1. Catskill Central School District 2010-2011 Draft General Fund Budget April 22, 2010 Board Presentation

2. State Retirement Incentive – 55/25 Employee must be 55 years old Employee must have 25 years in the pension system Employee must have been active as of February 1, 2010 Entitled to an unreduced retirement benefit for eligible members

3. District’s Retirement Incentive Employee who is eligible for pension without penalty One-time lump sum payment to their 403(b) annuity of $30,000 Minimum of 6 retirees needed Submit letter of interest by April 20, 2010 Submit irrevocable letter of resignation, for the purposes of retirement by May 4, 2010

4. Variables Number of actual retirements Which employees retire Some positions must be filled by a new hire Some positions need not be filled Some positions can be filled with an employee slated for layoff

5. Revised Budget – Scenario A Presumption - No retirements Cuts:1.0 Foreign Language, 1.0 Art, 1.0 Library, 3.0 Elementary Restores: 1.0 Foreign Language and 1.0 Business Teacher Positions eliminatedNumber of Layoffs CAA2.0 FTE CTA6.0 FTE CSEA2.7 FTE1.4 FTE Budget$36,699,599 Tax Levy3.26 %

6. Revised Budget – Scenario B Presumption - 6 retirements Positions eliminatedNumber of Layoffs CAA2.0 FTE CTA5.0 FTE2.0 FTE CSEA2.7 FTE1.4 FTE Budget$36,392,616 Tax Levy1.79 %

7. Revised Budget – Scenario C Presumption - 6 retirements – different individuals Positions eliminatedNumber of Layoffs CAA2.0 FTE CTA5.0 FTE3.0 FTE CSEA2.7 FTE1.4 FTE Budget$36,415,125 Tax Levy1.93 %

8. Revised Budget – Scenario D Presumption - 9 retirements Positions eliminatedNumber of Layoffs CAA2.0 FTE CTA4.0 FTEnone CSEA2.7 FTE1.4 FTE Budget$36,288,439 Tax Levy1.13 %

9. Area Schools Budget Information Tax LevyRetirementsLayoffs Cairo-Durham $27.7 M (1,515 stdts) 3.93% $11,524,320 17.6 Coxsackie-Athens $25.3 M (1,543 stdts) 2.99% $14,509,422 414.2 Greenville $26.1 M (1,350 stdts) 1.82% $15,154,234 67.9 Hudson $40.9 M (2,002 stdts) 3.98% $17,561,344 940

10. Tax Levy Chart Budget AmountTax LevyDollar Increase $ 36,347,1141.5%$236,922 $ 36,426,0882.00%$315,896 $ 36,505,0622.5%$394,870 $ 36,544,5492.75%$434,357 $ 36,584,0363.0%$473,844 Estimated Tax Levy range $16,031,710 to $16,268,631