FY11

Brian Allen on this year's budget first: state budget projected to be $600 million short. Budget cuts for THIS year are still possible.
There are still $170 million of ARRA (stimulus) money left...if they use it now, there will be nothing left for next year.
Allen reviews that the foundation budget is based on our enrollment and the inflation factor.
This year $264.3 million
We'd be in the hole for $24 million this year if it weren't for stimulus money (Allen reviews how). Three kinds of ARRA funds used to fill the hole of funding.
Expect to use the rest of the $8.1 million this year to fill at least part of the hole.
ARRA used to "shore up the budget"
Reminder from Allen that a complete report on the use of the stimulus is avaliable as an attachment to the July School Committee agenda (which isn't a live link, but you can find the agenda here)

For FY11 foundation would be expected to grow by $11.3 million ($3 million in new students (290) AND IF THERE WERE A NORMAL INFLATION RATE of 2%). Of course, it isn't a regular year, as witness by the non-growth of inflation.
Cost increases of about $10 million (insurance by $3 million; $2.5 million of transportation; $2 million in salaries; $1 million in sped...etc)

HOWEVER:
We probably won't have $15 million in ARRA
Charter school reimbursement will go down by a milllion
Ch. 70 level funded
City contribution would be expected to go up by $2.2 million (this depends on state aid, or 9C funds)
AND Ch. 70 may well not be level funded
AND the foundation formula right now is in fact negative (due to the inflation rate of -.5)

State grant funding, circuit breaker, charter school reimbursement, and federal grants could all be in danger of being cut, as well.