Budget Workshop #3 April 9, 2024
Budget Updates
State Aid Updates
Tax Rate Projection
Other Revenues
Budget Changes Since Workshop #2 ✓ New Total of $211,006,070 ○ Up $378,000 ○ That is moving from 3.01% to 3.21% ○ What Changed? ■ ■
■
Staffing Review (overages at secondary level for course requests & RTI courses) BOCES Instructional services drilled down more ● Science Kits, Test Scoring, ESL Services increased more than anticipated Support staff increases based on programming
State Aid
Foundation Aid
Foundation Aid-What is Going on This year? ➜
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 Consolidated 17 categories of aid in 2007-08
Studied spending levels of districts meeting key state assessment standards ➜ Established an average to be funded by local dollars and state dollars ➜ Yearly push to update and modernize the formula ➜ Unrestricted-not tied to a funding purpose ➜ Let’s look at Webster’s historical funding ➜
Foundation Aid Historical Look Back
Foundation Aid-What now? ➜ ➜ ➜ ➜
2024-25 was going to be the first year the formula was “run” Largest portion of state aid (~62%) Reminder on the impact on Webster Waiting on the state budget - CPI changed from 4.1% to 2.4% - Impact from Governor’s change - loss of $629,767 - 3 data release points a year on the formula - November - that is the loss difference from the Governor’s run - February - moves the loss to a total of $853,925 - Next release is in mid May that would normally be our basis for the following year’s budget
2024-25 November Projection
2024-25 February Projection
2024-25 Governor's Proposal
Variance from Projection
FAIRPORT
$32,646,601
$32,237,228
$32,208,224
-$29,004
WHEATLAND CHILI
5,712,759
$5,716,182
$5,636,050
-$80,132
EAST ROCHESTER
$9,322,561
$9,318,908
$9,197,382
-$121,526
GATES CHILI
$32,736,639
$32,473,586
$32,297,044
-$176,542
HONEOYE FALLS
$11,743,729
$11,832,586
$11,586,043
-$246,543
PITTSFORD
$21,379,357
$21,369,596
$21,092,291
-$277,305
BRIGHTON
$19,977,908
$20,056,454
$19,709,644
-$346,810
PENFIELD
$28,318,248
$28,311,747
$27,938,041
-$373,706
HILTON
$35,151,153
$35,269,901
$34,885,938
-$383,963
CHURCHVILLE CHILI
$32,184,576
$32,212,776
$31,752,412
-$460,364
SPENCERPORT
$30,312,951
$30,397,973
$29,905,928
-$492,045
BROCKPORT
$33,470,198
$33,543,058
$33,020,780
-$522,278
W. IRONDEQUOIT
$33,452,880
$33,704,654
$33,003,747
-$700,907
E. IRONDEQUOIT
$25,216,971
$25,395,844
$24,617,271
-$778,573
RUSH HENRIETTA
$40,395,791
$40,660,423
$39,853,342
-$807,081
WEBSTER
$46,902,756
$47,126,914
$46,272,989
-$853,925
GREECE
$111,693,362
$112,608,397
$110,193,604
-$2,414,793
District
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
✓ Will we be made whole?
Expense Based Aid Updates
●
Based on final enrollment and/or expenditure amounts when reported
$8,292,580 ● ●
Governor’s Estimate Assumed we will spend every dollar of the budget that we report in September to SED
Transportation Aid
No Changes Legislative Estimate
$7,000,000 ● ●
Webster Estimate Aid Rate 2% Lower
●
Expenditure Projection
$6,815,775 ● ●
Governor’s Estimate Assumed district will spend every dollar of the budget projection that we reported in September to SED as well
BOCES Aid
No Changes Legislative Estimate
$6,000,000 ● ● ●
Webster Estimate Aid Rate 2% Lower Expenditure Projection
$5,485,034 ● ●
●
Governor’s Estimate Does not have the data yet on the Final Building Cost Reports at the time of projection Those are due by December 31
Building Aid
No Changes Legislative Estimate
$7,816,340 ● ●
Webster Estimate Based on Final Cost Report Submission Dates in December 2024
$2,021,471 ● ●
Governor’s Estimate Based on very early projections of Student enrollment data
Excess Cost Aids
No Changes Legislative Estimate
$1,850,000 ● ●
Webster Estimate Based on final projected enrollment data in these BOCES and private placements
$670,603 ● ●
Governor’s Estimate Based on very early projections of Student enrollment data
Instructional Material Aids
No Changes Legislative Estimate
$668,000 ● ●
Webster Estimate Based on our most current enrollment data
Reminder on Instructional Materials ➢
❖ ❖ ❖ ❖
Fixed Formulas
$58.25 per student x enrollment Library - $6.25 per student x enrollment Hardware - $24.20 per student (then multiplied by BOCES aid ratio of .64) x enrollment Software - $14.98 per student x enrollment
2023-24 Final Budget State Aid
2024-25 Governor's Proposal
Foundation Aid
$42,432,025
$46,272,989
$46,272,989
$3,840,964
High Cost Excess Cost
$825,000
$1,077,943
$925,000
$100,000
Private Excess Cost
$825,000
$943,528
$925,000
$100,000
BOCES Aid
$6,000,000
$6,815,775
$6,000,000
$0
Building Aid
$9,913,944
$5,485,034
$7,816,340
-$2,097,604
Transportation
$7,000,000
$8,292,580
$7,000,000
$0
Hardware and Technology
$134,400
$127,999
$127,000
-$7,400
Software, Library, Text
$682,560
$670,603
$668,000
-$14,560
Universal Pre K
$1,530,900
$2,384,100
$1,530,900
$0
Total Aid
$69,343,829
$72,070,551
$71,265,229
$1,921,400
State Aid (Minus UPK Grant)
$67,812,929
$69,686,451
$69,734,329
$1,921,400
Aid Category
2024-25 Legislative 2024-25 Final Proposal Budget State Aid
Variance
Tax Levy Limit
No Update-Exactly the same as the February Presentation
Review The 3 Parts of The Formula For Tax Rates
Local Assessors
State Controlled
District Controlled
Webster’s Three Parts (Projected) Levy ✓ ✓ ✓
$123,509,680 3.29% Increase Estimating $100,000 for re-levies that are provided in June from the assessors
Equalization (Estimated/Current) ✓ ✓ ✓ ✓ ✓
✓
52% (58%) Penfield - 87% (94%) Ontario - 76% (84%) Walworth - 74%(82%) These are preliminary estimates for the NYS office of real property Still have the ability to change until August tax warrant
Assessments ✓ ✓ ✓ ✓ ✓
✓
+1.06% Penfield - +2.74% 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 9, 2024
Projected Rates for Next Year
2023-24
2024-25
Variance
% Variance
Penfield
17.081053
16.977733
($0.10)
-0.60%
Webster
27.683099
28.405070
$0.72
2.61%
Ontario
19.403196
19.724366
$0.32
1.66%
Walworth
19.876444
20.257457
$0.38
1.92%
True Tax Value
16.057100
14.771459
($1.29)
-8.01%
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
Budget does not need any usage of one time revenues from reserves.
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
2022-23
2023-24
2024-25
Variance
Sales Tax
$8,000,000
$8,000,000
$8,000,000
$0
State Aid
$61,529,924
$67,812,940
$69,734,329
$1,921,389
BOCES
$265,000
$265,000
$265,000
$0
Interest
$150,000
$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
$500,000
$0
$0
$0
Appropriated Fund Balance
$5,500,000
$5,500,000
$5,500,000
$0
Property Tax Levy
$116,818,533
$119,660,800
$123,609,680
$3,948,880
Total Revenues
$195,813,457
$204,438,740
$210,309,009
$5,870,269
County Budget To Budget Increase Comparisons
4%
Budget Is A Balanced Formula
Revenues $210,309,009
Budget $211,006,070
Surplus/Deficit ($697,062)
What do you notice? ✓ Getting our Foundation Aid Back will eliminate the deficit ✓ What if we don’t? ✓ We will sharpen the pencil and come back on April 16 with a balanced budget through some belt tightening and revenue forecasting Hint: Slide 8
28
Why am I so confident?
Upcoming Dates
April 16
May 1
May 7
May 21
Budget Adoption
Budget Materials Published
Budget Hearing
Annual Vote
Thank you!
Budget Website