Paramus Public Schools 2010 – 2011 Budget Public Hearing Presentation Ms Shelia Criscione, Board President Mr. Anthony Balestrieri, Chairman, Finance Committee Dr. James Montesano, Superintendent Mr. Gary Lane, Assistant Superintendent/ Business Administrator

~ Proposed Budget ~ The proposed budget represents the Administration and Board of Education’s recommendations as the best budget to maintain the quality of our educational programs while being mindful of the tough economic times everyone in New Jersey is presently experiencing.

~ What Happened? ~ Governor’s Executive Order #14 – February 16, 2010 – reduced current year state aid February 16, 2010 – reduced current year state aid Governor’s Budget Message – March 17, 2010 – eliminated 99.8% of state aid for March 17, 2010 – eliminated 99.8% of state aid for Paramus Board of Education Meeting – March 22, 2010 – adopted tentative budget for fiscal year in the general fund amount of $72,140,793 March 22, 2010 – adopted tentative budget for fiscal year in the general fund amount of $72,140,793

~ What Does this Mean? ~ Loss of 29% of state aid ($1,024,000) for the school year. Loss of 99.8% of state aid ($3,546,714) for the school year. $4,800,000 budget deficit for

~ What is the Impact on the Paramus Public Schools? ~ Elementary Schools Elementary Schools 2 Classroom teachers 3 Academic Enrichment Teachers 1 BSI Teacher Middle Schools Middle Schools 0.7 Phys Ed Teacher 1 Reading Specialist 1 Media Specialist 1 Academic Enrichment Teacher High School High School 1 French Teacher 1 Family/Consumer Science Teacher 2 Phys Ed Teachers 1 Creative Arts Teacher Special Education 4 Special Needs Teachers Administrative Reductions Reduce Assist. Superintendent Interim Director of Special Services Reduction in Support Staff Secretarial/Support Staff 3 Library Clerks 4.5 Secretaries 8 Lunch Aides 2.7 Instructional / Media Center Aids Staff Reductions (18.7 positions)

~ Other Areas of Reductions ~ 10% reduction in supply accounts Reduction in construction services/maintenance projects Reduction in tuition account Reduction of 50% in summer custodial help Eliminate Elementary/Middle School field trip account Reduction of $30,000 for extra-curricular activities at the Middle & High Schools Summer school fee Reduction in substitute custodian account

~ Budget Highlights ~ Maintain Class Size Maintain Extra-curricular Activities New Math Curriculum Middle School Restructuring Phase II Technology Program

~ Areas of Consideration ~ Bus Transportation Program Collective Bargaining Concession Bedside Instruction Services

Budget Brief ~ REVENUES State Aid REDUCED by 99.8% ($3.5 million) Decrease in budgeted fund balance of $125,000 EXPENSES Regular increases in costs of operations including salaries, energy, health, etc. Overall Operating Budget DECREASE OF $923,873 (1.3%) {Net of prior year encumbrances & Capital Reserve Projects}

~ Changes in State Aid ~

~ Tax Levy Request – Historical ~

~ Tax Impact ~ On an average home assessed at $535,312 the tax impact estimate is: An Increase of 3.96% Which equates to: ~ $14.93 per month ~ Or ~ $ per year ~

If the budget is defeated, what happens next?

TUESDAY, April 20 th Polling places are open from 2:00 – 9:00 pm Memorial School Midland School Parkway School Ridge Ranch Stony Lane Eastbrook MS Westbrook MS High School Districts 8, 9 & 11 Districts 15 & 16 Districts 12, 13 & 14 District 7 Districts 19 & 20 Districts 3, 4 & 10 Districts 17 & 18 Districts 1, 2 & 5, 6 Where / When Do I VOTE?

Thank You! Questions? Sheila Criscione, Board President Board President Mr. Anthony Balestrieri, Finance Chair Finance Chair Dr. James Montesano, Superintendent Gary S. Lane, Assistant Superintendent Business Administrator