1. N B C Regional School District Proposed 2010-2011 Budget

3. NBC: First In the County To Go Green !!! Solar Panels Are Installed Roof Repair Is Completed HVAC Upgrades Fire System Replaced $95,000 SREC Projected $30,000 Electric Savings $40,000 Reduction in Capital Outlay Projections

4. BUDGET AT A GLANCE General Fund 2010 Total $31,037,679 2011 Total $30,963,619 Total General Fund Decrease: ($76,060) or (0.24%)

5. General Fund Spending “Below Zero” Growth FY’10 = $31,037,679 FY’11 = $30,963,619

6. ($76,060) Decrease In General Fund Spending (0.24%) Solar Project Revenue Incentives ($125,000 Savings & Revenue) Continued Rise In Fixed Costs: Utilities - Sewer (25%) Energy - Gas & Electric (10%) & Health Care Costs (27%)

7. 4% Cap on Tax Levy Increase2.5% Proposed Cap on Tax Increase2% Cap on SurplusNo Cap Waivers

8. IT’S THE LAW FY’10 $2.1 Million Cut in State Aid FY ’11 $1.6 Million Reduction in State Aid 4% Cap on Tax Increase for FY’11 $639,857

9. Key Components:  Significant Revenue Reductions:  $2.1 Million Reduction in State Aid For FY’10 This is the result of the Executive Order #14 Governor Christie passed in January. Northern Burlington is appealing this action. A successful appeal will reinstate much needed impact aid for FY’11 and FY’12.  $1.6 Million Reduction in State Aid For FY ’11 There is no appeal for this reduction. Northern Burlington has acted swiftly and prudently to develop a spending plan that reflects these reduced revenues with a focus on academic stability.  $240,000 Additional Cuts if 2.5% Tax Cap Impose Governor Christie’s Budget proposes a 2.5% Tax Cap (3/14/10)

10. IT’S THE LAW Cuts Administration Cuts Faculty and Support Staff Maintains All Academic, Athletic, and Extra-Curricular Programs

11. Significant Appropriations Reductions (Personnel) Administrative Positions Faculty Positions Support Staff Positions $120,000 1.5 Positions $500,000 7.5 Positions $275,000 4 Positions

12. Significant Appropriations Reductions (Non-Personnel) Energy Capital Outlay Building & Grounds $125,000 SREC’s and Credits To Subsidize $120,000 Minimize Computer Replacement $140,000 Stop Model Classroom Renovations and Classroom Furniture Replacement

13.  This represents only a 4% increase in the Local Tax Levy.  This is the figure voters will be asked to approve in the school election on April 20, 2010. Amount to be raised in taxes For the General Fund budget. $16,636,278 GENERAL FUND TAX REVENUE

14. This figure includes appropriations for current expense and capital outlay which includes a State assessment fee for construction grant monies in the amount of $103,912. 2010-2011 General Fund Budget $30,963,619* *.24% Decrease BUDGET AT A GLANCE

15. This figure combines the General Fund and Debt Service budget and includes the State mandated Assessment fee to the School Development Authority (SDA). Total 2010-2011 Budget $34,284,346* *less than a 1% Increase BUDGET AT A GLANCE

16. Revenue Summary State Aid 33% Local Taxes 54.5% Fund Balance 7.5% Miscellaneous 1.3% Federal Aid 3.7% $34,284,346

17. REVENUE SUMMARY FY’2011

20. Allocation of Equalized Valuation - CEIFA 10/11 District #Municipality Equal. Value of Municipality Elementary Enrollment 10/15/09 Regional Enrollment 10/15/09 Elementary Percent Elementary Equalized Valuation Regional Equalized Valuation 2010-11 Percent Share 0830Chesterfield720,868,05249333159.83%431,295,356289,572,69621.8599351% 2960Mansfield1,336,609,69769759453.99%721,635,575614,974,12246.4245924% 3650North Hanover496,725,2771,01563261.63%306,131,788190,593,48914.3879632% 5010Springfield479,592,28530427952.14%250,059,417229,532,86817.3275093% NBC3,033,795,3112,509.01,836 1,709,122,1361,324,673,175100.0000000% Allocation of Equalized Valuation - CEIFA 09/10 District #Municipality Equal. Value of Municipality Elementary Enrollment 10/15/08 Regional Enrollment 10/15/08 Elementary Percent Elementary Equalized Valuation Regional Equalized Valuation 2009-10 Percent Share 0830Chesterfield671,382,76343929160.14%403,769,594267,613,16919.7068418% 2960Mansfield1,349,939,97268762552.36%706,828,569643,111,40347.3582624% 3650North Hanover556,802,4741,01062961.62%343,101,684213,700,79015.7367729% 5010Springfield499,028,83931627853.20%265,483,342233,545,49717.1981229% NBC3,077,154,0482,452.01,823 1,719,183,1891,357,970,859100.0000000% Allocation of Equalized Valuation - CEIFA 08/09 District #Municipality Equal. Value of Municipality Elementary Enrollment 10/15/07 Regional Enrollment 10/15/07 Elementary Percent Elementary Equalized Valuation Regional Equalized Valuation 2008-09 Percent Share 0830Chesterfield601,851,46139926060.55%364,421,060237,430,40118.6770761% 2960Mansfield1,305,662,09568361152.78%689,128,454616,533,64148.4986155% 3650North Hanover455,320,1081,02567460.33%274,694,621180,625,48714.2086100% 5010Springfield481,877,71031630550.89%245,227,567236,650,14318.6156984% NBC2,844,711,3742,423.01,850 1,573,471,7021,271,239,672100.0000000%

21. Tax Impact

22. District 8: Mansfield & Springfield Senator PHILIP E. HAINES - Republican District Office: 32A North Main St., Medford, NJ 08055 (609) 654-1498PHILIP E. HAINES Assemblywoman DAWN MARIE ADDIEGO - Republican Votes by Bill District Office: 32A North Main St., Medford, NJ 08055 (609) 654-1498DAWN MARIE ADDIEGO Assemblyman SCOTT RUDDER - Republican District Office: 32A North Main St., Medford, NJ 08055 (609) 654-1498SCOTT RUDDER

23. District 30: Chesterfield & North Hanover Senator ROBERT W. SINGER - ROBERT W. SINGER Republican District Office: 2110 W. County Line Rd, Jackson, NJ 08527 (732) 901-0702 Assemblyman RONALD S. DANCER - Republican District Office: 2110 W. County Line Rd., Jackson, NJ 08527 (732) 901-0702RONALD S. DANCER Assemblyman JOSEPH R. MALONE, III - Republican District Office: 311 Farnsworth Avenue, Bordentown, NJ 08505 (609) 298-6250JOSEPH R. MALONE, III

24. NBC Will Weather The Fiscal Storm