Starpoint Central School District 2020-21 Budget Presentation #5 - - PowerPoint PPT Presentation

Starpoint Central School District

2020-21 Budget Presentation #5 Presented By: Jonathan R. Andrews March 30, 2020

2020-21 State Budget

 $826 million increase in state school aid

– $504 million Foundation Aid increase – $72 million to fully fund expense-driven aids

 Remove existing Foundation Aid formula, change

formula to include:

– Consolidation of 11 aid categories into Foundation aid

(BOCES, High Tax Aid, Textbook, Hardware/Software and

• thers)

 Cap increases in Transportation Aid at the lesser of

inflation or inflation + enrollment growth

 Establish a new tier for Building Aid reimbursement

for projects approved beginning in the 2020-21 year

2020-21 State Budget

 Governor wants to eliminate expense-based aids

(BOCES, special education, & eventually transportation), and roll everything into a new foundation aid formula

 The elimination of expense-based aids and changing

the funding formula for building aid are extremely negative elements to Starpoint

 If enacted, it would be virtually impossible to fund the

school district going forward without exceeding the tax cap

 Essentially gives the District about a .25% increase

Additional Budget Items

 Director of Human Resources  Replace Payroll Clerk  Replacing 4 teachers who retired  Replacing Middle School Teaching Assistant  Does not include: – 5th Grade teacher – Afterschool Security – Lacrosse – Middle School exam buses

2020-21 Budget

 Where does that mean

for Starpoint?

– Budget decrease of 3.84%

 Due to Debt Service

– Levy increase of 3.19% – Tax Rate decrease of

1.90%

– Average Tax decrease for

the last 19 years of 0.349%

– At the CAP

Assessment $100,000 $200,000 $300,000 Less: BASIC STAR ($30,000) ($30,000) ($30,000) Total Taxable Assessment $70,000 $170,000 $270,000 Estimated Tax Rate 2020-21 $18.02 $18.02 $18.02 Actual 2019-20 Tax Rate $18.37 $18.37 $18.37 Change in Tax Rate ($0.35) ($0.35) ($0.35) Total Tax Change from Prior year ($24.50) $(59.50) ($94.50)

Review of Tax Rate Impact

Coronavirus Impact

 Original State Budget took into account a

possible $6 Billion deficit

 District was hoping for additional State Aid  When crisis started, Governor talked about

a $7 Billon deficit

 New estimate is now $15 billion  According to Governor, stimulus money

will not help school district avoid drastic cuts in state aid

Budget Vote

 May 19th, 2020  7:00 AM to 8:00 PM  Voting to be held in High School  Voting Requirements

– A citizen of the United States – Eighteen years of age – A resident within the District for a period of thirty days

before the vote

 4 Board of Education Seats up for Election