Balancing the budget requires weighing expenses against revenue.
Expenses at a glance include Salary & Benefits which represent 77% of spending; Curriculum & Instruction which is essential for implementing the Strategic Coherence Plan; Facilities Maintenance & Operation require to preserve and enhance the learning environment; Transportation of 3200 in-district and out-of-district students; and Debt Service which are required payments on past capital improvements.
Revenue at a glance includes State Funds which represent 20% of all revenues; Federal Funds used to partially offset expenditures for special needs and English as a New Language students; Real Property Taxes which represent 75% of all revenues, limited by the "Tax Cap" formula; Appropriated Fund Balance which represents 3% of all revenues from accumulated "savings" to be used; and Other Revenues which respresent 2% of all revenues from interest, donations, and non-recurring miscellaneous revenues.
Salaries and Benefits consists of things we cannot control or change and things we can control or change.
The things we cannot control include previously negotiated wage increases, Employee Retirement System pension contribution incrrease, Teachers Retirement System pension contribution increase, health insurance premium increase, Social Security and Medicare contributions.
The things we can control or change are staffing levels.
Employee Retirement System pension contribution rates have increased from 1.2% to 15.9% over the past decade. Teachers Retirement System pension contribution rates have increased from 5.7% to 11.7% over the past decade.
Salary allocations by group: 67.7% for BTA; 18.2% for SEIU; 4.6% for AAB; 2.5% for Clerical; 6.1% for Non-Union; 0.9% for Sub Teachers
Did you know New York State controls 95% of our revenue budget? Did you know our district ONLY controls 5% of our revenue budget?
State Aid: NYS Projection vs. Actual Received. From 2014-15 through 2017-18, the NYS Aid Projection has consistently been greater than the actual aid received.
What's Driving the "Tax Cap" Increase? Each year is unique! Four factors drive the increase: Capital Exclusions, PILOTS, Allowable Growth Factor/CPI and Tax Base Growth Factor.
In 2015-16 the 2.18% Tax Cap was driven mainly by the Allowable Growth Factor/CPI followed by the Tax Base Growth Factor, Capital Exclusions and then PILOTS. In 2016-17 the 1.94% Tax Cap was driven mainly by Capital Exclusions followed by PILOTS, the Tax Base Growth Factor and then the Allowable Growth Factor/CPI. In 2017-18 the 2.04% Tax Cap was driven mainly by the Allowable Growth Factor/CPI followed by PILOTS, the Tax Base Growth Factor and then Capital Exclusions. In 2018-19 the 2.22% Tax Cap was driven mainly by the Allowable Growth Factor/CPI followed by the Tax Base Growth Factor and then PILOTS.