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FSSD reviews budget in last work session before approval in July

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FSSD work session

The Franklin Special School District Board of Education met on Monday at a work session to discuss its upcoming 2019-20 fiscal year budget.

The Franklin Special School District Board of Education met on Monday at a work session regarding the proposed $80.6 million budget for fiscal year 2019-20.

A bond of $29.7 million was issued in April to help FSSD with its capital improvement needs across the district. In the upcoming fiscal year, approximately $13.7 million of the bond will be used for capital improvement projects, such as a 430-seat districtwide performing arts center and an HVAC replacement at Liberty Elementary School.

To read more about the district’s upcoming capital improvement projects, check out The Herald’s previous story below.

At Monday’s work session, board members and staff mainly discussed the general purpose budget funds for the upcoming fiscal year totaling $53.4 million, which is a $2.2 million increase over last fiscal year. The district is also projected to receive $14.8 million from the state’s Basic Education Program (BEP), which is a 1.2-percent increase. BEP is the funding formula used to generate and distribute state education dollars to school districts.

A cost of living raise of 2 ½ percent is proposed to all FSSD employees, which will add $1.6 million to the budget.

FSSD Board Chairman Tim Stillings felt confident the proposed staff pay increase will benefit both teachers and students.

“We’re able to squeeze our budget so that we can provide these additional benefits and additional service to our students in our community at no tax increase to our stakeholders,” he said.

Over the past three work sessions, Stillings said the board and staff had worked hard in reviewing all aspects of the proposed budget.

“We looked at a lot of individual line items and found that, through collaboration with the board, where we could save some money and we could find some efficiency,” he said. “This school district has always been very good about squeezing a dime’s worth of value out of a nickel.”

The school board is set to vote on the upcoming fiscal year budget at its July meeting.

(1) comment

Bob Marsh

"430-seat districtwide performing arts center" Ok what's up this this? No wonder they keep raising taxes. The County just raised our taxes 20% a couple of years ago and they want more because they say that starting pay isn't competitive. These clowns never saw a tax increase they didn't like. But hey, we need a performing arts center so just pony up.

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