HCPSS FY 2021 budget ahead

This was posted on my facebook.  I think I should post it here too. The post was updated on September 10, 2020 based on staff info.

Many people asked me on school budget. Here are numbers(estimated). We will get better estimate during budget work session on 4:00-6:00PM September 10, 2019.

The school needs balance its’ budget such that we spend what we have.

For Fiscal Year 2021, starting from the beginning, we need extra 12 million for operating budget which is from this year deficit (we are funding some operating budget this year with one time funding), 10-11 million due to extra student growth(800 students*15000 per year=12 million), 25-28 million for teacher and staff salary increase (negotiated 4% as last year, not approved yet), 7-8 million dollar health care cost increase. 

Furthermore, health care fund still has that 37 millions deficit hanging there. This 37 million dollars maybe go up/down. We will get an update on this number by the end of September 2019.

So in total, we need extra 59 million for operating budget, one time 37 million to pay down health care deficit. So the total is around 96 million dollars at least.

Other obligations that we know will have a budget impact but do not have estimates at the this time:

  • Transportation contract costs(no-redistricting related)
  • Dual enrollment FARMS tuition increase
  • Non-public placement
  • Insurance/Risk management
  • Special Education

 

Thinking about during this year’s budget discussion, we were looking at saving 10,000 here and there. We are not sure how the economy will turn out in the next 12 months. We are also not sure how much the county and state would love to fund HCPSS.

We have a really tough, tough 2021 budget in front of us. I love to hear your ideas how to balance the budget.

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