Public Hearing 2016-2017 Budget Increasing Tuition Costs Increase - PowerPoint PPT Presentation

Public Hearing 2016-2017 Budget

 Increasing Tuition Costs ◦ Increase in out-of-district tuition of $86,084 from the original 2015-16 budget ◦ Increase of $412,760 in audited tuition from 2014-15  Loss of Ratables ◦ Decrease in Woodbine Borough’s ratables of $768,801  Stagnant State Aid ◦ Combined increase of $2,920 in state aid over last two years

 In the most recent Taxpayers Guide to Education Spending (2014-15), out of 75 K-8 Districts with under 400 students, Woodbine ranked in the bottom half in spending, and the lowest in Cape May County. 2014-15 2013-14 $14,908 $14,634 Woodbine $16,868 $16,330 State Average Below State Average ($1,960) ($1,696) $29,882 $26,762 Cape May County Avg.

 Business Services  Child Study Team Services  Transportation Jointures  Joint Purchasing Agreements  Shared Cafeteria Manager  Shared Music Teacher

 Engage NY ELA Implementation ◦ Trainings with specialist are ongoing for grades 3-5  Continuing refinement of math alignment ◦ Pearson Prentice Hall, Envision and Engage NY  Increased availability of technology ◦ One-to-one ratio for grades 3-8; Grades 1-8 FY17  Proposed supplemental materials ◦ Social Studies to align with standards  Proposed standards ◦ Math Intervention

Current Tax Levy $1,613,698 Ratables $178,433,302 Tax Rate $0.9044 CURRE RRENT TAX X INCR NCREA EASE E $0.0822 Debt Service Tax Levy $155,020 Tax Rate $0.0869 DEBT S T SERV ERVICE T CE TAX I X INCRE NCREASE E $0.0022 Total estimated tax rate $0.9912 NE NET T TOTAL TAX X INCR NCREA EASE E $0.0844

THE AVERAGE ASSESSED VALUE OF A HOME IN WOODBINE $100,00 $121,600 $200,000 $21.10/QTR 25.66/QTR $42.20/QTR RESULTING IN AN INCREASE IN TAXES OF

 Budget Process  Visit the Woodbine Elementary School Website to see the budget presentation and the user friendly budget  Questions?