Transcript Clinton Township Schools Budget Workshop February 25,2013

Lebanon Borough School
2013/2014 Budget Hearing
March 21,2013
Heather Spitzer-Business Administrator
Tim O’Brien-Superintendent
Budget Process 2013
•
•
•
•
•
•
•
•
Needs based
Priorities set by administration and BOE
Mandates and Costs
Savings & Revenue
Enrollment
Year Over Year Comparisons
State Aid Summary
Tax Rate Calculations & Tax Impact
Needs & Goals
• Student Achievement
• Safety & Security
• Maintain community investment in Facilities
• Fiscal Responsibility
Unfunded Mandates
• PARCC (online testing)
• Teacher & Principal
Evaluations
• State Curricular
Changes with Mandated
Timelines
• HIB
• Special Education
Law and ADA
compliance(504)example: there is no
funding for any 504
requirements.
Summary of 13-14 State Aid
12/13
State Aid
13/14
State Aid
Change in
State Aid
Transportation Aid
12,469
12,988
519
School Choice Aid
99,632
38,478
(61,154)
Special Education Aid
64,973
64,267
(706)
7,929
7,997
68
61,273
61,273
185,003
0
Security Aid
Adjustment Aid
185,003
Budget Highlights
Facility
•
•
Security System Upgrade
HVAC Project
Unfunded State Mandates
•
Staff and Student Information
System
•
Teacher Evaluation System
Curriculum & Programs
• Professional Development – New
CCCS
• Instructional Hardware / Supporting
Technology
• Benchmark Testing Preparation
• Art – increase in time 1 day per week
• Establish Gifted & Talented Program
• After School Activities
Tax Impact
• Total Net Tax Levy decrease of ($96,038) or
(4.62%).
• Tax decrease of ($8.40) per $100,000 of
assessed home value OR (1.01%).
How to Calculate the Tax Rate:
2012/2013
BUDGET
Tax
Rate
TAX LEVY based on Proposed Budget
Tax Levy - General Fund
Tax Levy - Debt Service
TOTAL LOCAL SCHOOL TAX LEVY:
LOCAL SCHOOL TAX:*
2013/2014
PROJECTION
%
CHANGE
ANNUAL
INCREASE
(DECREASE)
Tax
Rate
$2,268,599 $0.83
$2,172,561 $0.79
4.62%
($96,038)
$0 $0.00
$0 $0.00
0%
0
(4.62%)
($96,038)
$2,268,599
$2,172,561
$0.83
$0.79
($0.04)
*per $100 of assessed valuation
ASSESSED VALUATIONS
$272,346,679
$273,448,103
(4.62%)
($96,038)
*Local School Tax Levy/Assessed Valuations Source: Preliminary Equalization Table, County of Hunterdon for the year
2012
-0.00032
What does that tax rate calculation
mean to me?
• The tax rate is based on average assessed property values. The average
assessed property values have increased $1,101,424 or 0.40% and the tax
levy has decreased ($96,038) or (4.62%) resulting in a tax saving per
household.
• Example: 2012 House Value (Tax Assessment):
$100,000
• 2013 Home Value (Tax Assessment):
$104,000 (.40% increase)
• 2012 Tax Rate of 0.83 per $100 of assessed Values
• 2013 Tax Rate of 0.79 per $100 of assessed Values
So
• 2012 Property Tax Dollar Amount: $830.00 ($100K @ $0.83 rate)
• 2013 Property Tax Dollar Amount: $821.60 ($104,000 $0.79 rate)
• Actual Dollar Decrease: $8.40, or 1.01%
Questions & Thank You
Additional questions may be sent to the
Superintendent, Mr. O’Brien at:
[email protected]