Mendon & Upton Target Share: Implications of an Override
Transcript of Mendon & Upton Target Share: Implications of an Override
Mendon & Upton Target Share:Implications of an Override
April 6, 2015
Target Share
• Staring in 2007, the State established a new funding formula… one where a greater burden for financing PK-12 education would be on municipalities
• Target Share: establishes a goal of how much (%) each municipality should contribute to school budgets, based upon two factors-
Aggregate property values Aggregate personal income levels
> MRGF Aggregate property values Aggregate personal income levels
Target Share has been STABLE
FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY1620.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
MendonUpton
• However, since 2007, both Mendon & Upton have been funding the school budget below the Target Share
Minimum Local Contribution• Based upon Target Share goal• Determined by enrollment & MRGF (Municipal Revenue
Growth Factor)
Town Target Share for FY16
Increase in MLC for FY16
Actual Share Once MLC is Met
Distance from Target Share- FY16
Mendon 65.60 % $336,363 60.61% -4.99 %
Upton 64.85 % $271,599 59.17% -5.65 %
FY16 MRGF: Mendon: 4.86 % Upton: 4.11%
Lines for Local Assessments
Min. Local Contribution Increase vs. Actual Contribution Increase from Mendon
FY13 FY14 FY15 FY16$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
MLC Increase Actual Mendon Increase
The 4-year cumulative shortfallwould be
$406,442
Mendon Funding w/No Override
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
-$200,000
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Increase in MLC Operational Additional
What this Translates To:• $1.4 M in Cuts for FY16• The Loss of ~20 FTE Positions• Class Sizes @ 26-30 at All Levels• Loss of Elective Opportunities @ the Secondary
Level• Less Supports (Academic/Social/Emotional) for
Students• Increased Fees for Athletics/Extracurriculars• Downward Spiral for the MURSD
Mendon Funding w/ FY16 Override
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
Increase in MLC Operational Additional
What this Translates To:• MURSD Strategic Plan is Supported/Goals are
Realized• Level Services/Programming Sustained• Class Sizes Average 20-22 @ All Levels• More Supports for Students Who Need Them• Reduced/Eliminated Fees for Athletics/Extra &
Co-curriculars• Sustainability for 4-5 Years
Min. Local Contribution Increase vs. Actual Contribution Increase from Upton
FY13 FY14 FY15 FY16$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
MLC Increase Actual Upton Increase
The 4-yearcumulative shortfallwould be
$453,717
Upton Funding w/No Override
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20-$200,000
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Increase in MLC Operational Additional
Upton Funding w/FY16 Override
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
Increase in MLC Operational Additional
Conclusions
• The Mendon driver formula (half of 2 ½ increase, half of new receipts) will not meet the district’s needs for FY16
• This formula does not meet the MLC- and the cumulative effect is creating a deficit
• Without an override, by FY18 the Operational Additional in each town will not even meet the MLC
Conclusions
• If a FY16 override fails, the district will make numerous cuts… and the FY17 Budget request will no doubt include override requests to rebuild the district
• Passage of the FY16 override is a smart investment for the coming school year and beyond as it builds the Operational Additional to sustainable levels