Budget Assumptions
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EDUCATION FUND
BUDGET ASSUMPTIONS
OCTOBER 26, 2023
Revenue Assumptions:
- Projected enrollment: Increase by 60 students to 9,494
- Special Education Projected Pupil Count: Increase from the prior year
- Vocational Education: Increase from last year
- Academic Honors Grant: Increased from last year; New Funding Categories
- Non-English Speaking Program: Now included in the funding formula
- Summer School: About the same as last year
Total Funding as follows:
Expenditure Assumptions:
Staff Changes:
- Administrators: No change
- Teachers: 9 classroom teachers
- Support staff: 3 classroom aides
Group Health Insurance:
- An average increase of 1.78% in the corporation's share of the premium for January 1, 2024
- An average increase of .44% in the employee share of the premium for January 1, 2024
Total Expenses: $63,270,000
Tax Rate/Levy Assumptions:
This fund has no tax rate or levy. It is funded mostly by the state basic grant formula.