Someone asked me if the $3.07, 5.09% increase includes the $540,000 Teacher Stimulus money. Yes, it does account for it but there are few other items that are accounted for in this budget request:
Budget Increase: $3,070,424
+ 540,000 (Federal Teacher Stimulus)
+ 225,000 (Allocation from Medical Trust Fund Balance)
+ 232,009* (Underfunding claims @105% vs 110%)
$4,067,433 Actual budget increase
In essence, this budget recommendation is actually a $4M increase. I think the fact that our budget is being helped by grants/stimulus sometimes goes unnoticed.
That being said, since the Federal Teacher Stimulus is a one-time deal, it will be gone at the end of the 2011-2012 school year. Which means, that unless something is done to supplant this grant, the 2012-2012 Budget recommendation will most likely start off with at least a $540K increase. But that's neither here or there at the moment. The point here is that an additional $1M increase in the operating budget is getting lost in the translation in the current budget proposal because it's being "accounted" for by a grant, medical trust fund and underfunding.
* I have to verify this number, I am basing it on Page 7 of the Medical Benefits section in the budget workbook. This could be an additional $232K but I will confirm the actual number by Tuesday.