Tax Cap 2020-2021 Increase in Tax Base = 0.68% CPI or 2% = - - PowerPoint PPT Presentation

Revenue: $53,336,420

Property Tax 56.8% State Aid 34.3% PILOT Payments 0.1% Sales Tax 2.6% Appropriated Fund Balance 1.6% Restricted Reserves 2.1% Community Education 1.1% Other Revenue 1.4%

Tax Cap 2020-2021

Increase in Tax Base = 0.68% CPI or 2% = 1.81% Capital Project Funding = 0.28% Change in PILOT = 0.08% Estimated Tax Levy Limit = 2.86% 2020 – 2021 Dollar = $842,333 Increase at Levy Limit

Benchmark Home Basic STAR

Benchmark Home Enhanced STAR

Tax Rates

Actual Tax Rates 2019 Tax Rates on Assessed Values 2020 Change in Tax Rates % Change in Tax Rates Mendon 23.82 $ 24.41 $

0.58 $

2.45% Henrietta 23.35 $ 23.19 $

(0.16) $

• 0.68%

Rush 27.13 $ 27.60 $

0.47 $

1.73% Lima 24.82 $ 25.97 $

1.14 $

4.61% Avon 24.84 $ 25.17 $

0.33 $

1.33% Livonia 25.35 $ 25.43 $

0.08 $

0.33% West Bloomfield 24.84 $ 25.69 $

0.85 $

3.44% Victor 24.84 $ 24.67 $

(0.17) $

• 0.70%

Richmond 24.84 $ 25.97 $

1.12 $

4.53%

True Value Tax Rate 23.71 $ 23.56 $ (0.15) $

• 0.65%

Tax Rates

Equalization Rate 2019 - 2020 Equalization Rate 2020 - 2021 Town of Avon

100% 98%

Town of Henrietta

100% 100%

Town of Lima

100% 95%

Town of Livonia

98% 97%

Town of Mendon

98% 95%

Town of Richmond

100% 95%

Town of Rush

86% 84%

Town of Victor

100% 100%

Town of West Bloomfield

100% 96%

Taxible Value of Property

1,242,363,398 $ 1,286,466,685 $

Increase in Assessments

44,103,287 $

Percent Change

3.55%

State Aid

$3,201,134 $8,625,914 $1,932,182 $674,595 $1,697,069 $4,615,445 $8,228,261 $397,641 $2,135,154 $580,302 $2,122,632 $218,796

$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000

2019 - 2020 2020 - 2021

Appropriations: $53,336,420

General Support 9.9% Instruction 49.8% Transportation 4.2% Community Education 1.2% Employee Benefits 25.2% Debt Service 9.3%

What is Included in the Base Budget?

 Professional Develop, Curriculum

Writing, and PLC’s

 K-5 Math textbooks and training  Change Lima social worker position

from contract to employee

 Increase Math Specialist support by

0.5FTE

What is Included in the Base Budget?

 Reduction of 1 Elementary Teaching

Position

 Increase Registrar from 0.5 to 0.75

FTE

 Continue with multi-year replacement

plans for Transportation, Facilities, and Technology

 Increased Technology Budget for

cyber-security and virtual desktop software

Capital Outlay Project 2020-2021

• Update the flooring in the aisles

and pit areas of the District Auditorium

• Replace flooring in select

classrooms

• Project is included in the School

Budget

• District proposes spending

$100,000 on renovations and receiving $78,000 in aid the next year.

Budget Balancing

Action Amount Breakage from Retirements $417,434 Transfer Technology Expenses to Smart School Bond Act $175,000 Defer Backup Internet Connection $25,000 Supply and Contractual Reductions $101,135 Total $718,569

Budget Drivers

$50,073 $56,761 $180,793 $288,019 $431,307 $432,588 $1,429,993

Supplies Contractual Expenses Health Insurance TRS Pension Wages - certified Wages non- Certified Debt Service

Capital Project Budget

15

$3,560,336 $5,068,746 $3,111,461 $4,615,445

$- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000

Capital Project Budget 2019 - 2020 Capital Project Budget 2020 - 2021 Debt Aid

Local Share $453,301 Local Share $448,875

Appropriations Budget

2019 - 20 Budget 2020 - 2021 Proposed Budget Annual Change in $ % Change General Support $5,119,419 $5,295,477 176,058 $ 3.44% Instruction $26,294,763 $26,558,265 263,502 $ 1.00% Transportation $2,106,734 $2,238,472 131,738 $ 6.25% Community Education $627,169 $654,297 27,128 $ 4.33% Census $3,000 $3,000

• $

0.00% Employee Benefits $12,831,122 $13,453,163 622,040 $ 4.85% Debt Service $3,551,824 $4,968,746 1,416,921 $ 39.89% Interfund Transfers $165,000 $165,000

• $

0.00% Total $50,699,032 $53,336,420 2,637,388 $ 5.20%

Operations Budget Increase 2.2% Capital Budget Increase 3.0% (Capital budget increases do not significantly impact local property taxes as the district is receiving increased state building aid)

Based on the NYS Legislative Budget

• HF-L has a balanced, proposed budget of

$53,336,420

• The budget generally supports the strategic goals

presented by each school and department

• The budget does not exceed the tax cap
• The budget does not cause deficit spending

The Spector of Rolling Cuts

What if we have further cuts to Foundation Aid?

• Governor has indicated that, if the state doesn’t

receive federal support, there could be a 20% cut in Foundation Aid

• 20% of our Foundation Aid = $1.65 million
• Items to Consider include:
• Evaluate positions vacated by retirees
• Consider other budget reductions
• Exceed the tax cap
• Use Reserves as a bridge to get through this year

Proposed 2020-2021 Budget

PROPOSITION #1 BUDGET

Shall the proposed budget of $53,336,420 for 2020-21 be approved, including funding to enter into multi-year installment purchase contracts in accordance with the General Municipal …….

Proposed 2020-2021 Budget

 PROPOSITION #2 – School Bus Purchase

Shall the Board of Education be authorized to purchase up to six vehicles for student transportation including necessary furnishings, fixtures, equipment and all other necessary costs incidental thereto, and expend a sum not to exceed $587,500 …

Questions

Tax Cap 2020-2021

Appropriations Budget

Operations Budget Increase 2.2% Capital Budget Increase 3.0% (Capital budget increases do not significantly impact local property taxes as the district is receiving increased state building aid)

Row Labels 2019 - 20 Budget 2020 - 21 Proposed Budget $ YOY Delta % YOY Change General Support $5,119,419.34 $5,295,477.40 176,058.06 $ 3.44% Instruction $26,294,763.11 $26,558,264.83 263,501.72 $ 1.00% Transportation $2,106,734.15 $2,238,471.86 131,737.71 $ 6.25% Community Education $627,168.91 $654,297.30 27,128.39 $ 4.33% Census $3,000.00 $3,000.00

• $

0.00% Employee Benefits $12,831,122.13 $13,453,162.59 622,040.46 $ 4.85% Debt Service $3,551,824.36 $4,968,745.76 1,416,921.40 $ 39.89% Interfund Transfers $165,000.00 $165,000.00

• $

0.00% Grand Total $50,699,032.00 $53,336,419.74 2,637,387.74 $ 5.20%