1. Red Creek Central School District 2008-09 BUDGET VOTE AND BOARD of EDUCATION ELECTION INFORMATION Towns of: WolcottButlerSterlingVictoryConquest

2. PROPOSITIONS TO BE PRESENTED TO VOTERS 1. Approval – Budget Expenditure Amount for 2008-09: $17,000,000 2. Approval - School Bus Purchase Authorization 3. Board of Education Membership Election

3. BUDGET PROPOSITION General Fund Budget in the amount of $ 17,000,000 Increase from 2007-08 equals: 8.11% or $1,275,000 Important to Note: 3.51% or $552,100 of increase attributable to EXCEL Building Project 0% Tax Levy Increase

4. Why a 0% Tax Levy Increase State Aid increase in the form of Foundation Aid of approximately $780,000 The current condition of the economy Able to maintain existing programs If you don’t need it now, don’t ask for it now

5. SCHOOL BUS PURCHASE Two (2) Conventional 66-Passenger School Buses To replace two (2) diesel engine buses: Model year 1998 Total expenditures not to exceed $198,000 85% - 90% of expenditures are State Aided

6. REVENUE BREAKDOWN by percent of budget 2007-082008-09 State Aid 71.3% 74.0% Property Tax 23.6% 21.8% Other 5.1% 4.2%

7. Foundation Aid Fund Balance & Other Property Tax BOCES Aid Other State Aid

8. Instruction Community Service Undistributed General Support Transportation

9. What variables are used to calculate the tax rate? Amount of the School Tax Levy as set by the Board of Education Assessment of property as determined by the local Assessor Town equalization rate as set by the New York State Office of Real Property Services

10. Critical Question Since the Tax Levy is projected to increase 0%, will my tax bill be the same as last year? Not necessarily The school tax levy is only one part of the formula If assessments and/or equalization rates change in any one or more of the five towns in our district, your tax bill may increase or decrease.

11. Tax Levy HistoryDollar Increase% Increase 1998-99 $ 2,130,000 $ 40,0001.9% 1999-00 $ 2,170,000 $ 40,0001.8% 2000-01 $ 2,275,000 $ 105,000 4.8% 2001-02 $ 2,430,000 $ 155,000 6.8% 2002-03 $ 2,670,000 $ 240,000 9.9% 2004-05 $ 3,160,000 $ 280,000 9.7% 2005-06 $ 3,426,000 $ 266,000 8.4% 2006-07 $ 3,617,000 $ 191,000 5.6% 2007-08 $ 3,717,000$ 100,0002.8% Est. 2008-09 $ 3,717,000$ 0 0.0% Tax Information

12. Tax Comparison Based on a $60,000 Home 1997-98 2008-09 Taxes Taxes * $ Change 1997-98 2008-09 Taxes Taxes * $ Change Sterling$ 773.68 $ 570.00 $ (203.68) Victory$ 725.69 $ 461.70 $ (263.99) Butler$ 549.12 $ 449.70 $ (99.42) Wolcott$ 591.40 $ 404.73 $ (186.67) * Estimated amount based on a 0% increase in the tax levy and the basic STAR exemption of $ 30,000 * Based on 2007-08 assessments and equalization rates

13. Summary of 3-Part Budget Expenditures ApprovedProposedChangePercent BudgetBudgetInOf Category2007-082008-09DollarsChange Administrative $ 1,701,316 $ 1,838,472 $ 137,156 8.06% 8.06% Program 11,514,100 11,514,100 12,048,623 12,048,623 894,523 894,523 7.77% 7.77% Capital 2,509,584 2,509,584 3,112,906 3,112,906 603,322 603,32224.04% TOTAL $ 15,725,000 $ 17,000,000 $1,275,000 8.11% 8.11% The Laws of 1997 require districts to compute an Administrative percentage by dividing total Administrative appropriations by total Administrative plus Program appropriations. 2007-08 Administrative percentage is 12.78% (1,701,316 ÷ (1,701,316 + 11,514,100)) 2008-09 Administrative percentage is 13.24% (1,838,472 ÷ (1,838,472 + 12,048,623))

14. BOARD OF EDUCATION ELECTION VOTE for Any TWO (2) Two (2) vacancies: Beginning July 1, 2008 and ending on June 30, 2011 Candidates: Christina E. Smith Lawrence E. Curtis Incumbent

15. Budget Challenges Today and Beyond National and State Economy Fuel Prices Dependency on State Aid Uncertainty of State Aid Declining Enrollment Unfunded Mandates

16. VOTER QUALIFICATIONS Citizen of the United States Citizen of the United States Eighteen Years of Age or Over Eighteen Years of Age or Over Resident of the School District for 30 days Resident of the School District for 30 days Pre-Voter Registration Not Required Pre-Voter Registration Not Required

17. VOTE Tuesday, May 20, 2008 Tuesday, May 20, 2008 High School Lobby High School Lobby 12:00 noon – 9:00 p.m. 12:00 noon – 9:00 p.m.