Newton Public Schools Multi Year Budget Projection
% Budget Increase
% Budget Increase
% Budget Increase
% Budget Increase
% Budget Increase
FY28 Budget
FY29 Budget
Multi Year Budget Projection Description
FY24 Budget
FY25 Budget
FY26 Budget
FY27 Budget
Increase Due to City One Time Funding (Charter Maintenance) Increase Due to City One Time Funding (Salaries) Increase/Decrease Due to Circuit Breaker Carryforward
$410,000 $220,000 -$716,800 -$86,800
$0 $0
$0 $0
$0 $0 $0
$0 $0
-$500,000 -$500,000
-$500,000 -$500,000
$500,000 $500,000
Subtotal Increase Due to One Time Funding
$0
Total Expense Increases
-$190,687 -0.1%
$1,352,924 0.5%
$687,202 0.2% $2,036,767 0.7%
$1,778,134 0.6%
Staffing, Enrollment and Budget Adjustments Enrollment (November Projection)
FY24 Projected
Enrollment Change
Enrollment Change
Enrollment Change
Enrollment Change
Enrollment Change
Total Newton Public Schools
11,596
11,522
-74
11,476
-46
11,406
-70
11,249
-157
11,211
-38
Total Staffing, Enrollment and Budget Adjustments
$1,248,872 0.5%
-$496,755 -0.2%
-$283,860 -0.1% -$851,580 -0.3%
-$283,860 -0.1%
Efficiencies and Revenue Increases Cost Efficiencies and Revenue Increases
$0
-$398,408
-$1,376,705
-$1,692,512
$36,428
Total Efficiencies and Revenue Increase
$0 0.0%
-$398,408 -0.1% -$1,376,705 -0.5% -$1,692,512 -0.6%
$36,428 0.0%
Education Stabilization Account Stabilization Increase/Decrease in Staffing and Benefits Stabilization Increase/Decrease to Operating Budget Credits
$3,127,191 -$4,100,000
$0
$0
$0
$0
-$1,000,000
-$1,000,000
$2,000,000
-$8,229
Total Education Stabilization Account Change
-$972,809 -0.4%
-$1,000,000 -0.4% -$1,000,000 -0.3% $2,000,000 0.7%
-$8,229 0.0%
Total Budget Needed
$278,547,007
$288,296,152
$298,386,517
$308,830,045
$319,639,097
Final Budget Increase Needed
$9,891,594 3.68%
$9,749,145 3.50% $10,090,365 3.50% $10,443,528 3.50% $10,809,052 3.50%
Target Budget Increase (from Top)
$9,891,594 3.68%
$9,749,145 3.50% $10,090,365 3.50% $10,443,528 3.50% $10,809,052 3.50%
Difference from Target Budget Increase
$0 0.00%
$0 0.00%
$0 0.00%
$0 0.00%
$0 0.00%
Cumulative Budget Gap
$0
$0
$0
$0
Assumptions:
Health rates increase at 7.1% on average in FY25 and 5% in FY26-FY29. Medicare increases at 5%. Medicare Part B decreases by approximately 50% each year. Unemployment funded at $250,000 per year. Expenses increase at 4% for utilities, 4% for tuition, 5% on average for transportation and 3.5% for maintenance. All other expenses increase at 2% for inflation.
-196-
Made with FlippingBook interactive PDF creator