(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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