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BUDGET HEARING V
The Board concluded its long series of meetings in
preparation of the 2005-06 budget proposal, which
will have two propositions:
- Proposition 1: 2005-06 Operating Budget
- Proposition 2: Use of Reserve Funds to Complete
Athletic Facilities Project.
District administrators John
Chambers and Greg Carlson presented an overview of
both propositions, and called attention to the availability
of more detailed materials, including the 16-page
booklet which was due to be mailed to all households
on May 4, and a video summary which will run on Cable
TV in the week before the May 17 budget vote.
In This Issue..
| BUDGET
HEARING V |
1&2 |
BUSINESS
AGENDA-
Program Report: Progress on Board Goals
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2 |
|
Policies
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2 |
| Other
Business |
2 |
| Coming
Attractions |
2 |
| Board
Action Summary |
3 |
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Proposition 1, the operating budget, asks for voter
approval on expenditures of approximately $59.5MM.
This represents an increase of 8% over the current
year's operating budget, with key factors in the increasing
including:
- Continuing enrollment growth;
- Employee contractual agreements;
- Employee benefits (including increases for the
Retirement System payments, and health insurance
premiums).
Estimated school tax rate changes are detailed in
the mailings, showing New Castle, Bedford, and Mt.
Pleasant with tax rate decreases, and North Castle
with a tax rate increase of 9.53%. The equalization
rate, set in Albany, is a key factor in all of these
rate changes, and accounts for about one-quarter of
the North Castle increase.
Proposition 2 asks authorization to reallocate up
to $1.6MM from District reserves for the completion
of the Athletic Facilities Project. Much of the fields
work is complete, with fields in use, but several
brick and mortar items remain.
There is no 2005-06 tax impact in the use of this
money from reserves, and the District expects to replenish
the
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