News

Breaking: BoE budget introduced: $4 million reduction, down 7% with a tax decrease!

MSV received this breaking information:

Last night Mr. Carter and the Business Administrator, Bob Davis introduced the BOE’s 2010-2011 budget.  It passed by a vote of 8-0 (Mr. Carmelo Garcia was not present)

Budget FY 2010-11 $57,882,147
Budget FY 2009-10 $62,013,193
______________________________________
Budget decrease $4,131,046
Budget decrease in percentage terms: 7%

Tax Levy FY 2010-11 $36,764,796
Tax Levy FY 2009-2010 $36,761,743
_____________________________________
 Tax Levy decrease $3,053
 Tax Levy decrease 1%

-The board’s budget goal of keeping the tax levy flat without impacting the educational programs remains in effect.
-The budget includes 14 staff cuts including 2 principals, 1 vice principal, 1 director and 10 teachers. Staff reductions will be achieved through attrition due to 18 retirements, 12 filed and 6 in process. No RIF’s (reduction in force) will be necessary, which means no lay offs.

Talking Ed Note:  This introduced budget reflects a significant achievement in very challenging times coming after the reductions in State aid with the financial crisis faced in Trenton.

The key players in this: Superintendent Carter and the Business Administrator Bob Davis represent the advances of being put in place with the changes in the BoE since last year.  Kids First elected last year played a key role in these hires and the impact is evident:

  • a real honest budget presented to the Board of Eduction
  • a first time ever open to the public budget workshop
  • a thorough transparent discussion of the entire budget including reductions and revenues
  • a tax DECREASE while State aid has been reduced $2.3 million.
Bottom Line: Some people need to take a bow.  Superintendent Carter and BA Bob Davis, please approach the podium to receive your awards for service to Hoboken. 

This is nothing short of impressive.  Btw, who was the BoE majority again responsible for these hires?  
A strong rumor says it’s these folks.
More to come…

Update:  The tax decrease of 1% is due to State and Funding being allocated to certain categories, re: teacher’s salaries, special education, etc. and when the various categories are impacted based on how the various groupings are managed by regulation.

Yet another update: Business Administrator Bob Davis is quoted in a story at Hoboken.patch.com:

“I would think that if you present a budget that spends $4 million less than the previous year—7% less—if, despite losing almost two-and-a-half million dollars in state aid, you present a budget which lowers the tax levy,” Davis said, “one would reasonably anticipate that should be viewed favorably by the public.”



.

Leave a Reply