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Stamford Central School May 2010 Budget Hearing

Stamford Central School May 2010 Budget Hearing. What the Economic Crisis means to Stamford Central School. The current recession has been described as the most severe economic downturn experienced in this country in 70 years.

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Stamford Central School May 2010 Budget Hearing

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  1. Stamford Central SchoolMay 2010Budget Hearing

  2. What the Economic Crisis means to Stamford Central School • The current recession has been described as the most severe economic downturn experienced in this country in 70 years. • New York State has been particularly hard hit due to the State economy’s dependence on Wall Street. • Deductions in estimated State Aid for next year has caused a decrease in revenues of over 7% Public school recovery typically has followed with a 3 to 5 year lag behind the economy.

  3. SCS Enrollment In 2009-2010, our enrollment is 79% of what it was in 2006-2007. Potentially, that could mean we receive only 79% of the State Aid that is enrollment based – a $1.2 million revenue loss! State Aid is frozen at this number

  4. The American Recovery and Reinvestment Act (ARRA) $600,000

  5. New York State Average -1.5% -7% 3.87

  6. Levy Impact 12.7% Budget Impact 4.8% 3.87 -1.5%

  7. Stamford Central SchoolHistorical Revenues $ 260,354 $ 119,116 $ 141,238

  8. Stamford Central SchoolHistorical Budgeted Expenses $ 3,196 $ 155,631 $ 16,658 $ 135,777

  9. Proposition TWO:Purchase of 65 passenger School Bus • Next year our state aid for transportation drops from 90% to less than 70% • Use of Bus Reserve Funds to maximize aid now for the following year. • Continue moving toward a 5 year replacement schedule to reduce maintenance costs $ 118,184.75 X .90 = $ 106,366.28 $ 118,184.75 X .70 = $ 82,729.33

  10. Proposition THREE:Resupply Previously approved Bus Replacement Fund $ 215,602.23 $ 300,000.00

  11. Vote for One Candidate for the Stamford Central School Board of Education • Ellen Hager • Darby Hartwell • Ellen Moser

  12. Annual Budget Vote and Election on Tuesday, May 18 Noon to 8:00 p.m. Thank you!

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