebate, the Westhampton Beach School District will comply with the tax cap for the 2016/17 school year.

18 Budget Highlights The proposed budget maintains all existing academic, athletic, and extracurricular programs. It also adds positions in Elementary Education and Special Education. Class sizes will generally remain at current levels. Expenditures are carefully aligned with our core mission and goals. Our students continue to excel, and graduate with the 21 st century skills and competencies they need to be successful in a rapidly changing and increasingly complex world.

19 Investing In The Future The community s investment in education has resulted in outstanding opportunities and outcomes for our students. Recent College Acceptances

20 A Long History of Support This community takes great pride in its children and places a high value on its public schools.

21 Budget Voting History Yes No % Yes Votes % 70.2% 70.2% 69.1% 72.1% 68.2% 53.2% 62.2% 68.3% 64.5% 63.9% 54.4% 55.3% 61.2% 58.7% 61.3% 66.2% 64.6% 63.5% 71.1% 78.6% 82.7% % Yes Votes

22 Budget Vote Tuesday, May 17 7:00 AM - 9:00 PM High School LGI

23 Impact of a Budget Defeat If the budget is not approved by the voters on May 17, the District has three options: Resubmit the budget to the voters in its original form. Propose a revised budget. Adopt a contingency budget with a tax levy no higher than the previous year s tax levy (0% levy increase).

24 In Summary... The budget-to-budget increase is 0.15%. The tax levy increase is 0.70%. A taxpayer with a home assessed at $700,000 will see an estimated increase in school taxes of $ Eligible homeowners will receive a New York State Tax Rebate of $130. The proposed budget requires a simple majority to pass.

25 Please Remember to Vote on May 17