With the passing of Proposition 100 yesterday. Our district will move forward with PLAN A.
From the Kyrene District Website:
Sales tax vote on May 18 will impact Kyrene budget
Education is a large percentage of the state budget and subject to Arizona’s economic climate. The good news is that Kyrene has excellent fiscal management and has been proactive in maximizing savings. The district has had wonderful community support in approving overrides and bond initiatives.
Kyrene is proud to maximize dollars spent in the classroom and is well above state averages in dollars kept in the classroom. The district is also well below averages in administrative spending. Currently Kyrene is in the process of developing two budget scenarios.
Plan A assumes that Proposition 100, 1% sales tax initiative, passes on May 18, 2010. If no additional cuts come from the State, Kyrene will experience an approximate $6M deficit which can be managed for one year through a conservative 2009-10 budget which prepaid allowable expenses, thereby reducing expenditures for 2010-2011 by utilizing restricted and unrestricted reserves and through identifying increased efficiencies. This means Kyrene will not experience overall class size increases or across the board base pay reductions for employees.
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