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Published byHarriet Cummings Modified over 8 years ago
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NIAGARA FALLS CITY SCHOOL DISTRICT BUDGET Tuesday, May 15, 2012 Noon - 9 p.m.
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Families need the money they earn. Despite difficult economic challenges, the District has not raised the tax levy in 19 years. Tax Levy
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Tax Levy History Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Tax Levy $25, 076,688
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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
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Reducing Costs Consolidated buildings Streamlined operations Reduced healthcare costs Committed to energy efficiency
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A LOOK AT REVENUE All Sources
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2010 - 2013 Budget History 2010-11 Budget was $126,003,417 2011-12 Budget $121,057,959 2012-2013 Proposed $122,438,834 Difference Increase of 1,380,875 Change Increase of 1.14%
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3 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
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A LOOK AT EXPENDITURES
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Administration Program Capital TOTAL $12,786,678 $88,039,685 $21,612,471 $122,438,834 2012-2013 EXPENDITURES IN REQUIRED BUDGET VOTE FORMAT
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2012 - 2013 Key Point The District receives $12.5 million LESS in revenue than it did just three years ago.
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Reductions in Force NFT 6 ASC 0 CSEA 5FT/31PT TAUL 2FT/32PT NIAS 0 Total: 13FT/4 Reductions in Force 63PT Fewer than 24 hours per week
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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!
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