FY11 budget working session: Allen

AND THERE'S SOME IMPORTANT NEWS HERE:
fiscal update from Brian Allen:
a review of the slides from October
can't address a $26 million gap by going line-by-line
we began this year (FY10) with a $24 million deficit
state has unfunded ch.70 by $15.9, ch.70 is down $3, city contribution is down by $1.3, grant charges are up (which means we lose) $900,000, state grants are down $1.5, federal grants are down $1.2 (all million unless otherwise noted)
FY11: revenue change of $15.5 million, plus expenditure increase of $10.4 million; luckily the money is UP at the state level
state still has somewhere around $150-170 million of stimulus money; we thought they would have used it already, but they haven't. 82% of that is earmarked for education, not the rest.

This year is different; we can't predict our revenue and our costs like previous years. Our budget model assumes a positive inflation level (right now it's NEGATIVE; they're still talking at the state about what to do about that), a level funded ch.70, a fully funded foundation budget (charter school reimbursement and other grants may be in jeopardy; sped has probably reached the floor, as the state is facing maintanance of effort questions from the fed).
Looks like the state will redistribute ch. 70 to get urban districts to foundation (note that this will hurt suburban districts)
THINK THAT THE NUMBER WILL BE LOWER THAN $26 million, as the state is going to work to get urban districts up to foundation. As we're 3/4 dependent on state revenue, our budget depends on theirs.
"We think that the state is going to try, through the governor's budget, to get us to foundation" BUT it has to get through the House and Senate first, and that change would hurt other communities
DANG. That's big news!