budget presentation #3 - april 8, 2019(1)...glensfallscityschools 20192020...

Glens Falls City Schools

2019-‐2020 BUDGET DEVELOPMENT

PRESENTATION

PROPOSED BUDGET April 8, 2019

PRESENTED BY: Robert D. Yusko, Jr.

Assistant Superintendent for Business


Budget basics: How do we build it?

State aid situaIon: Governor’s proposals, LegislaIve proposals

Local Tax Levy; State & Local economy (CPI and tax base growth factor)

Other factors: Charges/tuiIon from other districts, Medicaid revenues


Budget basics: How do we build it? State aid situaIon: Governor’s proposals, LegislaIve proposals

Enrollment: parIcularly for elementary students, high school course selecIons and special educaIon needs

State and Federal mandates

State and local economy: inflaIon (CPI) and tax base growth

Other factors: property tax levy cap, court liabiliIes, staff reIrements, etc.

Input from parents, residents, school community

Glens Falls City Schools •  Approved budget, 2018-‐19: $44,309,688

•  Proposed budget, 2019-‐20: $44,553,850 !  AssumpIons used for 2019-‐2020:

!  Increases in health insurance, !  4% increase in PPO rates ; 1.47% increase in all other WSWHE BOCES plans

!  No Increase to Health Insurance appropriaIon !  Decrease/Increase in pension contribuIons

!  Teachers’ ReIrement System: 10.62% 8.86% (est.) in 2019-‐2020 !  Employees’ ReIrement System: 14.9% 14.60% (est.) in 2019-‐2020

!  NYS budget/aid impact – STATE BUDGET AGREEMENT !  $618 Million in addiIonal FoundaIon Aid ($700M in 17-‐18, $618M in 18-‐19); EXECUTIVE -‐ $338 Million !  $342 Million to fully fund expense-‐based aids ($295M in 17-‐18, $240M in 18-‐19); EXECUTIVE -‐ $317 Million

!  AuthorizaWon for Mid-‐Year Budget ReducWon – (from NYSCOSS) “That legislaIve leaders concurred there is a need for such a mechanism is a concern, as well as the prospect that it could someday be used.”

!  Authorizes Budget Director to prepare a plan to reduce local spending by up to 1% if state budget deficit of $500 million or more emerges. The Legislature would have 30 days to adopt an alternaWve plan, or allow the Budget Director’s plan to take effect.

!  Allowable Growth Factor in Tax Cap -‐ capped at 2%; actual CPI: 2.44% !  One collecIve bargaining agreement expiring at 6/30/2019

!  9 GFTA reIrements, 1 MS Assistant Principal (added mid-‐year 18-‐19), 1 new elementary counselor, 1 new kindergarten posiIon to address class size

Glens Falls City Schools Glens Falls City Schools

•  New York State has a PERMANENT property tax levy cap, NOT A “2% CAP!” –  The law does not restrict any proposed tax levy increase to 2%

•  The law creates a formula to determine the “tax levy limit” –  Adjusts tax levy to reflect local growth in tax base and rate of inflaWon (max 2%)

•  The property tax levy cap limits the school district levy NOT the individual tax bill of resident taxpayers –  Assessments and equalizaIon rates impact tax rates

•  The formula allows for certain expenses to be exempt from the cap, therefore allowing the total tax levy increase to be greater than “perceived” cap

•  BOEs can present a budget that “overrides” the cap but will need 60% voter approval

•  Voters are approving the budget (spending plan) not the tax levy

NYS Property Tax Levy Cap in Brief....


“2% or LE

SS”

Tax Cap CalculaWon

Prior Year Tax Levy x

Tax Base Growth Factor, if any (determined by Tax and Finance)

+ PILOTS Receivable During Prior Year (18-‐19)

-‐ Taxes Levied For ExempIons During Prior Year

= Adjusted Prior Year Tax Levy

X Allowable Levy Growth Factor (Lesser of 2%

or CPI) -‐

PILOTS Receivable In The Coming Year (19-‐20) +

Available Carryover, If Any =

“TAX LEVY LIMIT” +

Coming School Year ExempIons =

“MAXIMUM ALLOWABLE TAX LEVY”

Glens Falls City Schools 2018-‐2019 State Aid Review

LegislaWve Proposal vs. Glens Falls Budget

Glens Falls City Schools 2018-‐2019 State Aid – Budget vs. Actual

Glens Falls City Schools 2019-‐2020

ExecuWve/LegislaWve Aid Proposal vs. Projected Actual State Aid

Glens Falls City Schools Budget to Budget State Aid Revenue Comparison

Glens Falls City Schools 2019-‐2020 Proposed Revenues

Glens Falls City Schools 2019-‐2020 Proposed Expenditures

Glens Falls City Schools 2019-‐2020 Proposed Budget Summary


What is the effect on taxpayers?


•  Budget development Imeline

– Board of EducaIon MeeIngs

•  March 11, 2019 – 7 p.m.

•  April 8, 2019 – 7 p.m. (anIcipated budget adopIon)

•  April 30, 2019 – 7 p.m. (BOCES budget adopIon)

•  May 13, 2019 – 6 p.m. Public Budget Hearing

•  May 21, 2019 – 12 p.m. – 9 p.m. – BUDGET VOTE DAY


The mission of the Glens Falls City School District is to provide a safe, posiIve and sImulaIng environment — one that fosters self growth, a passion for conInuous learning, confidence and the ability to succeed in a changing world.

We promote excellence through high expectaIons and evolving standards for students, staff, parents and community. The challenge is to reach one’s personal best while respecIng each person’s individuality.

We make it our responsibility to be accountable for the implementaIon of this mission and to model behaviors that are influenIal to the character as well as the mind.


•  AddiIonal materials on www.gfsd.org

•  Sign up for School News NoIfier:

budget presentation #3 - april 8, 2019(1)...glensfallscityschools 20192020...

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