Budget Update #8 – 4/5/2017

Budget Update #8 – RSU #38 Budget Workshop, April 5, 2017

To view the video as well as all supporting materials, please go to www.maranacook.org/budget

“Promoting student success in all areas as we strive for academic excellence while maintaining fiscal responsibility”

The RSU #38 met on April 5, 2017 for the final budget deliberation session.  There is no new information pertaining to the budget.  We are still waiting for the final percent of increase in cost for health insurance benefits and we have no new information from the state about final subsidy projections.

The Board discussed warrant articles, with three options to consider should the state subsidy be greater than what is anticipated at the time the Board approves the budget.  The first option would allow the school district to keep a specified sum of money and return the remainder to the towns. The second option would return all of the money to the towns.  The third option would be to keep the additional money and increase the expenditure budget.  After discussion, the RSU #38 School Board voted unanimously to include the warrant article that would reduce the local tax assessments in the event of an increase in state funding for public schools.  This article will be part of the warrant to be presented at the Annual Meeting on May 17, 2017 and at the budget referendum on June 13, 2017.

The RSU #38 will approve the school budget at the next meeting on April 12, 2017.  I encourage everyone to attend the Annual Meeting on May 17, 2017.

Opportunities for citizen comments and questions are also available on the district website (http://www.maranacook.org/) on the budget link under Budget 2016-2017, Submit Budget Questions or Comments.

Sincerely,

Donna H. Wolfrom, Ed.D.
Superintendent of School