The school committee approved the FY2011 budget on Tuesday night. This budget was then presented to the Ways and Means Committee last night. The Ways and Means will be voting on all budgets at an upcoming meeting. Warrant articles will be a separate presentation.
Total FY2011 Budget: $37,181,978
Salary Portion: $31,172,965
Town Side of Special Education Budget: $6,835,413
The total school side budget represents a 2.75% increase over the FY2010 budget (our current budget). There is still a $345,000 shortfall between our new budget and our projected salary account. We will be reconciling this amount in the coming weeks either through a BEA staff reduction or a BEA salary concession.
The school committee also narrowed the list of warrants down to $735,000 plus the middle school renovation (a bonded warrant). We are slightly over the $700,000 guideline provided to us from the town. I will be providing back up information on each warrant, including the middle school renovation, in the coming weeks. The school committee may reshuffle some of the projects depending on the Varsity Field bids which are being opened this afternoon and tomorrow.
Early estimates of the middle school renovation project are about $33 million with the town’s share estimated at $10.5 million. This $10.5 million project (town cost) currently has the support of the Massachusetts School Building Authority (MSBA) and will result in a fully renovated, larger building (eight additional classrooms including science labs and an administrative area), and up to date technology. Ultimately, this project will have Marshall Simonds ready for another 40 to 50 years of service to the community…more details to follow.