July 15 - voters approve fy21 budget
On July 14 the citizens of Yarmouth approved by a wide margin the proposed FY21 budget during a referendum held at Yarmouth High School. The approved budget includes the $28,938,530 annual operating budget along with a one-time emergency fund of $450,000 to address costs incurred as a direct result of the COVID-19 pandemic. Superintendent of Schools, Andrew Dolloff, provided a draft memo of potential costs as a direct result of COVID-19 to the Town Council and School Committee on June 11.
Please read more about the final budget in the FY21 Budget Narrative.
May 28 - School Committee responds to town council reduction of $250,000
At its regular meeting on May 28, the School Committee received a proposal from Superintendent of Schools, Andrew Dolloff, identifying $250,000 in reductions to the proposed FY21 budget. These reductions were made in response to the Town Council's directive. Dr. Dolloff's presentation, which was accepted by a majority vote of the Committee is linked here. In summary, the reductions include a restructuring of debt, removal of the proposal for World Language expansion to Rowe School, salary freezes for the Superintendent and Director of Business Operations, and a number of reductions in equipment and supply lines. With this adjustment, the proposed budget now stands at $28,938,530, which is an increase of 8.7% over the current year, with an impact to the taxpayers of 4.8%. Combined with the Town budget proposal, this results in an increase in the total tax bill of 2.4%. Additionally, anyone claiming a homestead exemption will receive an additional $5,000 value reduction (exemption) which reduces their tax liability. Thus, for a homestead valued at $400,000, the net result is an actual (projected) increase in their tax bill of 1.05%.
The School Committee has lowered the impact on the local mil rate by placing $500,000 in savings from the current year into a tax stabilization fund for the coming year.
The revised line-item budget may be viewed here.
The budget approval process is scheduled as follows (UPDATED June 8, 2020):
June 11 Town Council – Public Hearing and Adoption, 7:00 p.m., Virtual Meeting (See Town website for link)
July 14 Budget Referendum, 6:00 a.m. to 8:00 p.m., YHS Gym (NOTE: Location change)
APRIL 13 - SCHOOL COMMITTEE ADJUSTS PROPOSED BUDGET WITH $180,000 REDUCTION
On April 13 the School Committee held a special meeting to consider adjustments to the proposed FY21 budget. After significant deliberation, two adjustments were made:
1. Reduction of $116,000 due to a lower than expected increase in health insurance premiums throughout the district.
2. Removal of $64,000 for the proposed School Resource Officer position, which would have required additional funding from the Town of Yarmouth.
An additional adjustment will likely be made as the Town considers options for structuring the debt service for the current construction projects at each school. A reduction in the FY 21 proposed budget of an additional $500,000 is expected. This updated narrative provides a detailed explanation of the proposed budget. The proposed budget may be viewed in line-item format, as well.
SCHOOL COMMITTEE PROPOSED BUDGET PRESENTATION
The School Committee presents its budget to the Town Council through this video presentation, to conform with social distancing protocols while keeping the public informed of our ongoing work. The presentation may also be viewed as a powerpoint. PLEASE NOTE: Since this presentation was created, the School Committee has removed $180,000 from the proposed budget, and may reduce the budget by an additional $500,000 depending on the Town's structuring of debt service (see note, above).
SUPERINTENDENT'S PROPOSED BUDGET FOR FISCAL YEAR 2021
Superintendent of Schools Andrew Dolloff presented his proposed Fiscal Year 2021 budget to the School Committee on February 27 in a televised workshop meeting at the Log Cabin. The School Committee will hold a second workshop on February 3 before considering the budget for a first reading on February 5.
Please view the School Committee calendar to see dates of upcoming Finance Committee meetings.