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

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

Tax Levy History Year Tax Levy $25, 076,688

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

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

A LOOK AT REVENUE All Sources

Budget History Budget was $126,003, Budget $121,057, Proposed $122,438,834 Difference Increase of 1,380,875 Change Increase of 1.14%

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 ) 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 ) 8) Debt Service – is an estimate of interest savings due to refinancing of DASNY bonds in Fall Budget includes $100,000 in General Fund Budget line A for capital outlay per State law provision. Parameters for

A LOOK AT EXPENDITURES

Administration Program Capital TOTAL $12,786,678 $88,039,685 $21,612,471 $122,438, EXPENDITURES IN REQUIRED BUDGET VOTE FORMAT

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

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

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