LRSD 2018 19 Budget Infographic 2€¦ · The budget serves the needs of 15,458 students projected...
Transcript of LRSD 2018 19 Budget Infographic 2€¦ · The budget serves the needs of 15,458 students projected...
Maintaining the full-day kindergarten pilot (8 classrooms in 4 schools)
Maintaining and repairing our aging schools, while also making capital investments
(not supported by the Province) to increase non-instructional spaces in our schools
with additional needs
Maintaining our investments in Indigenous education, languages, and cultures
The budget serves the needs of 15,458 students projected for 2018-19
3.6%
The Province’s share of the budget in LRSD is 47.5% (not including the Education Property Tax Credit of 11.7%)
To meet the demands of enrolment growth, LRSD’s total Budget for 2018-19 is $189,838,129
This requires a total expenditure increase of $5,817,440 or 3.16%
The growth we’re seeing results in a very small per pupil increase of 0.315%
The reduction in the Tax Incentive Grant (TIG) adds 1.1% to the property tax increase Were the Province not reducing the TIG, the property tax increase would be 2.4%
2018-2019 Budget
The LRSD School Board continues to invest in students and
operations to focus resources to the classroom.
The Board will meet the Minister of Education’s new Special Requirement taxation cap of 2.0%.
Tax increase – 3.5%
Special Requirement increase – 1.96%
$5.54/month or $66.42/year for the average LRSD home
The expenditure increase results in a 1.96% increase to the Special Requirement, as per the Minister of Education’s request to limit the increase to 2%. The Special Requirement is based
on the school year and property taxes are based on a calendar year, hence, the special requirement increase translates to a 3.5% increase to the Special Levy for 2018.
2014 - 15 2015 - 16 2016 - 17 2017 - 18 2018 - 19
14266
1452914738
15013
15458 Enrolment is projected to increase by 445 students for next year
2014 - 152013 - 142012 - 132011 - 12 2015 - 16 2016 - 17 2017 - 18 2018 - 19
The approved budget was developed in consultation with community members. Budget highlights include:
Hiring 20.5 new teachers to meet the needs of a growing student population and to
help maintain lower class sizes
Student to Classroom Teacher Ratio
Total Enrolment
19.89
20.06
19.4719.37
19.00
18.6518.50
18.72
(including $1,108,318 Capital Fund expenditures)