School Board Presented 2012-13 General Fund Budget for First Reading
Key Points
- First reading is based on House version of the State Budget. The Senate will next consider.
- Budget includes partial cost of living increase of 2% for all personnel (State mandated for teachers), and a salary increase for teachers with a certificate upgrade.
- Growth of 800 students requires 71 additional teaching positions and 14.5 support positions.
- Projected State Base Student Cost is $2,012 (2000-01 funding level). The Base Student Cost for Greenville County Schools is $1,461 based on the State Index of Taxpaying Ability.
- Budget is balanced using $16.975 million in generated savings (one-time funds) and a 7.5 mill property tax increase (businesses, rental homes, cars) of the 11.98 mills allowed by State law. The 7.5 mills are needed to fund underfunded State mandates and Local requirements due to growth and inflation.
Budgeted Expenditures for FY 12 |
$442,784,098 |
State Mandated Expenditures for FY 13 (15,639,000) |
|
|
Goal 2: Ensure Quality Personnel in All Positions |
|
|
7,580,000 800,000 2,808,000 490,000 1,439,000 |
|
Goal 4: Effectively Manage and Further Develop Financial Resources |
|
|
2,522,000 |
Local Required Expenditures for FY 13 ($5,919,902) |
|
| Goal 1: Raise the Academic Challenge and Performance of Each Student | |
|
4,200,000 34,902 |
| Goal 2: Ensure Quality Personnel in All Positions | |
|
761,000 |
| Goal 3: Provide a School Environment Supportive of Learning | |
|
656,000 218,000 |
| Goal 4: Effectively Manage and Further Develop Financial Resources | |
|
50,000 |
| Reduction of Expenditures for FY 13 ($115,000) | |
|
(15,000) (100,000) |
Total Proposed Expenditures for FY 13 |
$464,228,000 |
The Board will consider approval of the General Fund Budget on Tuesday evening, June 5.