1. NIAGARA FALLS CITY SCHOOL DISTRICT BUDGET Tuesday, May 15, 2012 Noon - 9 p.m.

2. Families need the money they earn. Despite difficult economic challenges, the District has not raised the tax levy in 19 years. Tax Levy

3. Tax Levy History Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Tax Levy $25, 076,688

4. If increases in the tax levy had kept pace with the inflation rate in the last 19 years, the levy would be about 44% higher than it is today! Inflation Rate vs. Tax Levy

5. Reducing Costs Consolidated buildings Streamlined operations Reduced healthcare costs Committed to energy efficiency

6. A LOOK AT REVENUE All Sources

7. 2010 - 2013 Budget History 2010-11 Budget was $126,003,417 2011-12 Budget $121,057,959 2012-2013 Proposed $122,438,834 Difference Increase of 1,380,875 Change Increase of 1.14%

8. 3 1) Revenues include assumed use of $2.751 million of fund balance. This leaves $1.5 million for future use, as well as any fund balance generated in 2011-12. 2) Assumes a $1.2 million restoration of State Aid. 3) There Is no increase to the Tax Levy. 4) Salary savings include contractual increases and all corresponding benefits. 5) Workers' Compensation - is a one time use of a portion of District's Workers' Comp Reserve. This will leave $587,716 for future use. 6) ERS / TRS - reflect savings from amortization of pension cost increases in 2012-13. 7) 8) Debt Service – is an estimate of interest savings due to refinancing of DASNY bonds in Fall 2012. Budget includes $100,000 in General Fund Budget line A 9950.9 for capital outlay per State law provision. Parameters for 2012-13

9. A LOOK AT EXPENDITURES

10. Administration Program Capital TOTAL $12,786,678 $88,039,685 $21,612,471 $122,438,834 2012-2013 EXPENDITURES IN REQUIRED BUDGET VOTE FORMAT

11. 2012 - 2013 Key Point The District receives $12.5 million LESS in revenue than it did just three years ago.

12. Reductions in Force NFT 6 ASC 0 CSEA 5FT/31PT TAUL 2FT/32PT NIAS 0 Total: 13FT/4 Reductions in Force 63PT Fewer than 24 hours per week

13. May 15, 2012 Noon to 9 p.m. VOTE! Not sure where to vote? Call District Clerk Ruthel Dumas at 286 4204. Bring your neighbors to the polls ! Thank You For Your Interest!