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FY19 District Budget Meeting/Vote - May 23, 2018 @ 7:00 - Molly Ockett Elementary Gym

posted May 18, 2018, 11:19 AM by Heather Sheehan

The proposed FY19 budget for MSAD 72 is $19,936,236. This represents a 5.75% increase over the current budget.  The process we utilize to create the budget relies on staff members, administrators, and the Board of Directors working together to assure that our budget supports the needs of students and staff members while at the same time being fiscally responsible.

 

There were many financial challenges presented by this year’s budget. On the expenditure side, we continue to pay bond payments for the building project at a cost of $1,408,283. We also have a projected increase of 61 grade 9-12 students for an increase of $830,000 in secondary costs. These costs account for 11.23% of our total budget or $2,238,283.

 

Rather than ask taxpayers to contribute funds to a paving project and controls upgrades in our schools, we are asking authorization from voters to utilize an additional $154,000 in fund balance to cover the costs to go along with the $174,000 that was transferred for the paving project at last year’s budget meeting. Finally, we are asking for authorization to spend $37,000 in a Minor Capital Projects fund on minor upgrades.

 

We strongly believe that a 5.75% budget-to-budget increase is reasonable as it helps us maintain key positions, helps us continue to meet the needs of students, and helps us minimize the increased demand on local taxpayers. This 5.75% increase in the budget results in a 2.55% ($320,502) increase in costs to our towns, which is unavoidable given the increase in expenditures listed above.  I hope that you come to the May 23rd Budget Meeting at The Molly Ockett School elementary gym to support this budget.

 

Jay Robinson

MSAD 72 Superintendent


ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
Ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
ć
Heather Sheehan,
May 18, 2018, 11:19 AM
Ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
Ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
Ĉ
Heather Sheehan,
May 18, 2018, 11:19 AM
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