Advertising high, but keeping expectations low, chief financial officer Tom Dykiel said he expects to see an overall decrease in the neighborhood of $2 million from last year’s budget.
Dykiel said though the district advertised a budget of more than $103 million, he expects it to be about $10 million less than that. He said he’d rather play it safe than worry about not having enough money.
But he also said though the state expects higher tuition support at the student level — an increase of about $290 per student — he’s skeptical it’ll actually be a realized jump in funding.
“We’ll see about that,” Dykiel said. “I don’t get excited by the budget simulations that come out of Indianapolis because that’s what they are, they’re budget simulations.”
The majority of the cuts come out of the district’s general fund — which pays for staff salaries and benefits, primarily — by nearly $2.7 million. The other decrease comes out of the pension debt fund at $134,102.
He said though the district will see increases in debt service, capital projects, transportation and bus replacement funds, they only make up about $600,000 of the cuts contained in the general fund.
He also said the district faces a number of factors they can’t quantify just yet, including the district’s assessed valuation, impact of bridges, future enrollment, tax caps and whether Tax Increment Finance Districts within the county will affect the district.
The board will vote on the budget at its Oct. 23 meeting.