NIAGARA FALLS CITY SCHOOL DISTRICT

BUDGET

Tuesday, May 15, 2012 Noon - 9 p.m.

Families need the money they earn. Despite difficult economic challenges, the District has not raised the tax levy

in 19 years.

Tax Levy

Tax Levy History

Year19931994199519961997199819992000200120022003200420052006200720082009201020112012

Tax Levy$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688$25, 076,688

If increases in the tax levy had kept pace with the inflation rate in the last 19 years, the levy would be about 44% higher than it is today!

Inflation Rate vs. Tax Levy

Reducing Costs

Consolidated buildings

Streamlined operations

Reduced healthcare costs

Committed to energy efficiency

A LOOK AT REVENUEAll Sources

State Sources

Property Tax

Other Revenue Sources

72.4%

21.5%

6.1%

2010 - 2013 Budget History

2010-11 Budget was $126,003,417

2011-12 Budget $121,057,9592012-2013 Proposed $122,438,834Difference Increase of 1,380,875Change Increase of 1.14%

3

1) Revenues include assumed use of $2.751 million of fund balance. This leaves $1.5 million for future use, as well as any fund balance generated in 2011-12.

2) Assumes a $1.2 million restoration of State Aid.

3) There Is no increase to the Tax Levy.4) Salary savings include contractual increases and all corresponding benefits.5) Workers' Compensation - is a one time use of a portion of District's Workers'

Comp Reserve. This will leave $587,716 for future use.6) ERS / TRS - reflect savings from amortization of pension cost increases in

2012-13.7)

8)Debt Service – is an estimate of interest savings due to refinancing of DASNY bonds in Fall 2012.Budget includes $100,000 in General Fund Budget line A 9950.9 for capital outlay per State law provision.

Parameters for 2012-13

A LOOK AT EXPENDITURES

41.2%

21.8

19.8%

10.2%

Salaries

Benefits

Other Exepnditures

Debt Service

Transportation

Utilities

5.7%

1.3%

Administration

Program

Capital

TOTAL

$12,786,678

$88,039,685

$21,612,471

$122,438,834

2012-2013 EXPENDITURES IN REQUIRED

BUDGET VOTE FORMAT

2012 - 2013 Key Point

The District receives

$12.5 million LESS in revenue than it did just

three years ago.

Reductions in Force

NFT 6ASC 0CSEA 5FT/31PTTAUL 2FT/32PTNIAS 0

Total: 13FT/4 Reductions in Force

63PT Fewer than 24 hours per week

May 15, 2012

Noon to 9 p.m.

VOTE!

Not sure where to vote? Call District Clerk Ruthel

Dumas at 286 4204.

Bring your neighbors to the polls!

Thank You For Your Interest!