Tuesday, March 29, 2011

Update: BOE Budget 2011-2012 Draft Presented Two Weeks Ago - The Levy is Flat

Update 3/29/2011: I bumped this article up since the budget workshop special meeting is tonight on the Hoboken 2o11-2012 School Budget. This article gives a good explanation behind the costs of the proposed budget. The budget isn't finalized until the vote on April 27, 2011 when three board members will also be chosen by ballot. Tonight's meeting is at 1115 Clinton Street in basement and starts at 7PM. The public will be allowed to ask questions.

Original Post 3/8/2011: The Hoboken BOE held their meeting last night on 3/8/2011. The main topic was the introduction of the 2011-2012 budget for the Hoboken School System by Business Administrator Robert Davis. This was also the first appearance for Dr. Mark Toback who made his debut at Hoboken Schools on Monday March 7, 2011.

Robert Davis revealed the 2011-2012 budget at a high level and the most noteworthy takeaways from the presentation were:
  • The Tax levy is flat for the 2011-2012 year.
  • The Hoboken Schools can't lower the tax levy any more according to State formula. It creates what BA Davis refered to as a "reverse cap".
  • The only way to lower the "reverse cap" or floor would be by legislation on the State Level.
  • Over the last year and a half State Aid to Hoboken Schools has been cut by $5 million.
  • The number of Administrators is down to 15 for all of Hoboken Schools or 4% of expenses.
  • Funds to Charter and Non-Public Schools make up 25% percent of the budget.
Dr. Mark Toback at his First Hoboken BOE Meeting 3-8-2011
Hoboken BOE BA Robert Davis explained the conundrum of the "reverse cap"

Below are some charts and video of Mr. Davis' presentation....
Hoboken BOE Budget Summary 2011-12 - Tax levy is flat
Over $5 Million in State Aid cuts
Expenses Breakout pie chart for 2011-2012
Breakout by Expense for 2011-2012 Hoboken BOE budget
AThere are only 15 Administrators now budgeted for

Below is video in two parts from Mr. Davis' explanation on the 2011-12 Hoboken School Budget....

Part 1 of 2 BA Robert Davis gives Hoboken 2011-12 Budget Overview:

Part 2 of 2 BA Robert Davis gives Hoboken 2011-12 Budget Overview: