|
Post by Wantagh Parent on Apr 14, 2008 13:34:34 GMT -5
Please post questions regarding the proposed May '08 budget vote here.
|
|
|
Post by omega3 on May 16, 2008 17:09:40 GMT -5
Fact or Fiction Please take this short true or false quiz to test your knowledge prior to Tuesday’s budget vote.
1.We have received increased state aid each year. This year was one of the largest increases in history. Despite our lawmakers requesting that school districts give the additional aid back to the over burdened tax payer we spend it. TRUE
2. District enrollment has declined each of the past 4 years yet we still continue to spend more with a declining enrollment. TRUE
3. We currently have 3 outstanding bonds with a total principal balance of approximately $33,000,000. We will be paying for these thru 2023. Is debt what we want to pass on to our kids? TRUE
4. According to State Education Department Information (www.nysed.gov) the Wantagh School District for 2006-2007 (most recent data) exceeded average class size in every category / assignment code for both Nassau County and the Region. Our class sizes on average are the largest in the county. TRUE
5. The 2001-2002 budget was $42,036,455 with 3400 students. The projected 2008-2009 budget is $64,735,634 with 3738 students. While the budget has increased 54% enrollment has increased 10%. Does the math make sense? TRUE
6. Last Years (2007-2008) budget brochure listed the tax increase as 4%. The Wantagh School District Budget Notice (as required by State Law) or index card you receive in the mail lists this same tax increase as 5.94%. That’s a 30%+ difference. Which is correct? The latter was the final tax increase last year 5.94%. The budget brochure was off by almost 30%. Please look at lasts year’s budget documents. If for this budget we take the same 30% difference and multiply it by this year’s 8.27% stated tax increase we can easily be looking at a 10-11% tax increase for 2008-2009. While this may in part have something to do with what Nassau County refers to as Base Proportion, none the less a double digit tax increase is something many of us just can’t afford. TRUE
7. With this years budget the Board of Education decided to BAN (Bond Anticipation Note) the 2007-2008 voter approved $14,400,000.Bond. This decision was to keep the expense and tax increases artificially low. This decision is the equivalent to an adjustable rate interest only mortgage. With today’s current financial meltdown we have come to realize that this is a very risky way to manage finances. This decision cuts $800,000 or 2% from what would have been an even larger budget to budget increase. The risk is that interest rates are presently at historical lows and have only one direction to move and that’s higher. When we go to lock in (fixed rate) next year with higher interest rates this decision can cost the tax payer significantly more for the remaining 14 years of this bond. TRUE
8. There are no one time or extraordinary expenses in this years budget. Without change an 8-10% tax increase will be the norm. How many years with a 10% tax increases can we afford. TRUE
9. Debt service from last years bonds is a major contributor to this years large tax increase. FALSE $2,064,172 is attributed to bond debt service. Only $400,000 +/- of this is attributed to the bond passed last year. The remaining $1,600,000+/- is from 2 previous bonds. Please reference the above statement 4. 10. The largest increases and dollar expenditures each year are salary and benefits. Times have changed. It can no longer continue with business as usual. We need to rethink what has become standard operating practice. The budget brochure indicates the teacher contracts were negotiated at a 3.5% increase per year. This does not include step and lateral pay increases. When included the more accurate increase on average is 5-6.5% each year. TRUE 11. The Wantagh Citizen has decided they will no longer be accepting our comments about the budget in the weeks leading up to the actual vote. What happened to free speech? TRUE 12. If the budget fails the Board of Education must cut all interschool athletics, field trips and extracurricular activities. FALSE The Board of Education (Education Law 2023) has the discretion as to which ordinary contingent expenses they may or may not cut to arrive at the contingent budget amount. The Appellate Division of the Supreme Court of the State of New York ruled (Case # CA 04-02074) has ruled against the Cato Meridian Central School District as follows: They have abused their discretion in an arbitrary, capricious and illegal manner, in violation of the plain meaning of section 2023 of the education law by totally eliminating any appropriation of monies for interschool athletics and other extracurricular activities.
The intent of this quiz is to enlighten with facts, not propaganda and sound bites, force us to think, force us to ask the hard questions and to conclude if in fact things make sense. No one can argue the kids aren’t worth it. We all want the best for our kids. But ask yourself if that’s what your kids are getting .In a perfect world it should only be about the kids. In the real world people are leaving Wantagh because the taxes are too high. In the real world young couples can’t afford to live in Wantagh. Without change in a few years this all won’t matter.
|
|
|
Post by Wantagh Parent on May 16, 2008 18:32:29 GMT -5
Just a reminder to all.
Discussions are good. Everyone is welcome.
Multiple postings are unnecessary and will be deleted. Referencing another thread is fine but the multiple ones aren't necessary.
Thank you.
|
|