Proposed Expenditure Budget $40,163,500 Prior Year Expenditure - - PowerPoint PPT Presentation

1.72% % Budget get to Budget Increas ase

• Proposed Expenditure

Budget $40,163,500

• Prior Year Expenditure

Budget $ 39,484,400

Technology

 Tax payments from the County to the District have been delayed causing significant financial stress for the District.  We do not have any information from the County about when we may receive these funds.  Additionally, the County has not provided any information regarding future payment delays.

Tax Levy

Guiding Principles Maintain:

 Commitment to provide the lowest class sizes possible  Continue annual investments in:  Transportation  Technology  Facility maintenance & upgrades  Minimize impact on taxes  We have a track record of keeping our tax burden

as low as possible for our Community while providing a world class educational program for our students.

 Planning for future budgets & minimal future tax

increases.

 Budgeting in a way that minimizes adverse impacts on

future years for our taxpayers.

 Intense Support

Program

 Inclusion Model

Classes

 Enrichment

Programs

 After School

Recreation

 Summer Recreation  Textbooks  Technology  Early Intervention

Plans

 Differentiated,

small group instruction

 Programs for

children with special needs

Technology

NYS standards aligned Textbook Series Guided Reading Pre-K Program

Program

• Maintain a safe

environment

• Continue our

expanded service

• ffering

Continue annual investments in Transportation and Facilities Maintenance:

Limits growth th in the proper perty ty tax levy. Distr tricts cts in complian ance ce with their maximum mum allowab wable levy y limit will requi uire a simple majority ty vote to pass the levy. Distr tricts cts exceeding ng their maximum um allowab wable levy y limit will requi uire a super majority ty vote to pass the levy. Two wo failed d votes result t in a 0% levy y increase.

The Tax Levy Limit Legislation

Expenditure Budget Less: Equals:

Amou mount t of mon money necessary to to support t our r 2020- 21 academi mic year Sta State te Aid Local Revenue Use Use of Reserves

(E (ERS & TRS Rese serves) s)

The T he Tax Le ax Levy

Tax Levy Basics

Tax Cap Compliant

2.33 33%

We are NOT piercing cing the Cap. p.

Scho hool

• l Taxes

es

An individual’s school property tax varies based on the assessed d value of their home. The assessed d value is determ rmin ined d by by Nassau u County ty, not the School Distric rict. t. The Distric rict t determ rmin ines the school tax rate (same for every home in Distric rict)

Home #1

• Ho

Home me #1

• Monroe Street
• 1408 sq ft interior
• .0918 acre land
• 1 bathroom
• Asse

ssesse ssed Value: 810 School Tax Bi Bill: $5,703

Home #2

• Ha

Harriso son Street

• 1414 sq

sq ft i ft interior

• .0918 acre land
• 1 bathroom
• Asse

Assesse ssed Value: 670

Rate x Asses essed ed Value e = School

• l Tax Bill

School Tax Bi Bill: $4,538

Our ability to maintain our current educational program, as well as add the enhancements discussed while remaining under our Tax Levy Limit was made possible by:

• Multi-year financial

planning

• Bond Refunding
• Use of Reserves
• Staff Pay Freezes

• Due to the unprecedented situation we all face this year the District is unclear if New York

State will be allowing a second budget vote in the event that the budget proposal is rejected in the first vote.

• Traditionally, a District is allowed 2 votes before being mandated to a Contingency Budget.
• A Contingency Budget dictates that the tax levy amount cannot be increased from the prior

year which necessitates cuts to be made to the budget proposal.

• Until guidance is released from the State we cannot confirm whether or not a second vote

will be allowed. If it is not, the District will be forced to default to a Contingency Budget after

• ne failed budget vote.

Examples of Possible Cuts Include: After School Enrichment Expansion of Transportation Service Prekindergarten 1:1 Computing Guided Reading Small Group/ Differentiated Instruction Summer Recreation Facility Maintenance and Improvements Technology Upgrades Bus Replacements Class sizes lower than our contractual agreements

Visit FranklinSquare.K12.NY.US for Voter Information

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Phase 1



Ma Maso sonry y & pavin ving repairs



Partial roof replacement at PSS and JSS



Foundation repairs s at WSS WSS Status: s: Comp Complete

Phase 2



Install air conditioning in multi-use spaces in PSS & JSS Status: s: Comp mplete

Phase 3



Renovation of approximately 50%

• f student

bathrooms Status: s: 98% % Comp Complete

Phase 4



Renovation of remaining 50% of student bathrooms Status: s: Currently y on hold due to CO COVID1 VID19

20

This year there will be two propositions related to Capital Reserves on the ballot (details on slides to follow). After the vote, the District will again evaluate our financial situation and the feasibility of moving forward with both before we proceed.

Phase 5 of the 2016 Capital Reserve Projects include:

• Air Conditioning the WSS Gym
• Transforming Library Spaces into Library

Makerspaces

• Supplemented by a $50,000 grant from

Senator Kaplan

• Renovating the JSS Outdoor area to address

safety concerns:

• Bus Lot Expansion
• Moving Playground to a safer location
• Repairing a sink hole in ball field

Estimated cost of $3,500,000 This will not increase taxes