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:
◦
