State funding decrease will impact SAD 17 budget
by Leslie Dixon, Staff Writer Sun Journal Dec. 16,2 2014
PARIS — Superintendent Rick Colpitts told SAD 17 directors Monday night that a very early review of the 2015-16 budget shows a projected increase of more than $1 million in expenses but only a $2,000 increase in state revenues.
“It's only $2,000 in a $37 million budget if everything remains the same,” he said.
Based on an expected minimal increase in state and federal education funding, plus increases in payroll, health insurance and other factors, the district may be looking at an overall estimated budget gap of between $203,312 and $400,000, Colpitts said.
He said the “big picture” at this early point shows the district will need $19,863,510 to maintain existing programs and services. Expenses are expected to increase by $1.086 million.
If the district decides to meet the state-mandated 100 percent local share for education funding this coming year, an additional $19,660,199, or 4.69 percent, will be needed. The district has two years to reach the 100 percent local share, but Colpitts said if they wait till the last year, the impact will be more difficult to absorb.