Budget Study February 19, 2005

1
200809 Budget Hearing Presentation Adopted
Budget Overview
Board of Education May 6, 2008
2
Presentation Overview

• 2008-09 proposed budget
• Budgeted revenue
• Budgeted expenditures
• Tax impact

3
2008-09 Proposed Budget
4
200809 Budgeted Revenue
5
State Aid Budget Highlights

• The 2008-09 state budget provides historic
  level of investment in schools
• Total funding of 21.4 billion
• Total increase of 1.8 billion or 9.17
• New Foundation Aid Formula Phase in slowed
  down, but provisions essentially the same
• Provides for funding of 452 million for UPK
  (increase of 79 million) to support an
  additional 120,000 students throughout the State
• State budget maintains property tax relief
  through a STAR rebate program, although frozen at
  current year levels

6
2008-09 Budget Highlights

• Highlights
• Includes 7 retirements
• 255,000 or 0.6 of the budget increase is the
  result of the Pioneer capital project and the
  BOCES capital project, both of which we will
  receive aid on.
• Maintains all current staffing and academic
  programs
• Maintains reasonable class sizes and
  teacher-student loads
• Preserves elective and AP offerings at the high
  school level
• Includes the addition of a Curriculum Data
  Integrator to assist with the collection and
  analysis of district wide data and the
  implementation of data driven decisions in the
  classroom
• Maintains current levels of funding for various
  music, art, sports and extracurricular programs

7
2008-09 Budget

• Highlights (cont.)
• Expands academic intervention, afterschool
  programming (MS, Arcade, Delevan), guidance, and
  counseling services
• Maintains funding for district wide technology
• Provides funding for the implementation of new
  mandates and increases in other contractual
  expenses (New 403(b) regulations, GASB 45, legal,
  insurance, utilities, transportation, athletic
  fees, etc.)
• Expands replacement reserves (music equipment.,
  vehicles/bg equipment, building furniture,
  athletic uniforms)
• Moves the district closer to establishing long
  term contribution rates for TRS and ERS
• Increases part time SRO at the HS to full time
• Establishes a capital reserve fund to assist with
  the planning and financing of long term capital
  needs of the district

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PropositionCapital Reserve Fund

• Capital Reserve Fund
• Establishes a capital reserve fund to assist with
  financing with long term capital needs of the
  district
• Capital reserve to have a 15 year term
• 10,000,000
• Savings account
• No financial implications

9
PropositionIncrease in Library Tax

• Library Aid Tax
• Not part of the school tax or an allocation from
  the school district to the libraries
• It is a separate and independent tax levied
  against the residents of the Pioneer CSD to
  support the operations of the Arcade Free
  Library, Delevan-Yorkshire Public Library, and
  the Machias King Memorial Library
• The proposition is to increase the library tax
  levy 60,000 to be split evenly between the three
  libraries

10
Comparative Info

• If the budget is voted down
• Can opt for a revote
• The Board can adopt a contingency budget (which
  cannot exceed the dollar amount of the budget
  voted down by the public)
• Budget would have to be reduced by potentially up
  to 380,000

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3-Part Budget

• 3-Part format reported to the State
• Public will be provided both
• Departmental budget format
• 3-Part budget format

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Pioneer Central School DistrictDepartmental
Budget Comparison
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2008-09 Salaries Benefits Detail

• Salaries Benefits
• 799,594 from contractual salary increases
• Health insurance premiums will increase 9.5
  resulting in a budget increase of 214,575
• 82,832 increase in FICA, workers compensation
  disability expense

14
Governors Middle Class STAR Program

• State budget includes property tax relief that
  targets its benefits to middle income homeowners
• Benefit delivered to taxpayers in the form of a
  rebate check
• Program provides benefits to taxpayers on a
  sliding scale based on income, with benefits
  declining as homeowner income exceeds 90,000
  (phasing out at 250,000)
• 79 of NYS homeowners qualify for the maximum
  benefit
• 44.5 of Pioneer students qualify for free or
  reduced lunch

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Taxpayer Impact

• Assuming
• 100,000 full value home with Basic STAR
• Three (3) scenarios for tax levy and additional
  assessments

• Comparison
• Tax rate ranges from 13.80 to 14.21
• Net dollar change in tax bill ranges from -21 to
  0 (21 range)

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Historical Expense Analysis
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Staffing Analysis
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Pioneer Central School DistrictAnnual Budget
Vote Information

• Budget 43,304,400
• Date Tuesday, May 20, 2008
• Location Pioneer High School
• Time Between the hours of 600am and 900pm
• Board of Education
• Three (3) open seats