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Mountain Lakes Board of Education

Mountain Lakes Board of Education 2007–2008 Budget Presentation March 26, 2007 Budgetary Goals Maintain a Budget in Accordance with New Jersey State Law Maintain Programs and Favorable Class Size The Surplus and S1701 Surplus Limited to 2% for ’07-’08

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Mountain Lakes Board of Education

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  1. Mountain Lakes Board of Education 2007–2008Budget Presentation March 26, 2007

  2. Budgetary Goals • Maintain a Budget in Accordance with New Jersey State Law • Maintain Programs and Favorable Class Size

  3. The Surplus and S1701 • Surplus • Limited to 2% for ’07-’08 • S1701 + Governor Corzine’s New Tax Law • Inconsistent Caps • State Health Benefits (6.90%) • Special Education Schools (est. @ 10%) • Other Uncertainties (Utilities and Insurance) • Administrative Cost Limits

  4. State Aid • Aid Figures Released February 26, 2007 • Increase of $26,742 Over 2006-07 Level • State Entitlement Aid 2007-08 $853,105 • Represents 2.5% of Total Revenue

  5. Enrollment Comparison

  6. 2007–08 Budget Analysis

  7. Budget Highlights 2007-08 • All existing and new courses taught by existing staff • All School Budgets held at or below ‘06–’07 levels • Reduction of one secretarial position due to attrition • Reduction of one teaching position due to enrollment

  8. Superintendent Highlights • Goals of the Long Range Education Plan • Continue Progress in Curriculum Development • Continue Progress in Professional Development • Maintain Favorable Class Sizes at All Levels • Maintain All Current Course Offerings and Programs

  9. 2007-08 Proposed Capital Projects

  10. Proposed 2007-08 Budget

  11. Revenue Source - 3 Yr. Period

  12. Homeowner Tax Increase

  13. 2007-08 Tax Impact Analysis

  14. The Election • Budget Public Hearing – March 26, 2007 • Election: April 17, 2007 • Polls Open from 7:00 am – 9:00 pm • Mountain Lakes High School • Board Member Election • Three Year Term (vote for three [3]) • Denise M. Brennan • Alex Gemici • Kenneth R. Stokes • Rosemary Pierce Wall • Resolved, that there should be raised for the General Fund, $16,787,901 for the ensuing school year. (2007-2008)

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