Scotia Glenville Budget Development Update

1
Scotia Glenville Budget Development Update

• Elementary Enrollment
• Governor Patersons Budget
• The American Recovery and Reinvestment Act
• March 9, 2009

2
Enrollment Numbers

• Overall enrollment projections were included in
  the Long Range Plan you received on Friday
• Projected elementary enrollments were also
  included in the Long Range Plan and indicate
  class sizes in 2009 2010 are within the
  districts guidelines

3
Governor Patersons Budget

• The Superintendents Recommended Budget includes
  1,594,415 one-time deficit reduction and
  150,000 cost shift (from county to district) for
  CPSE
• What information is presently circulating about
  these funds?
• Governor has said he will use state stimulus
  funds to cover the one-time deficit reduction
  or restore foundation aid

4
The American Recovery and Reinvestment Act

• Three Funding Sources for Schools
• Funds flowing through established federal
  formulas, Title 1, IDEA, Title II, McKinney Vento
  Homeless Act, Impact Aid
• Funds flowing through the State Stabilization
  Fund, controlled by the governors and existing
  state funding formulas
• Tax Credit Bonds for new construction and
  Qualified Zone Academy Bonds for renovation and
  modernization
• AASA 03/03/09

5
Title 1 and IDEA Allocations

• Tentative Title I allocation increase is 155,308
• Tentative IDEA allocation increase is 666,000
• What information is presently circulating about
  these funds?
• Two possible payout scenarios.the funds will
  come all at once and districts will have 27
  months to obligate the funds after they are
  received or the funds will come over two years
• Guidance regarding supplement versus supplant
  requirements for federal flow through dollars
  pending..50 possibility

6
Stabilization Funds for Schools

• 53.6 billion in Stimulus Fund for Schools
• 39.5 billion can be used for any purpose in
  Elementary and Secondary Education Act
• Additional 5 billion for competitive grants
• Additional 8.8 billion can be used in their
  state budget, including education school
  construction

7
QZABS and Bonds

• 24.8 billion for Qualified Zone Academy Bonds
  and Tax Credit Bonds
• 22 billion in Tax Credit Bonds for new
  construction
• 2.8 billion for QZAB for renovation and
  modernization
• Separate direct funding for school modernization
  was cut from the final bill and added as an
  allowable use in the state fund
• We have no information about how that money will
  be made available to schools

8
What could this mean for Scotia-Glenville?

• If the governor eliminates the one time deficit
  reduction assessment of 1.594 million and
  restores that amount to our foundation aid
• All or some portion of the dollars could be used
  to reduce the tax rate
• All or some portion of the dollars could be used
  to restore the superintendents suggested
  reductions

9
What could this mean for Scotia-Glenville?
(continued)

• Federal stimulus funds may be able to be used to
  supplant local cost in Title 1 and IDEA
• If 50 of IDEA funds can be used to supplant
  local share in the budget, 333,000 could be used
  for that purpose
• We dont know what the supplement / supplant
  guidance for Title 1 will be

10
Some thoughts..

• Susan would
• Continue to recommend a reduction in the
  budget-to-budget calculation
• Suggest the Board continue with budget
  development as planned..meaning a discussion of
  currently proposed items and Board interests
• Continue to monitor state budget development and
  the stimulus plan