Friday, December 15, 2006
Carlisle School refines FY08 budget
Carlisle School Business Manager Heidi Zimmerman presented updated versions of the three preliminary FY08 Carlisle School budgets at the December 6 meeting of the Carlisle School Committee (CSC.) The three budget levels include varying amounts of spending and services. All budgets assume a reduction of three teaching staff positions.
The Levy Limit Guideline budget, based on the recommended limit of a 3% increase by the Finance Committee (FinCom), totals $8,666,684 and would not require an override vote. However, it is anticipated that in order to meet the levy limit constraint, staffing reductions and other cuts would be required.
The current version of the Level Service budget, a 7.5% increase, totals $9,043,971. Zimmerman also recommended adding $17,644 in cost- of-living adjustments (COLA). The Level Service budget would require an override of about $400,000.
The final budget level is called the "Growth Budget with New Initiatives," which is an 11.6% increase, requiring a $726,009 override.
The school is also considering a list of roughly one million dollars in capital requests for FY08.
Finance Committee member Thornton Ash, referring to the town budget, said "It will be tight." Other departments are being cautious, he added. "People are not asking for a lot." CSC member Michael Fitzgerald commented that an override in excess of $300,000 "has never passed."
After further discussion the School Committee said the budget needs to fall between the levy limit budget and the level services budget. Zimmerman said she would have a revised budget for the next meeting.
© 2006 The