School District of Green Lake

Transcription

1 School District of Green Lake Board of Education Public Information Meeting For the February 16, 2010 Referendum 1

2 Revenue Limit Calculation Since 1993, all Wisconsin school districts have been operating under a State-imposed law that limits the amount of revenues the District receives form state aid and tax levy to pay operating expenses. The revenue limit calculation is impacted by the District s student enrollment. Districts cannot exceed the revenue limit without voter approval. The revenue limit does not contain a component for funding capital projects. The student enrollment factor consists of a three-year average of the September FTE membership plus 40% of summer school enrollment. The calculation of student enrollment for the School District of Green Lake is as follows: 2

3 Historical & Projected Revenue Limit Without 2010 Referendum * * Includes Energy Exemption 3

4 Budget Deficits Due to State Law 4

5 Referendum to Exceed Revenue Limit District electorates vote on a question requesting authority to levy an additional amount of dollars, beyond the allowable revenue limit calculation, to cover the Revenue Cap Deficit and pay expenses. These expenses include salaries and fringes, utilities, transportation, supplies, technology, equipment, maintenance repairs to facilities, etc. Permission to exceed the revenue limit gives the School Board authority to levy taxes, which exceeds the state imposed limit, in the amounts and in the manner specified in the referendum question. This authority does not give the School Board permission to borrow money. The term non-recurring is used to indicate the dollar amount of authority for specified budget year(s). The term recurring is used to indicate the dollar amount of authority beginning with a specified budget year and continues each budget year thereafter (on-going). 5

6 Reason for Referendum Revenue Limit Formula Declining Revenue Creates gap between budget and taxing authority. Board Seeks Community Direction Quality of Education Direction for Future Preserve Existing Staffing, Programs and Services Provide for Building Maintenance and Technology Referendum Date February 16, 2010 Contractual Timetable Layoff Notices Due April 15,

7 Referendum Question 7

8 Historical & Projected Revenue Limit with 2010 Referendum * Includes Energy Exemption 8

9 Historical & Projected Tax Levy with 2010 Referendum 9

10 Projected Tax Rate with 2010 Referendum Per $1,000 of 2009 Equalized Valuation 10

11 Voting on Referendum Question Voting Yes Provides authority to exceed the revenue limit by amounts stated in Referendum question District retains existing staffing, programs and services Referendum provides $100,000 each budget year for building maintenance and technology Electorate votes on District s annual tax levy each year at annual meeting Projected Tax Impact Neutral for first two budget years 2010/11 and 2011/12 $0.19 increase per $1,000 of equalized value beginning 2012/13, $0.03 increase for 2013/14, and a reduction of $0.02 for 2014/15, for an average increase of $0.20 Example: For $100,000 property, $0.20 tax rate equals $20.00 based upon 2009 Equalized Valuation 11

12 Voting on Referendum Question Voting No No authority is given to exceed revenue limit Budget reductions must occur each year in staffing, programs and services No funding is available for building maintenance and technology Projected Budget Reduction of $660,000 for 2010/2011 Projected tax impact Decline in taxes for 2010/11 - $0.63 per $1,000 of equalized value 12

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14 10- Year Historical Tax Rate Comparison Green Lake vs State Average 14

15 Revenue Comparison Local/Other $4,468,443 89% Energy Project $0 0% State $218,133 5% Federal $162,664 3% Open Enrollment $155,373 3% Total $5,004,613 Local/Other $4,357,583 74% Energy Project $490,000 8% State $291,172 5% Federal $476,862 8% Open Enrollment $257,800 5% Total $5,873,417 15

16 Expenditure Comparison Salaries/Fringe $3,447,087 71% Governmental Pmts $374,287 8% Supplies/Equipment $259,337 5% Travel $200,469 4% Personal/Property $259,232 5% Energy Project $0 0% UUliUes $111,149 2% Other $237,148 5% $4,888,709 Salaries/Fringe $3,539,400 58% Governmental Pmts $700,232 12% Supplies/Equipment $417,614 7% Travel $251,809 4% Personal/Property $321,022 5% Energy Project $490,000 8% UUliUes $128,800 2% Other $239,540 4% $6,088,417 16

17 Staffing Comparison Teachers AdministraUon 3.2 Support Teachers AdministraUon 2.5 Support

18 Consolidation Considerations The District has reviewed statistics for consolidating with other school districts twice in the past ten years. Consolidation has not been pursued based on: Green Lake Public School is an important community asset Consolidation could significantly increase the tax rate for electorate of Green Lake School District The process of consolidating districts requires successful passage of referendums by the electorates of both districts consolidating. Timetables for school districts actively pursuing consolidation commonly require two or more budget years. 18

19 Student Achievement 86.5% 81.4% 80.3% 70% 89% 76.7% 85.9% 74.4% 90.1% 82.2%

20 What is the Tax Impact on a $100,000 value home. Based upon the 2009 Equalized Valuation? $60 $60 Year One & Two $0 Year Three thru Five $20/year $60 $60 Cumulative Total 20