Thursday, March 21, 2013

RSU 21 releases preliminary budget figures


KENNEBUNK — One week before the town will vote on the proposed cost-sharing formula for RSU 21, Superintendent Andrew Dolloff has released figures showing the potential impact of his proposed budget with the proposal.

"We really think it's important before the March 26 vote that people in all three towns have an accurate picture of what the cost-sharing vote will do in each of the three towns if it passes," Dolloff said during a meeting of the RSU 21 Board of Directors on Monday. "I think it's important that people at least have some comparative basis for making a decision on their vote for cost sharing."
Dolloff said the fiscal year 2014 budget is currently moving forward at $36.6 million, an increase of $696,328 over fiscal year 2013.

The district is facing a drop in state aid of $766,865, as well as an increase in district contributions to the teacher retirement system of $448,134, he said.

To lessen the hit from the state level while impacting district programming as little as possible, Dolloff is proposing to use $1.2 million from the district's fund balance. The fund balance currently contains more than $2.6 million, he said.

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