Looking Forward: 2011-12 Budget Staff Presentation March 8, 2011 1 - PowerPoint PPT Presentation

Looking Forward: 2011-12 Budget Staff Presentation March 8, 2011 1

Legislative Budget Process  Governor Released His 1 st Budget  House and Senate Already Working on Their Respective Budgets  Two Major Concerns With Governor’s Budget:  Cut K-12 $ by 9.6% (or cut 10.2% per Student)  Indication that Compression on the 0.25 Critical Needs Millage Would be Lost (approx. $1.6m) 2

Potential Impacts AKA “Judy’s Watch List”  Education Jobs Bill (State Will Assume Reserved)  Fund Balance (State Looking at Operating Fund)  Capital Millage (Push More Millage to Operating)  Tax Roll (State # for Decline Not Low Enough)  Declining Enrollment (State # Not Low Enough)  Class Size Reduction (Multiple Rule Changes)  Retirement (Some Contribution by Employees) 3

Closing Comments  One Bright Spot:  District Cost Differential (Increased to > 1.0)  Last Year > 1.0 was 1994-95  Overview of Current Status:  Education Jobs Bill Dollars Reserved  Compliance with Class Size  0.25 Critical Needs Millage Passed  Ongoing Efforts to Address Budget Challenges 4