SLIDE 1
Public Hearing 2016-2017 Budget
SLIDE 2 Increasing Tuition Costs
- Increase in out-of-district tuition of $86,084 from the
- riginal 2015-16 budget
- Increase of $412,760 in audited tuition from 2014-15
Loss of Ratables
- Decrease in Woodbine Borough’s ratables of $768,801
Stagnant State Aid
- Combined increase of $2,920 in state aid over last two
years
SLIDE 3
In the most recent Taxpayers Guide to Education
Spending (2014-15), out of 75 K-8 Districts with under 400 students, Woodbine ranked in the bottom half in spending, and the lowest in Cape May County.
2014-15 2013-14 Woodbine $14,908 $14,634 State Average $16,868 $16,330 Below State Average ($1,960) ($1,696) Cape May County Avg. $29,882 $26,762
SLIDE 4
Business Services Child Study Team Services Transportation Jointures Joint Purchasing Agreements Shared Cafeteria Manager Shared Music Teacher
SLIDE 5 Engage NY ELA Implementation
- Trainings with specialist are ongoing for grades 3-5
Continuing refinement of math alignment
- Pearson Prentice Hall, Envision and Engage NY
Increased availability of technology
- One-to-one ratio for grades 3-8; Grades 1-8 FY17
Proposed supplemental materials
- Social Studies to align with standards
Proposed standards
SLIDE 6
Current Tax Levy $1,613,698 Ratables $178,433,302 Tax Rate $0.9044 CURRE RRENT TAX X INCR NCREA EASE E $0.0822 Debt Service Tax Levy $155,020 Tax Rate $0.0869 DEBT S T SERV ERVICE T CE TAX I X INCRE NCREASE E $0.0022 Total estimated tax rate $0.9912 NE NET T TOTAL TAX X INCR NCREA EASE E $0.0844
SLIDE 7
THE AVERAGE ASSESSED VALUE OF A HOME IN WOODBINE RESULTING IN AN INCREASE IN TAXES OF
$100,00 $121,600 $200,000 $21.10/QTR 25.66/QTR $42.20/QTR
SLIDE 8
Budget Process Visit the Woodbine Elementary School Website
to see the budget presentation and the user friendly budget
Questions?
