Monday, June 1, 2020

Answers to All Your Budget Questions

This district has posted an enormous amount of budget and financial information here.

Recently, the Superintendent has been posting shorter pieces in response to questions from the Virtual Budget Coffees.

Here's a quick Q&A on how the district's costs have been changing.

This Q&A addresses district reserves and fund balance.

And here's the most recent in case you missed it:

May 30, 2020Dear North Shore Parents, Community Members, and Faculty,As a reminder, absentee ballots are due back to the Central Office by June 9, 2020, by 5 pm or they will not be canvassed. On the ballot, there are two Propositions and the Election of Trustees (there are two seats available). Proposition 1 is the 2020-21 Budget Proposal which is under the tax cap and Proposition 2 is the subject of today’s Budget Blast. Please see this frequently asked budget question below:Q. Dr. G. will Proposition 2 cost our taxpayers additional money? I understand that it is for specific Capital Reserve projects, but why can’t we use money from the bond to pay for these improvements to our school buildings?A. No. Proposition 2 will not cost our taxpayers any additional money. It only authorizes the District to access existing funds that are currently in our reserves. On May 17, 2016, before we had the 2019 Bond vote, trustees designated the following improvement projects including the nurse’s office at Glen Head Landing and the locker rooms at North Shore Middle School in the Capital Reserve. Our community approved it. On June 9, 2020, we are asking our voters in Proposition 2 to allow the District to use up to $3 million dollars in this existing Capital Reserve for these improvements to our schools. Because these projects were already designated, they were not put in the bond.In addition, I will be hosting my last virtual Community Budget Meeting at 7 pm on Monday, June 8, 2020. All of our residents are invited to attend. Please help us spread the word. I will be sending out a link in advance. For more budget information, please visit the school website at www.northshoreschools.org or the budget/financial section at http://www.northshoreschools.org/boe/Budget.html.Have a nice weekend.  Very truly yours,Dr. Peter GiarrizzoSuperintendent of Schools

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