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Norwich School District Proposed Budget For the 2013-14 School Year

Norwich School District Proposed Budget For the 2013-14 School Year. Article 5: Long Term Borrowing. Article 5: Long Term Borrowing. 10 Year Costs. Year 1 - $56,700 Year 2 - $55,530 Year 3 - $54,360 Year 4 - $53,190 Year 5 - $52,020. Year 6 - $50,850

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Norwich School District Proposed Budget For the 2013-14 School Year

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  1. Norwich School District Proposed Budget For the 2013-14 School Year Norwich FY14 Proposed Budget

  2. Article 5: Long Term Borrowing Norwich FY14 Proposed Budget

  3. Article 5: Long Term Borrowing 10 Year Costs Year 1 - $56,700 Year 2 - $55,530 Year 3 - $54,360 Year 4 - $53,190 Year 5 - $52,020 Year 6 - $50,850 Year 7 - $49,680 Year 8 - $48,510 Year 9 - $47,340 Year 10 - $46,170 Norwich FY14 Proposed Budget

  4. Article 6: “Conditional Article” Should long term borrowing article fail, will the voters raise and appropriate $85,000 to pay for: One unit ventilator $10,000 One rooftop ventilator $18,700 Set aside funds for roof repair $55,000 Contingency $1,300 Norwich FY14 Proposed Budget

  5. Norwich School District Proposed Budget For the 2013-14 School Year Norwich FY14 Proposed Budget

  6. NORWICH SCHOOL DISTRICT Budgets Enrollment State of Vermont Tax Rates Property Valuations Norwich FY14 Proposed Budget

  7. Components of Tax Rate Change Norwich FY14 Proposed Budget

  8. Components of Tax Rate Change (without Base Amount Change) 1.1 Cent, 1.24%, increase in Homestead Tax Rate with no change in the Base Amount; all articles, and Dresden Labor Contracts Norwich FY14 Proposed Budget

  9. Taxes NORWICH SCHOOL DISTRICT • The Homestead tax rate is expected to increase 0.47% from $1.7530 to $1.7613 • For those eligible for tax rebate system, percentage estimated to increase 0.05 percentage points, from 3.31% to 3.36% of income. • Non-residential tax rate estimated to decrease 3.06%, from $1.4791 to $1.4339 (Including all Norwich articles, excluding impact of Dresden labor contracts.) Norwich FY14 Proposed Budget

  10. Taxes NORWICH SCHOOL DISTRICT • If the Base Amount increases to $9,151, as has been approved by the Vermont House, but not yet by the Senate, then the homestead tax rate will drop to: • $1.6918 from current year’s $1.7530 • a 6.1 cent drop, or 3.49% drop (Including all Norwich articles, including impact of Dresden labor contracts.) Norwich FY14 Proposed Budget

  11. Marion Cross School Enrollment History & Forecast Norwich FY14 Proposed Budget

  12. Enrollment and Staffing Norwich FY14 Proposed Budget

  13. Teacher Contract Negotiations • Board and Teachers have reached settlement for a contract for the next two years. • 2.25% increase in salaries, including both base and step • Increase in health insurance premium co-pay from 14% to 15% and then 16%. • Reduce personal leave allowance per school year from five days to four • Limit professional leave days at four per school year. • Clarifying language around bereavement leave, sick bank, and enrichment grants. • Additional cost items are included in the proposed budget. Norwich FY14 Proposed Budget

  14. Support Staff Contract Negotiations In the fall of 2011 the Marion Cross Support Staff petitioned the Vermont Labor Board to form a bargaining unit. Following a vote, the petition was granted. After about a year of negotiations, the Board and the Support Staff are close to agreement on all issues. We are confident that a possible settlement can be accommodated within the proposed budget. Norwich FY14 Proposed Budget

  15. Marion Cross SchoolBudget Analysis Norwich FY14 Proposed Budget

  16. Significant Expenditure Changes($000’s) Norwich FY14 Proposed Budget

  17. Significant Revenue Changes($000’s) Norwich FY14 Proposed Budget

  18. Tax Rate Calculation 1(including all articles and Dresden Labor Contracts) Norwich FY14 Proposed Budget

  19. Tax Rate Calculation 2(including all articles and Dresden Labor Contracts) Norwich FY14 Proposed Budget

  20. Per Pupil Cost Comparison--Elementary Norwich FY14 Proposed Budget

  21. NECAP(2011 Year Data) Norwich FY14 Proposed Budget

  22. Program Innovations • Addition of French at Grade 3 • Possible Sharing of Special Ed Therapy Time across SAU Districts • Possible Sharing of New England Child Center In-District Program with other SAU Districts rather than out-of-district placements Norwich FY14 Proposed Budget

  23. Final thoughts: • Budget increase is due almost entirely to special education expenses, which are almost entirely reimbursed by the state. • Marion Cross is an attractive choice for families as evidenced by our rising enrollment. • Marion Cross continues to provide an excellent educational program, while its costs are low compared to other districts in the state. Norwich FY14 Proposed Budget

  24. Components of Tax Rate Change (without Base Amount Change) 1.1 Cent, 1.24%, increase in Homestead Tax Rate with no change in the Base Amount; all articles, and Dresden Labor Contracts Norwich FY14 Proposed Budget

  25. Questions? Norwich FY14 Proposed Budget

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