FY2025 Budget
“Extraordinary increases in costs associated with off contract transportation, an enrollment increase of approximately 6%, a proportionate increase in out of district special education tuitions, and a 4.69% increase to out of district special education tuitions created a significant budget deficit for FY24 which, subsequently, manifests in increased costs for recurring expenses in FY25....Given the extraordinary circumstances for FY25, a level service budget represents an 11.3% increase over FY24 funding levels. After many hours of thoughtful deliberation, the Budget Subcommittee, and ultimately the full Committee, voted to support an 8.06% increase for FY25. In order to achieve an 8.06% budget I have worked closely with our District Leadership Team to carefully reduce spending on goods, services, and personnel. These were difficult reductions to make and they will have a direct impact on the quality of service we are able to provide students during the 2024 – 2025 school year."
FY25 PROPOSED OPERATING BUDGET
The FY25 proposed operating budget reflects careful planning and strategic efforts to balance the District’s ability to maintain excellence in educational programming for students while working within the reasonable and real limitations of the Town’s budget and overall levy capacity. The FY25 proposed operating budget request includes an 8.06% increase over FY24 driven primarily by:
- ~6% increase in overall PK-12 enrollment (~7%)
- a proportionate increase in out of district special education placements for students
- 4.69% state regulated increase to out of district private school tuitions
- unanticipated and extreme increase in costs associated with student transportation.