Del Mar school district budget approved

By Karen Billing

The Del Mar Union School District Board of Trustees approved the district’s 2012-2013 budget on June 27. The district is projecting total revenues of $39,072,366 and total expenditures of $43,582,101, which represents $4.5 million in deficit spending.

“I know it’s hard to accept a budget that says we’re $4.5 million deficit spending but I think we’re moving in the right direction,” Superintendent Jim Peabody said.

The district has attempted to keep all cuts away from the classroom. The board has eliminated a lunch duty stipend for teachers ($16,000); teacher supply stipend ($5,000); and an extended school year principal ($8,500). Other reductions are $92,000 from district office department budgets and $200,000 in restricted maintenance.

The budget revision is based on the assumption that the governor’s tax initiative will pass in November. Peabody said that if the tax initiative passes, education funding at best will be flat.

However, if it fails, the department of finance estimates a mid-year $441 per student reduction.

The tax initiative failure will also result in an estimated $1.9 million reduction to the reserves.

“If we do pass our bond, that’s about what we will take out of the budget to pay for modernization, technology and teacher enhancement,” Peabody said. “It will go a long way to helping balance the annual budget.”

The estimated increase in the 2011-12 property tax revenue is $366,346 over budget. That increase in revenue puts the deficit spending at about $2.5 million this year and brings the reserve back to the same level it was two years ago.

Related posts:

  1. Del Mar school district facing possible budget cuts
  2. Del Mar school district faces possible deficit spending
  3. Task force: School district budget has silver lining
  4. High school district grapples with budget gap
  5. Solana Beach water district board approves Fiscal Year 2013 budget

Short URL: http://www.delmartimes.net/?p=37223

Posted by Staff on Jul 3, 2012. Filed under Carmel Valley, Del Mar, News, Schools, carmel valley. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RSS LA JOLLA NEWS

  • FRONTLINE CANCER: Exercise, exercise, exercise!
    Regular exercise improves health in ways most of us already know. It helps control weight, maintain strong bones, muscles and joints, reduce the risk of heart disease, diabetes and premature death. Exercise quite literally makes us feel better, physically and mentally. […]
  • Hunger Games in the Real World
    At age 6, Nya, a girl living in San Diego, was suffering from malnourishment because her father, a single parent was struggling to raise (and feed) his children on an $11-an-hour job. For long periods of time their cupboards were bare, and Nya, who is now 18, subsisted on a diet of ramen noodles and free lunches provided by her charter school. She was in cri […]
  • Fall brings the call to learn something new
    Local gems like UCSD Extension, Osher Lifelong Learning, La Jolla Community Center and La Jolla Library all offer a variety of opportunities for personal growth — and all welcome newcomers. […]

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS