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Port Washington UFSD rollover budget projects 3.35% increase as benefits and debt costs rise
Summary
District staff told the Budget & Facilities committee the 2627 rollover budget would rise about 3.35%, driven largely by a 6% increase in employee benefits and higher debt service tied to an energy-performance contract; the board scheduled follow-ups ahead of formal adoption in April and May.
Kathy (presenter) told the Budget & Facilities committee that the district—s 2627 rollover budget — the cost of running current programs, staffing and services at next year—s prices — would increase about 3.35% from the current year.
"Our rollover budget is basically the total amount of money required to pay for the current year's programs, staffing, and services at next year's prices," Kathy said. She said salaries are estimated to rise 1.94% and account for roughly 27% of the total increase, while employee benefits are estimated to rise about 6% and account for nearly half of the increase.
Kathy also identified an increase in debt service, up about 9.75%, tied to borrowing for the district—s energy-performance contract. She noted capital transfers and exemptions affect the district—s tax-cap calculation and that the district would present a permissive budget that keeps the tax levy within the allowable tax-cap limits.
The district listed key budget dates: staff said the board is scheduled to adopt the budget on April 14, hold a public hearing on May 5, and hold the budget vote and school board elections on May 19.
Committee members pressed for detail on benefit projections and the effect of retirements. Alvarez (committee member) raised a question about whether the savings from retirements would be offset when new staff are hired and the role of "breakage" in those estimates; Kathy said her model compares retiring staff compensation with the anticipated replacement compensation to estimate the net effect.
The presentation also included an estimated property-tax levy figure as presented to the committee. Staff noted the figure in the packet and emphasized the figures are preliminary and based on the current state and federal runs.
The committee did not vote on the budget at the meeting; staff will return with the full budget package and the board will take formal action on the published schedule.
