2014-2015 Superintendent’s Proposed Budget

4-22-14

By: Ben Halsey, Superintendent &

Nancy Squairs, Business Administrator

Oswego City School District

Where Learning Never Ends…

2014-15 Expense Projection

Expenditures2013-14 Budget

2014-15

BudgetVariance

General Support 9.0 9.0 0

Instruction 35.6 36.2 .6

Transportation 3.0 2.9 (.1)

Employee Benefits

24.2 24.1 (.1)

Debt Service & Interfund Transfers

6.4 7.7 1.3

Total Expenses $78.2 $79.9 $1.7$ in millions

Budget ReductionsInstructional FTE

Foreign Language 1.00English 2.00Social Studies 2.00Math 2.00Science 2.00Technology 1.00Principal 1.00School Psychologist 1.00Guidance Counselor 1.00

Budget ReductionsInstructional FTE

Elementary Teacher 1.00Reading Teacher (2) 1.05Play Therapist 1.00Special Education Teacher 1.00Director of Literacy .30

Total Instructional 17.35

Add: School Counselor 1.00Net Reductions 16.35

6 reductions through retirements or vacancies

Budget ReductionsNon Instructional FTE

Typist 1.50 School Monitor(2) 1.00

Director of Security 1.00Custodians 2.00Grounds worker 1.00Mechanic 1.00Purchasing Clerk 1.00Microfilm Operator 1.00Teacher Aides 3.00

Total 12.50Add Security Guard 1.00

Net Reductions 11.50

6 reductions through retirements or vacancies

Budget ReductionsEfficiency Reductions

Athletic Trainer Overtime 9,2002 Modified Soccer Coach 10,200Transportation Savings 150,000Universal PreK 40,000Technology Hardware 44,000Conference Travel 20,000Supplies reduced 15% 84,000Equipment Reduced 15% 35,000Field Trips Reduced 10% 4,600ERS/TRS 156,000Total $553,000

Key Components of The Tax Cap

What is the property tax cap?

9 Step calculation to establishes a limit on the annual growth of property taxes levied by local governments and school districts.

Who is subject to the tax cap?

The cap applies to all independent school districts outside of the Big Five Cities and to all local governments including counties, cities, towns, villages and special districts.

Key Components of The Tax Cap

Are there exceptions to the tax cap?

There are limited, narrow exclusions to the cap, including certain costs of significant judgments arising out of tort actions and unusually large year-to-year increases in pension contribution rates.

Is there an override mechanism to the tax cap?

The tax levy cannot exceed the cap unless 60 percent of voters (for school districts) or 60 percent of the total voting power of the governing body (for local governments) approve such increase.

Tax Freeze LegislationFiscal Year 14-15

If a school district has a freeze compliant budget, the taxpayer will receive a credit on their primary residence.) Difference between their 13/14 property taxes and their 14/15 property taxes

2013/2014

Ex. Property Value of 100,000 with Basic STAR

(100,000-30,000) x 19.04)/1000

$ 1334.00 Taxes

2014/2015

Ex. Property Value of 100,000 with Basic STAR

(100,000-30,000) x 19.80)/1000 $1386.00 Taxes

For primary residence rebate would be $52.00

Questions???