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 others)  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: – 5 th 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

Review of Tax Rate Impact 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 ($24.50) $(59.50) ($94.50) year

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 19 th , 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