Spring 2023 - Budget Information
The Board of Education and District Leadership Team has been working diligently over the past several months to prepare a budget that allows for consistency in student programming, while balancing the fiscal obligations we ask of our taxpayers. This year has presented some unique challenges within the budget that require some explanation:
Hiring and retention of employees has become a greater challenge for the district. Inflation and competition for labor has led to the private sector increasing the compensation packages of its employees. This has led to a shortage of applicants for school positions as well as a challenge of retaining our present workforce. In order to keep our budget reasonable to the taxpayers, we have always asked a lot of our employees - they wear several hats and perform a variety of tasks to ensure our students and families have access to a strong academic program. To address both recruitment and retention challenges, as well as acknowledge the value we place on our entire school community, we have put forth a budget that takes a step towards providing our employees with a living wage by building in an overall increase of 8.3% in wages and compensation. Our goal is to keep the present employees we have here, and put forth a package attractive enough to encourage people to apply for positions within the district. We believe our community is well worth this investment!
Completion of the capital project approved by the voters in 2021. Due to the rise in cost of goods and services in the construction industry, we had to pull the pavement site work out of the capital project in order to stay within the approved budget of 10.89 million. In order to address the deteriorating drive in front of the high school, we shifted that cost into the general fund for the 2023-2024 school year.
Long range planning for the Governor’s mandate that all schools transition to the purchase of EV buses commencing in July 2027. This mandate will increase the cost of buses from their present price of $170,000 to $420,000. It will also require electrical infrastructure investments by the district. As such, the BOE has decided to invest in a transportation reserve that, combined with the district’s capital reserve, will be able to offset the cost of these EV buses in our first year of purchase.
To help offset these costs, the district continues to be aggressive in seeking alternate funding streams. The present budget reflects those efforts, as there is over two million dollars of revenue coming to the district in 2023-2024 through grant funding. As a result, we have built a budget that allows us to provide all our programs at their present levels. We look forward to seeing you at the annual budget vote on the 16th!