SBRSD FY2023 Budget Information
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The following highlights of the FY23<br />
<strong>Budget</strong> Proposal are as follows:<br />
• The District is facing steep inflation of costs in supplies,<br />
materials, and services:<br />
o Inflation rate at 5.9% - state funding formula<br />
capped at 4.5%<br />
o After multiple bids, the transportation contract proposal<br />
came in at increase of >30%<br />
o Health insurance increase of 8%<br />
o Energy costs increases of 30%<br />
o Contracted services cost increases<br />
• Capital Projects funded at $343,500.<br />
• Revenue for tuitions continue to increase - $112k.<br />
• This proposal continues the late buses for next year as part<br />
of our fleet.<br />
• Includes funding for on-going Professional Development<br />
and external coaching for the Math Initiative at the Elementary<br />
& Middle School Levels.<br />
• A revisioning of what it means to have a successful K-12<br />
experience through programming innovations such as the<br />
expansion of the internship program and the Early College<br />
Designation.<br />
• With expanded graduation requirements starting with the<br />
Class of 2023, Mt. Everett will be offering students the<br />
opportunity to graduate with a college and career-focused<br />
diploma as well as at least one internship experience related<br />
to the five career pathways developed as a collaboration<br />
between faculty and administrators in response to the need<br />
for a highly skilled workforce. We will be looking to the<br />
communities to help us evolve our Internship Partnership<br />
Task Force into an Education/Business Coalition!<br />
• The District is continuing to review and expand Early<br />
Childhood Programs, including Pre-Kindergarten, Early<br />
Kindergarten, and Kindergarten, across the district, as well<br />
as the consideration of the development of an Early Childhood<br />
Center.<br />
o Piloting practices for learning and curriculum models<br />
via DESE and the Department of Early Education<br />
and Care (EEC) for PK-grade 3.<br />
o The Early Childhood program registration and<br />
screening process now includes the mandated Dyslexia<br />
screening for all Pre-K + Kindergarten students.<br />
o The screening process has been moved to help the<br />
team make informed decisions about Early Childhood<br />
program placement and includes Pre-K this year.<br />
o The Early Childhood Task Force is established and<br />
meeting regularly to advance this work.<br />
• Excess & Deficiency Fund – Is certified at just under the<br />
5% maximum at $845k. We are proposing a contribution of<br />
$700k to suppress assessments in FY23.<br />
• Proposed using $700k of School Choice funds to help reduce<br />
assessment increases to the member towns.<br />
• We are currently negotiating with all bargaining units with<br />
the hope of settling a 3-year contract for FY23-FY25<br />
• The HVAC system replacement is moving forward in phases<br />
due to the bids coming in significantly higher than the<br />
initial estimates. The District is using state grant funds (ESSR<br />
grants) rather than going to the member towns to borrow<br />
for the project. To fund the next phases, the District plans<br />
to apply for the state funding opportunities set aside by the<br />
Governor for HVAC infrastructure repairs and replacements.<br />
• It is important (and exciting) to note that there was no<br />
change in our overall enrollment numbers this year. Our<br />
total enrollment stayed strong and consistent despite the<br />
inconsistencies the pandemic brought upon us.<br />
Second grade students enjoy a movement break following their morning studies.