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Montgomery BOE Slashes Budget
Tuesday, 16 June 2009
June 16-- The Montgomery County schoolboard reviewed at their June meeting on Monday night a major decrease in the general money fund for the 2010 budget, also known the as FY10 budget.

Superintendent Dr. Lynn Batten presented the budget to members of the board and highlighted a few key items.

"Our local taxes will remain at 12.1 MILS, so there will be no increase for local tax payers. The general fund balance will decrease somewhat. We are spending some of our general fund balance to operate in FY10, but we will start the year with about half a million dollars, and we will end the year with about $264,000. The significant challenge has been that we have had 1.3 million dollar reduction, which translates into 13.4% reduction in general fund revenues for FY10. And then our general fund expenditures are decreasing by $1.2 million, which translate into 12.1% reduction in general fund expenditures," explains Dr. Batten.

Montgomery County schools will also see a significant increase in federally funding from the American Recovery and Reinvestment Act found in President Obama's 'Stimulus Plan.' Funding will climb from approximately $500,000 to a little over a million dollars in the 2010 budget. Along with approving the FY10 budget, the board also approved money allocations for career, technical, and agricultural education in the upcoming budget. Both items were approved with unanimous decisions.
 
Dr. Batten also said that it would come as no surprise if a special assembly is called in the next few months in order to make further funding cuts. He emphasized that the coming year will be very challenging financially, but that the school system will hopefully end the year in good economic terms with a fund balance close to half a million dollars.

In other news from the meeting, the board also heard from Mr. Joe Filippone, the Executive Director of the Montgomery County Development Authority, who discussed the possibility of a privately owned jail beginning construction in the county. Further discussion of the Montgomery County Detention Center will be tonight, June 17, at 6:00pm at the County Commissioners Office.
 
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