NIAGARA FALLS CITY SCHOOL DISTRICT BUDGET
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Transcript of NIAGARA FALLS CITY SCHOOL DISTRICT BUDGET
NIAGARA FALLS CITY SCHOOL DISTRICT
BUDGET
Tuesday, May 15, 2012 Noon - 9 p.m.
Families need the money they earn. Despite difficult economic challenges, the District has not raised the tax levy
in 19 years.
Tax Levy
Tax Levy History
Year19931994199519961997199819992000200120022003200420052006200720082009201020112012
Tax Levy$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688
If increases in the tax levy had kept pace with the inflation rate in the last 19 years, the levy would be about 44% higher than it is today!
Inflation Rate vs. Tax Levy
Reducing Costs
Consolidated buildings
Streamlined operations
Reduced healthcare costs
Committed to energy efficiency
A LOOK AT REVENUEAll Sources
State Sources
Property Tax
Other Revenue Sources
72.4%
21.5%
6.1%
2010 - 2013 Budget History
2010-11 Budget was $126,003,417
2011-12 Budget $121,057,9592012-2013 Proposed $122,438,834Difference Increase of 1,380,875Change Increase of 1.14%
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1) Revenues include assumed use of $2.751 million of fund balance. This leaves $1.5 million for future use, as well as any fund balance generated in 2011-12.
2) Assumes a $1.2 million restoration of State Aid.
3) There Is no increase to the Tax Levy.4) Salary savings include contractual increases and all corresponding benefits.5) Workers' Compensation - is a one time use of a portion of District's Workers'
Comp Reserve. This will leave $587,716 for future use.6) ERS / TRS - reflect savings from amortization of pension cost increases in
2012-13.7)
8)Debt Service – is an estimate of interest savings due to refinancing of DASNY bonds in Fall 2012.Budget includes $100,000 in General Fund Budget line A 9950.9 for capital outlay per State law provision.
Parameters for 2012-13
A LOOK AT EXPENDITURES
41.2%
21.8
19.8%
10.2%
Salaries
Benefits
Other Exepnditures
Debt Service
Transportation
Utilities
5.7%
1.3%
Administration
Program
Capital
TOTAL
$12,786,678
$88,039,685
$21,612,471
$122,438,834
2012-2013 EXPENDITURES IN REQUIRED
BUDGET VOTE FORMAT
2012 - 2013 Key Point
The District receives
$12.5 million LESS in revenue than it did just
three years ago.
Reductions in Force
NFT 6ASC 0CSEA 5FT/31PTTAUL 2FT/32PTNIAS 0
Total: 13FT/4 Reductions in Force
63PT Fewer than 24 hours per week
May 15, 2012
Noon to 9 p.m.
VOTE!
Not sure where to vote? Call District Clerk Ruthel
Dumas at 286 4204.
Bring your neighbors to the polls!
Thank You For Your Interest!