Legislative Update February 23, 2011. Past Week and a Half Governor releases Budget Repair Bill Governor releases Budget Repair Bill District voluntarily.

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Presentation transcript:

Legislative Update February 23, 2011

Past Week and a Half Governor releases Budget Repair Bill Governor releases Budget Repair Bill District voluntarily settles with all five unions for the and school year District voluntarily settles with all five unions for the and school year State Senators delay Budget Repair Bill State Senators delay Budget Repair Bill Budget Repair Bill delays State biennium budget Budget Repair Bill delays State biennium budget

Legislative Impact Budget Repair Bill: Budget Repair Bill: Doesn’t reduce aid to South Milwaukee further for (As of yet!) Doesn’t reduce aid to South Milwaukee further for (As of yet!) Would decrease district WRS contributions by 50% effective July 1, 2011 Would decrease district WRS contributions by 50% effective July 1, 2011 Would decrease the district health insurance premium share effective July 1, 2011 Would decrease the district health insurance premium share effective July 1, 2011 Would allow flexibility and certainty in salary & benefit costs in future budget years Would allow flexibility and certainty in salary & benefit costs in future budget years

Legislative Impact Governor’s Biennium Budget Bill Governor’s Biennium Budget Bill Revenue Limit Changes Revenue Limit Changes State Aid Changes State Aid Changes Chapter 220 Chapter 220 Equalization Equalization Special Education Special Education SAGE SAGE Grants Grants 4 year old kindergarten 4 year old kindergarten Reduced Revenue Limits and State Aid will result in budget adjustments Reduced Revenue Limits and State Aid will result in budget adjustments

Next Step Project Deficit (State Bills Needed) Project Deficit (State Bills Needed) Revenue Limit Change Revenue Limit Change Aid Change Aid Change Expenditure Clarifications Expenditure Clarifications Budget Recommendations (March 2 nd ) Budget Recommendations (March 2 nd ) Public Hearing (March 9 th ) Public Hearing (March 9 th ) Budget Work Session (March 16 th ) Budget Work Session (March 16 th ) Budget Approval (March 23 rd ) Budget Approval (March 23 rd )