May 3, 2013 | 22 views
F.S. school district budget explained
Franklin Square School District Superintendent Patrick Manley gave his insight last week about the budget for the upcoming school year:
•Educational enhancements at an amount less than the tax levy limit
The New York State Tax Levy Limit Legislation was introduced into law on June 24, 2011. Beginning with the 2012-13 budget the Franklin Square UFSD, like all school districts in the State of New York, is subject to a maximum allowable tax levy increase. This maximum allowable tax levy increase is assigned to each District through a District specific formula created by government of New York State. Franklin Square’s minimum allowable tax levy increase is 3.37% which translates into an expenditure increase of 3.28%.
•The Franklin Square UFSD 2013-14 budget is in compliance with the tax levy limit legislation
This year, once again, mandated retirement costs pose a significant obstacle in developing the budget. The Franklin Square UFSD is facing a $758,168 increase in these mandated costs for 2013-14. The District has worked diligently to find other areas of savings that will allow us to afford these mandated costs while not sacrificing the quality of our educational program or staff.
The Board of Education adopted a proposed budget with an expenditure increase of 3.28% or $1,128,471. The majority of this increase, $758,168, represents mandated increases in retirement costs. The remaining $370,303 represents all other spending. This includes the funds needed to operate our buildings and academic programs under their current structure, as well as costs to enhance our District through the introduction of a Prekindergarten Program and the phasing in of the 1:1 computing initiative.