Budget Workshop #3 April 11, 2023
State Aid Updates
Tax Rate Projection
Other Revenues
Agenda
State Aid
Foundation Aid
Foundation Aid-What is It? ➜
What is it? Why the big deal?
-
Started with a court case in 1993 Claimed inadequate funding for NY schools 2003 was upheld by court of appeals Resolved in 2007 with foundation aid plan & formula
Studied spending levels of districts meeting key state assessment standards ➜ Established an average to be funded by local dollars and state dollars ➜ Unrestricted-not tied to a funding purpose ➜ Let’s look at Webster’s historical funding ➜
Foundation Aid Historical Look Back
District
2022-23
2023-24
$ Increase
% Increase
Greece
$87,833,360
$106,905,634
$19,072,274
21.71%
Rush Henrietta
$29,086,112
$37,488,321
$8,402,209
28.89%
West Irondequoit
$24,376,724
$32,670,404
$8,293,680
34.02%
Webster
$36,474,568
$44,129,130
$7,654,562
20.99%
Gates Chili
$26,212,973
$32,717,214
$6,504,241
24.81%
Hilton
$28,705,636
$34,971,374
$6,265,738
21.83%
Penfield
$19,384,563
$25,556,743
$6,172,180
31.84%
Brighton
$13,169,600
$19,088,880
$5,919,280
44.95%
Pittsford
$15,188,284
$21,016,693
$5,828,409
38.37%
Churchville-Chili
$25,910,068
$31,325,320
$5,415,252
20.90%
Fairport
$27,428,525
$32,058,633
$4,630,108
16.88%
Spencerport
$25,100,900
$29,638,408
$4,537,508
18.08%
East Irondequoit
$20,420,833
$24,158,217
$3,737,384
18.30%
HFL
$9,970,605
$11,509,436
$1,538,831
15.43%
East Rochester
$7,723,854
$9,189,655
$1,465,801
18.98%
Brockport
$29,705,860
$30,597,035
$891,175
3.00%
Wheatland Chili
$4,715,866
$5,374,558
$658,692
13.97%
Expense Based Aid Updates
●
Based on final enrollment and or expenditure amounts when reported
Transportation Aid
$8,451,964 ● ●
Governor’s Estimate Assumed we will spend every dollar of the budget
? Legislative Estimate
$7,000,000 ● ●
Webster Estimate Stable Aid Rate
●
Expenditure Projection
BOCES Aid
$6,488,657 ● ●
Governor’s Estimate Assumed district will spend every dollar of the budget
? Legislative Estimate
$6,000,000 ● ● ●
Webster Estimate Stable Aid Rate Expenditure Projection
Building Aid
$7,127,090 ● ●
Governor’s Estimate Does not have the data yet on the Final Building Cost Reports at the time of projection
? Legislative Estimate
$9,913,944 ● ●
Webster Estimate Based on Final Cost Report Submission Dates in December
Excess Cost Aids
$1,739,966 ● ●
Governor’s Estimate Based on very early projections of Student enrollment data
? Legislative Estimate
$1,650,000 ● ●
Webster Estimate Based on final projected enrollment data in these BOCES and private placements
How The Formula Works Student A Total Cost
$100,000
Threshold (Local Share)
$43,278
Remaining Cost
$56,722
State Aid Ratio
0.56
Total Excess Aid
$31,764
Instructional Material Aids
$797,015 ● ●
Governor’s Estimate Based on very early projections of Student enrollment data
? Legislative Estimate
$816,960 ● ●
Webster Estimate Based on our most current enrollment data
Aid Categories
2021-22 Final Budget State Aid
2022-23 Final Budget State Aid
2023-24 Governor's Projection
Foundation Aid
$31,812,070
$36,659,875
$43,356,980
$41,659,875
$772,150
$772,150
FA Tutoring Set Aside
2023-24 Legislative Projection
2023-24 Final Budget State Aid
High Cost Excess Cost
$1,300,000
$1,000,000
$860,626
$825,000
Private Excess Cost
$750,000
$750,000
$879,340
$825,000
BOCES & Special Services
$6,132,305
$6,082,305
$6,488,657
$6,000,000
Building Aid
$9,011,287
$9,220,768
$7,127,090
$9,913,944
Transportation
$7,000,000
$7,000,000
$8,451,964
$7,000,000
Hardware and Technology
$134,409
$134,409
$130,334
$134,400
Software, Library, Text
$682,567
$682,567
$666,681
$682,570
Universal Pre K
$1,422,900
$1,530,900
$2,384,100
$1,530,900
Total Aid
$56,822,638
$61,529,924
$68,733,822
$0
$67,812,939
Late State Budget Impacts
Expense Based Aids ✓
✓
Neither the governor or legislature proposed any changes Safe to predict that formulas will be accurate for the projections presented
Foundation Aid ✓
✓
Whether set aside is in the final budget or not, still is state aid that the district will receive We will earmark those portions of the budget towards general expenditures, not specifically 3-8 math and ela
Tax Levy Limit
No Update-Exactly the same as February Presentation
Review The 3 Parts of The Formula For Tax Rates
Local Assessors
State Controlled
District Controlled
Webster’s Three Parts Levy
Equalization (Estimated/Current)
Assessments
✓ ✓ ✓
✓ ✓ ✓ ✓ ✓
✓ ✓ ✓ ✓ ✓
$119,660,800 2.43% Increase Estimating $75,000 for re-levies that are provided in June from the assessors
✓
58% (64%) Penfield - 94% (100%) Ontario - 84% (94%) Walworth - 82%(94%) These are preliminary estimates for the NYS office of real property Still have the ability to change until August tax warrant
✓
+1% Penfield - +2.89% Ontario - +1.53% Walworth - +1.93% Utilized the 10 Year Average for Webster Utilized the 25 year Median increase for Penfield, Walworth, & Ontario to smooth out recent increases that would skew the average
100% Guarantee These Rate Estimates Will Change in August! Brian Freeman April 11, 2023
Estimated Assessed Rates Per Thousand 2022-23
2023-24 (Estimated)
Variance
% Variance
Penfield
17.370224
17.065683
($0.30)
-1.75%
Webster
27.141003
27.658206
$0.52
1.91%
Ontario
18.731630
19.401524
$0.67
3.58%
Walworth
18.731630
19.874732
$1.14
6.10%
True Tax Value
17.371077
16.042723
($1.33)
-7.65%
Other Revenue Sources
Revenue Streams-What are they? Sales Tax
PILOTS
Fund Balance
Projecting to remain stable into next year.
Payments in Lieu of Taxes are projected to remain stable for next year with one new PILOT replacing one coming off the books.
Maintain same level of appropriated fund balance as previous years to reduce the tax levy.
Reserves
Interest
Miscellaneous
This Budget allows for use to eliminate any need for reserve allocations to make up for revenue shortfalls. This is a major help to long-term financial stability.
Interest rates have increased, but with the volatility from quarter to quarter we could see them come back down next year. Will continue to monitor for future budget revenue calculations.
Facilities usage revenues, continuing education revenues, and other sources of revenue projected to remain stable.
Final Revenue Numbers Category
2021-22
2022-23
2023-24
Variance
Sales Tax
$7,350,000
$8,000,000
$8,000,000
$0
State Aid
$54,077,954
$61,529,924
$67,812,930
$6,283,016
BOCES
$265,000
$265,000
$265,000
$0
Interest
$200,000
$150,000
$150,000
$0
Payments In Lieu of Taxes (PILOTS)
$1,250,000
$1,250,000
$1,250,000
$0
Miscellaneous Revenues
$1,800,000
$1,800,000
$1,800,000
$0
Transfer from ERS Reserve
$2,042,499
$500,000
$0
-$500,000
Appropriated Fund Balance
$5,500,000
$5,500,000
$5,500,000
$0
Property Tax Levy
$114,626,807
$116,818,533
$119,660,800
$2,842,267
Total Revenues
$187,112,260
$195,813,457
$204,438,730
$8,625,283
County Budget To Budget Increase Comparisons
5.66%
Budget Is A Balanced Formula
Revenues $204,438,740
Budget $204,438,730
Surplus/Deficit $0
Upcoming Dates
April 18
May 1
May 2
May 16
Budget Adoption
Budget Materials Published
Budget Hearing
Annual Vote
Thank you!