Friday, April 11, 2008

2009 Budget UPDATE

(some of this has already been posted here before. Brian Allen did a great presentation last night, which he told me will be going up on the School Department front page sometime soon. I'm going to give a quick summary here; there is more!)

Current projected budget deficit for next year:

$3.1 million (this is a change of $2.6 million)

Next year the City is projected to contribute $92 million to the School Department budget of $255 million for FY09. This an increase of 2.1%.

It is $421,000 above the foundation budget floor.
This would bring our foundation budget next year to:

100.3% over the minimum

(You'll note that this is still not the 102% the School Committee has requested.)

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