Center Grove General Fund Referendum November 2, 2010

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1 Center Grove General Fund Referendum November 2, 2010 Agenda General Fund Revenue Issues State Budget and Revenues Where Will Referendum Dollars Go? Tax Rate Impact Per Pupil Revenue Comparison What Can You Do? Question and Answer Time 1 4 Referendum Committee Members Citizens and Educators Working Together for Students Citizen Members Dr. Jim Copp Pam Davis Jim Evans Dr. Jon Helvie Jim Landwerlen Dr. David Mandelbaum Ron Rose Terry Spradlin Joel Thacker Joe Waltermann Educator Members Cheryl DiPietro Dr. Paul Gabriel Patty Gardner Bruce Haddix Joyce Hartman Letha Hines Mark Koenig Jack Parker Todd Sheely Matt Shockley Strategic Plan Supports a GFR Fall 2009 Strategic Planning 8 Goals with 36 Strategies Top Six Strategies that are affected by GFR 2. General Fund Referendum 3. Provide Additional Staff to Lower Class Sizes 5. Equip Every Classroom With Technology 6. School Finance Communication 2 5 General Fund Referendum Why? School Funding in Center Grove General Fund Capital Projects Transportation Bus Replace -ment Debt Service Bond Severance 3 $43.1 M $6.9 M $3.2 M $0.9 M $12.8 M $1.1 M 6 1

2 5 of the 6 Funds General Fund Revenue Change INCOME Property Tax Excise Tax CVET (Commercial Vehicle Excise Tax) Miscellaneous (Grants, Fees, etc.) Percentage Increase Over Prior Years 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% -1.00% -2.00% -3.00% -4.00% -5.00% 3.58% 3.23% 2.96% 0.53% 5.23% 2.90% 2.22% -4.05% $6.9 M $3.2 M $0.9 M $12.8 M $1.1 M Budget 10 General Fund Picture of Belt Tightening INCOME Primary Source of Income through Funding Formula Sales Tax Not Property Tax EXPENDITURES 92% for Salaries and benefits for teachers, administrators, secretaries, librarians, custodians, extra-curricular activities, nurses Utilities Instructional Supplies $43.1 M 8 Previous Reductions Implemented 8/2009 $810,000 New Permanent Reductions Implemented 3/2010 $2,518,020 Impact on Administrators 5 Positions Cut = 16% reduction in positions Administrator Compensation Reduced.5% Administrator Benefits Reduced $227,589 If GFR Fails, Total Reduction = 23% in positions Total Permanent Savings $3,328, Decreasing General Fund Operating Balance Student Enrollment Growth Percent % 14.0% 12.0% 10.0% 15.1% $ % $ % $ % 11.9% $4.68 $ % $4.36 Percent Percent of General of General Fund Fund Millions Millions of Dollars of Dollars 11.1% $ % 8.7% % 4.0% 2.0% $ % $ % $ % % $

3 Total General Fund Revenue Per Student $6,000 $5,500 $5,000 $4,500 $4,000 $3,500 $3,000 $2,500 $5,055 $5,661 $5,384 $5,316 $5,013 This green arrow represents the $1.29M in new stimulus money Change in State Funding Total (State) Revenue is down 14.3% in last two years - Indiana Auditor of the State, Tim Berry Our declining economy has forced the state to decrease funding to schools. Schools throughout Indiana are making significant cuts. 9/20/ Bridge the Gap 14 Future State Budget The last two years, the state budgets were bolstered with $1Billion in Stimulus money AND $1Billion in Cash Reserves. How will the state balance 2012? Little to No Cash Reserves Stimulus Money Runs Out When Will Revenue Increase? Center Grove must develop a budget based on what we know. 17 Property Tax Reform Under Indiana s Property Tax Plan created in 2008, the state attempted to assume about $3 billion in costs that were previously funded through local property taxes. This began in 2009 when property taxes decreased. This removed all property taxes as a source of income for the general fund. 15 State Budget July 16, 2010 Table Represents Millions of Dollars Source: State Auditor, Tim Berry, July 16, 2010 State Auditor Web Site: ? $649M Additional Revenue = 5.3% Growth $642M Cash Reserve Spent 18 3

4 Positions and Programs That Will be Reduced if Referendum Fails 10 Teaching Positions 2 Middle School Deans Athletics Music Programs Professional Development Extra-Curricular Clubs Academic Competitions School Supplies Health Services Elementary Class Sizes Grade Level est K Average Class Size for 2010 = 24 Average Class Size with Additional 10 Elementary Teachers = Purposes of GFR Dollars Board Resolution Balance the budget and maintain our current programs as per board direction Provide additional positions that will work directly with students. (Examples include: Teachers, Classroom Assistants, Support Personnel) Maintain opportunities for students in the area of instructional technology Save jobs Absorb possible future reductions in state funding Impact on Students Smaller Class Sizes More individual attention from teachers Continued opportunities for students to find a point of success Students who are connected to school are more successful School safety Less disruptions allow for more learning Access to best instructional practices increasing student engagement Referendum Budget Dollars Raised via a GFR Part 1 Part 2 Part 3 Summary by Category Items approved by the Board in March to be funded by the Referendum Items needed to balance the 2011 General Fund budget Additional items that meet Board established goals (teachers, aides, social workers, technology) $1,508,756 $304,822 $1,536,422 Total $3,350,000 $3.35 M On March 17, the Board approved raising $3,160,000 per year for 7 years from property taxes. This will add $0.15 per $100 of Assessed Valuation to the school corporation tax rate. This will be in addition to the school corporation s normal tuition support. This will increase taxes for a home with an assessed valuation of $200,000 by: $147 per year $12.22 per month. 9/20/

5 Referenda in Metro Indy 5/10 5 of the 6 Indianapolis Metropolitan school districts who held General Fund Referenda in May of 2010 passed. The average for the 6 referenda were $4.3 Million with a $0.23 tax rate increase. Source Policy Brief, Referenda in Indiana Center for Evaluation and Education Policy Vol. 8, No. 2, 2010 School Funding Formula Inequities for Center Grove Center Grove Community School Corporation ranked 342 out of 344 school corporations and charter schools in the per pupil basic tuition support from the state in 2009? Indiana State House Legislative Services Agency CG Pupil funding was $4, Only Options Charter School in Noblesville ($4,950.43) and Lake Central School Corporation ($4,950.35) received less basic tuition support per pupil Tax Impact Calculator $100,000 $49.13 year - $4.09 month $150,000 $97.88 year - $8.16 month $200,000 $ year - $12.22 month $250,000 $ year - $16.28 month $300,000 $ year - $20.34 month $350,000 $ year - $24.41 month How does this funding compare locally in 2009? School Corporation Dollars Received Rank Center Grove CSC $4, Edinburg CSC $6, Franklin CSC $5, Greenwood CSC $5, Clark-Pleasant CSC $5, Nineveh-Hensley- Jackson United $5, Johnson County 2010 Tax Rate Comparison Clark Pleasant Franklin Edinburgh Center Grove Nineveh Greenwood $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ What are the disparities between the top funded school districts and Center Grove in 2009? School Corporation Dollars Received Difference Center Grove CSC $4, $13, $8, Prairie Township (LaPorte Co.) Dewey Township (LaPorte Co.) New Harmony Town & Township Con. Schools (Posey Co.) Aspire Charter Academy $10, $5, $8, $3, $8, $3, Gary CSC $8, $3,

6 How are schools funded in comparison to similar-size districts? School Corporation Dollars Received Difference/(Total) Center Grove CSC $4, Muncie Comm. Sch. $6, $1, ,953 Students (- $12,500,000) Brownsburg 6,947 Students Crown Point 7,173 Students Lafayette School Corp. 6,973 Students $5, $ (- $1,570,000) $5, $ (- $1,790,000) $5, $ (- $6,2260,000) What Can You Do? Vote on November 2 nd! Volunteer Fundraising Get Out the Vote Visit: to learn more Talk with your family and friends CGHS Best Buy Source: CGHS has been a Best Buy school since the Indiana Chamber of Commerce began reports in 1999 Greatest Variance between Quality Index and Expenditures CGHS has been a Head of the Class in 2000, 2001, 2002, and 2008 All of these Best Buys schools are wisely using taxpayer dollars to educate and prepare Indiana s future workforce. While being responsible with the community s investment, these schools are delivering a quality education to our children which is no easy feat. These communities should be proud of the schools achievements as both they and the students are reaping the benefits, states Indiana Chamber President Kevin Brinegar. 32 PUBLIC QUESTION CENTER GROVE TAX LEVY REFERENDUM For the seven calendar years immediately following the holding of the referendum, shall the school corporation impose a property tax rate that does not exceed fifteen cents ($0.1500) on each one hundred dollars ($100) of assessed valuation and that is in addition to all other property tax levies imposed by the school corporation? 35 The Bottom Line Referendum Fails RESULTS Referendum Passes RESULTS Referendum Website! No Referendum Fund Loss of Revenue = Loss of Teachers and Larger Class Sizes Many Programs Underfunded Pay to Participate, ECA WRT Property Values at Risk Referendum Fund - $3,350,000 Increased Revenue to maintain, and possibly enhance academic programs Fully Staff and Maintain All Current Extracurricular Activities Maintain WRT Property Values

7 Center Grove Our Students Their Future Our Responsibility Your Choice 37 7