Rocky Point residents were able to get a full picture of its school district budget for the 2019-20 school year after two workshops on Jan. 14 and March 18 that covered all aspects of the budget.
The total proposed budget amount for the upcoming school year will be $86,743,446, a slight increase of 0.71 percent from last year’s amount. The district will also see a projected tax levy cap of 2.59 percent and the tax levy amount would increase by more than $1.3 million.
At the Jan. 14 workshop, district officials expressed concerns over the delay in implementation of foundation aid to its schools and how it could affect state aid funds they receive. On April 1, the state passed its budget and the district will receive a preliminary figure of $19,044,293 in foundation aid, an increase of more than $140,000 from last year.
“The district is appreciative of the efforts of our elected representatives in Albany for all they have done to provide additional foundation aid for the 2019-20 school year,” Superintendent Michael Ring said. “Although the increase for the school year represents a smaller rate of growth than in recent years, we are aware of the fiscal challenges being addressed in Albany.”
Another highlight from the January workshop was debt services which will decrease in the 2019-20 school year as a result of a completion of payments of two bonds that date back to 1995 and 2000. The bond payments will expire on June 30 and will save the district $451,751.
The Rocky Point superintendent said the bonds expiring were approved by voters for various construction projects, including the construction of the Rocky Point Middle School. As debt service decreases, so does building aid from New York State, which is provided to offset part of the cost of bond interest and principal payments over the life of debt.
Employees Retirement System rates will decrease to 13.1 percent, which will most likely save the district more than $159,000. Teachers Retirement System rates are expected to decrease as well to 9 percent and would save the district close to $582,000.
Ring mentioned over the past decade the district experienced large increases in required contributions to both ERS and TRS.
“Those increases were challenging to fund and necessarily constrained funding for instructional programs and maintenance of buildings and grounds,” he said. “As these rates have settled back down, the result has been opportunities to better support our core instructional programs and enhance maintenance of our facilities.”
In the March presentation, the district showcased recent enrollment numbers of its students. For the upcoming school year, they are projecting a decrease of 56 students in total, the middle school and high school look to be the most affected as they will have 26 and 23 fewer students respectively.
“We are aware of the fiscal challenges being addressed in Albany.”
— Michael Ring
Ring said declining enrollment is a factor impacting most Long Island school districts, adding the district has effectively managed the impact of this trend through appropriate allocation of resources, redeployment of staff when ordinary attrition occurs and anticipating future needs based on an understanding of the population trend.
The proposed budget is tax cap compliant, according to the superintendent. However, the final tax levy proposal that will go before the voters in May will not be final until acted upon by the board at its April 16 meeting.
For the budget to pass, the district will need a majority of voters support. If the district doesn’t get enough initial votes, the district would call for a second vote with the same or a revised budget. If the second vote does get enough support expenditures could be cut by more than $1.3 million. That could mean potential cuts to instructional and administrative staff as well as instructional support and athletics.
The district budget hearing will be held May 7 at the Rocky Point High School auditorium and the budget vote will be held May 21.