The FY2011 proposed budget is driven by three key factors:
Special Education Mandates:
The cost of special education continues to be a key factor in the development of the school district budget.The three major cost components include out of district tuition, transportation services, and contractedservices. In FY2011, the special education budget is projected to increase by $1,366,734 or 36% due toout-of-district tuition increases and the use of one-time Circuit Breaker Extraordinary Relief funds inFY2010. Circuit Breaker reimbursement is projected conservatively at $830,000 for FY2011.
Health Care Benefits:
The cost of health care continues to rise, and for FY2011, is expected to increase by 10% or $407,100.Franklin’s Insurance Advisory Committee continues to meet to explore options to contain costs and keeppremium increases to a minimum. In recent years, we have been fortunate to have had the support of most of the collective bargaining units in implementing plan changes to obtain significant cost savings forboth the town and its employees. We are encouraged by this level of collaboration as we investigatefurther cost containment measures.
Personnel Salaries and Contractual Obligations:
The FY2011 proposed budget includes funding for all known and anticipated collective bargainingincreases. The overall salary recommendation does not include costs for employees who are expected tobe absent due to an unpaid leave of absence. The net increase in personnel costs with the addition of 1.5ELL teachers is $381,705, or 1%. One-time offsets from revolving accounts have been applied to keepincreases within reasonable levelsHuman resources continue to be our most valuable asset as indicated by the fact that eighty-two percent of the FY2011 budget is comprised of salaries and health benefits.
FY2011 Proposed Budget$52,255,910
Health & MedicareCosts8%Out-of-DistrictTuition10%Other Expenses4%Transportation4%Salaries74%