ACPS Budget Status Information

posted Dec 1, 2009, 11:02 AM by John Lewis   [ updated Jan 10, 2010, 1:11 PM by Lisa Medders ]
ACPS Parent Council
Superintendent’s Report on the Budget


Dr. Moran described the current budget shortfalls as a “perfect storm” due to these contributing factors:
  1. Virginia revenues continue to decline; FY 2010 projects a $1.5 billion shortfall.
  2. Local revenues continue to decline with a $4 million shortfall this year.
  3. Albemarle County’s composite index, which is set by the Commonwealth of Virginia and is used to determine a locality’s ability to pay, has increased. Determined by 2007 property assessments, it will be used for fiscal years 2010 and 2011. This change reduces schools funding to Albemarle County by 14%, around $6 million dollars.
  4. Several BOS members have indicated a reluctance to adopt an effective tax rate. To keep the same effective tax rate (revenue neutral), the rate would be set at .77/$100 assessed value. If the effective tax rate is adopted, ACPS will face a deficit of $8 million. If no effective tax rate, the division will face a deficit of $11 million.
  5. Finally, the current year’s budget is $2 million plus lower than the previous year’s budget. Major cuts in the budget, combined with increased federal and state mandates and increased health insurance costs resulted in an extremely tight current budget. Anticipated revenue shortfalls would cause a significant impact on numbers of teacher, classroom sizes, and elimination of programs.
Dr. Moran requests parent, teacher, principal, student input as soon as possible to indicate what you consider important programs/initiatives in your school which you don’t want to see eliminated.  Additional information will be developed by Dr. Moran’s office to indicate how feedback should be shared in anticipation of her budget considerations. Parent Council will distribute this information as soon as it is available.
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Lisa Medders,
Dec 1, 2009, 11:04 AM
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Lisa Medders,
Dec 1, 2009, 11:04 AM
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Lisa Medders,
Dec 1, 2009, 11:04 AM
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