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From the Desk of Superintendent Michael Nagler - September 10, 2010

Let’s Not Forget What Is Driving The Bus

In all of the discussions about how the school district reconfigures, let’s not lose sight about why we need to reconfigure. Although it is very early to calculate these numbers, here is what the 2011-2012 budget looks like now.

• Loss of ARRA aid monies in 2011- $650,000

• Loss of ARRA special aid monies in 2011- $480,000

• Reduction of state aid- 2010-2011 amount is $600,000 less than year before

• No assurances that State aid will not be reduced further

• Most recent pension notification states 2011-12 will be a “significant increase over 8.62”

• Health costs expected to increase in January 1, 2011 NYS Empire plan predicts as much as a 13 percent increase.

• Contractual obligations to pay accrued sick days when staff retire

• GASB 45- eventual requirement to accrue for post employment benefits

• Possible property tax cap

If we rolled over our current budget at 5.5 percent next year’s proposed budget would be $84,535,644.  Right now our revenue would be approximately $6,400,000, making our levy $78,135,644.  That is a 6.9 percent tax levy increase.  In order to get the budget to 2.5 percent we would need to make reductions of $3,244,939.  Even with closing a school in 2011 this number will be a challenge to achieve.

Passing the proposed bond will not affect the tax levy next year.  In fact by the time we borrow the money we will have paid off the current $10,045,000 bond.  This will allow the new payments to take the place of the old bond payments.  More important, this bond will add a revenue source (renting Meadow) to help offset the loss of Federal monies, thereby reducing the levy. Please visit my blog, Nagler’s Notions, at