LCSD Budget

Budget – Where are we now?

February 27, 2012

1

Communications So Far

• Focus Forums• Leadership Team• Extended Leadership Team• Feedback Forms from Website• Handwritten Feedback Forms• Phone Calls• Personal Meetings• Informal Conversations Around Town and at

School Events 2

Communications Looking Ahead

• Focus Forums• Leadership Team• Extended Leadership Team• Feedback Forms from Website• Handwritten Feedback Forms• Phone Calls• Personal Meetings• Informal Conversations Around Town and at

School Events 3

Communications Looking Ahead

• Budget Communications Cycle• Staff Roundtables• Meetings with Student Leaders• Budget Town Meeting

4

AES CAYUGA Power

5

Year/School Year PILOT Assessment Approx Value

2011/2011-2012 $112,500,000 $324,000

2012/2012-2013 $86,500,000 $500,000

2013/2013-2014 $74,000,000 $241,000

2014/2013-2014 $60,000,000 $300,000

6

The NumbersDescription Amount

Expenditures without reductions

26,560,000

Total Reductions on this list - $1M overall 469,360

Expenditures after reductions

26,090,640

Budget to Budget % 3.05%

Contingency Budget (CB) 25,986,348CB % 2.63%

7

The NumbersDescription Amount

Revenues 23,623,500Gap 2,936,500Fund Balance 1,500,000Reserves 400,000Remaining Gap 1,036,500

Possible Cuts from List 469,360Additional Tax Levy 567,140Remaining Gap Filled 1,036,500

8

The NumbersDescription Amount

Proposed Budget 26,090,640Budget Growth 3.05%Combined Tax Levy 3.44%Projected Tax Rate 5.95%

Effect on $100,000 home $114

9

The Numbers – NO AES DROPDescription Amount Amt with NO AES DROP

Proposed Budget 26,090,640 26,090,640Budget Growth 3.05% 3.05%Combined Tax Levy

3.44% 3.44%

Projected Tax Rate

5.95% 3.09%

Effect on $100,000 home

$114 $59

10

The Numbers – School + TownDescription 2011-2012 2012-2013

School 19.10 20.24Town of Lansing 1.62 1.38CombinedSchool + Town

20.72 21.62

Projected Tax Rate Increase

4.3%

11

The Numbers – School + TownNO AES DROP

Description 2011-2012 2012-2013

School 19.10 19.69Town of Lansing 1.62 1.38CombinedSchool + Town

20.72 21.62

Projected Tax Rate Increase

1.2%

12

What have you done for us not so lately?

Description

2007-2008 Tax Rate 17.762011-2012 Tax Rate 19.10Total % Change - 4 yrs 7.55%Ave Rate of Change 1.89%

2007-2008 Tax Rate 17.762012-2013 Tax Rate 20.24Total % Change - 5 yrs 13.96%Ave Rate of Change 2.79%

13

The Numbers - SummaryDescription Amount

Proposed Budget 26,090,640

Budget Growth 3.05%

Combined Tax Levy Inc 3.44%

Projected Tax Rate Inc 5.95%

Projected Tax Rate IncSchool + Town 4.3%

Effect on $100,000 home $114

14