lrsd 2018 19 budget infographic 2€¦ · the budget serves the needs of 15,458 students projected...

Maintaining the full-day kindergarten pilot (8 classrooms in 4 schools) Maintaining and repairing our aging schools, while also making capital investments (not supported by the Province) to increase non-instructional spaces in our schools with additional needs Maintaining our investments in Indigenous education, languages, and cultures The budget serves the needs of 15,458 students projected for 2018-19 3.6% The Province’s share of the budget in LRSD is 47.5% (not including the Education Property Tax Credit of 11.7%) To meet the demands of enrolment growth, LRSD’s total Budget for 2018-19 is $189,838,129 This requires a total expenditure increase of $5,817,440 or 3.16% The growth we’re seeing results in a very small per pupil increase of 0.315% The reduction in the T a x I n c e n t i v e G r a n t (TIG) adds 1.1% to the property tax increase Were the Province not reducing the TIG, the property tax increase would be 2.4% 2018-2019 Budget The LRSD School Board continues to invest in students and operations to focus resources to the classroom. The Board will meet the Minister of Education’s new Special Requirement taxation cap of 2.0%. Tax increase – 3.5% Special Requirement increase – 1.96% $5.54/month or $66.42/year for the average LRSD home The expenditure increase results in a 1 . 9 6 % increase to the S p e c i a l R e q u i r e m e n t , as per the Minister of Education’s request to limit the increase to 2%. The Special Requirement is based on the school year and property taxes are based on a calendar year, hence, the special requirement increase translates to a 3 . 5 % increase to the S p e c i a l L e v y for 2018. 2014 - 15 2015 - 16 2016 - 17 2017 - 18 2018 - 19 14266 14529 14738 15013 15458 Enrolment is projected to increase by 445 students for next year 2014 - 15 2013 - 14 2012 - 13 2011 - 12 2015 - 16 2016 - 17 2017 - 18 2018 - 19 The approved budget was developed in consultation with community members. Budget highlights include: Hiring 20.5 new teachers to meet the needs of a growing student population and to help maintain lower class sizes Student to Classroom Teacher Ratio Total Enrolment 19.89 20.06 19.47 19.37 19.00 18.65 18.50 18.72 (including $1,108,318 Capital Fund expenditures)

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Page 1: LRSD 2018 19 Budget Infographic 2€¦ · The budget serves the needs of 15,458 students projected for 2018-19 3.6% The Province’s share of the budget in LRSD is 47.5% (not including

Maintaining the full-day kindergarten pilot (8 classrooms in 4 schools)

Maintaining and repairing our aging schools, while also making capital investments

(not supported by the Province) to increase non-instructional spaces in our schools

with additional needs

Maintaining our investments in Indigenous education, languages, and cultures

The budget serves the needs of 15,458 students projected for 2018-19

3.6%

The Province’s share of the budget in LRSD is 47.5% (not including the Education Property Tax Credit of 11.7%)

To meet the demands of enrolment growth, LRSD’s total Budget for 2018-19 is $189,838,129

This requires a total expenditure increase of $5,817,440 or 3.16%

The growth we’re seeing results in a very small per pupil increase of 0.315%

The reduction in the Tax Incentive Grant (TIG) adds 1.1% to the property tax increase Were the Province not reducing the TIG, the property tax increase would be 2.4%

2018-2019 Budget

The LRSD School Board continues to invest in students and

operations to focus resources to the classroom.

The Board will meet the Minister of Education’s new Special Requirement taxation cap of 2.0%.

Tax increase – 3.5%

Special Requirement increase – 1.96%

$5.54/month or $66.42/year for the average LRSD home

The expenditure increase results in a 1.96% increase to the Special Requirement, as per the Minister of Education’s request to limit the increase to 2%. The Special Requirement is based

on the school year and property taxes are based on a calendar year, hence, the special requirement increase translates to a 3.5% increase to the Special Levy for 2018.

2014 - 15 2015 - 16 2016 - 17 2017 - 18 2018 - 19

14266

1452914738

15013

15458 Enrolment is projected to increase by 445 students for next year

2014 - 152013 - 142012 - 132011 - 12 2015 - 16 2016 - 17 2017 - 18 2018 - 19

The approved budget was developed in consultation with community members. Budget highlights include:

Hiring 20.5 new teachers to meet the needs of a growing student population and to

help maintain lower class sizes

Student to Classroom Teacher Ratio

Total Enrolment

19.89