Thursday, June 17, 2010

FY11 budget good news

Opening the budget hearing with good news (that makes us us two for two):
the city is reducing the indirect grant charge from 3% to 2.6% (per state law): saves $150,000
(Note that this money is distributed across all of the grants individually, so it isn't a chunk of that amount.)
We were also informed today that the expected 8% drop in Title I is instead a 4% drop, saving $400,000. The administration is recommending saving 7 teacher positions with that.
(actually, there will be a trade going on of the money we saved last time (from utilities) with this money saved, to keep the tutors funded from Title I)

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