Public Hearing 2016-2017 Budget
Increasing Tuition Costs ◦ Increase in out-of-district tuition of $86,084 from the original 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
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 $14,908 $14,634 Woodbine $16,868 $16,330 State Average Below State Average ($1,960) ($1,696) $29,882 $26,762 Cape May County Avg.
Business Services Child Study Team Services Transportation Jointures Joint Purchasing Agreements Shared Cafeteria Manager Shared Music Teacher
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 ◦ Math Intervention
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
THE AVERAGE ASSESSED VALUE OF A HOME IN WOODBINE $100,00 $121,600 $200,000 $21.10/QTR 25.66/QTR $42.20/QTR RESULTING IN AN INCREASE IN TAXES OF
Budget Process Visit the Woodbine Elementary School Website to see the budget presentation and the user friendly budget Questions?
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