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 Levy  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.

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  Textbooks Program  Technology  Inclusion Model Classes  Early Intervention Plans  Enrichment Programs  Differentiated, small group  After School instruction Recreation  Programs for  Summer Recreation children with special needs

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

Continue annual investments in Transportation and Facilities Maintenance: • Maintain a safe environment • Continue our expanded service offering

The Tax Levy Limit Legislation 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.

Tax Levy Basics Expenditure Less: Equals: Budget The T he Tax Le ax Levy Amou mount t of mon money State Sta te Aid necessary to to Local Revenue support t our r 2020- Use Use of Reserves 21 academi mic year (E (ERS & TRS Rese serves) s)

2.33 33% Tax Cap Compliant We are NOT piercing cing the Cap. p.

Scho hool ol 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)

Rate x Asses essed ed Value e = School ol Tax Bill Home #1 Home #2 • Ho Home me #1 • Ha Harriso son Street • Monroe Street • 1414 sq sq ft i ft interior • 1408 sq ft interior • .0918 acre land • .0918 acre land • 1 bathroom • 1 bathroom • Asse Assesse ssed Value: 670 • Asse ssesse ssed Value: 810 School Tax Bi Bill: $4,538 School Tax Bi Bill: $5,703

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 one 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 Phase 2 Phase 3 Phase 4 Ma Maso sonry y & pavin ving Renovation of  Install air Renovation of    repairs approximately 50% conditioning in remaining 50% of of student multi-use spaces in student bathrooms bathrooms PSS & JSS Partial roof  replacement at PSS and JSS Status: s: Currently y on Status: s: Comp mplete Status: s: 98% % Comp Complete hold due to CO COVID1 VID19 Foundation repairs s  at WSS WSS Status: s: Comp Complete

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. 20

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: Estimated cost of $3,500,000 - Bus Lot Expansion This will not increase taxes - Moving Playground to a safer location - Repairing a sink hole in ball field