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2020-2021 Budget Approved without a Tax Increase

District Business Manager Brian Loftus reviewed the general fund budget for 2020-21 to the board, prior to submitting the budget to the board for their approval. The final budget was approved with no increase in taxes.

Mr. Loftus explained that a major factor in the district's ability to keep millage flat from 2019-20 levels comes as a result of federal funding received through the Cares Act. This funding was provided to the district in the form of two grants, the Elementary and Secondary School Emergency Relief grant, which provided CBSD with funding in the amount of $926,077; and the COVID-19 Disaster Emergency School Health and Safety grant, which provided $1,344,715. It's notable that these are expected to be one-time funds.

The final budget was balanced at $336,668,586. This represents a 1.6% decrease from last year's expenditure levels. Mr. Loftus explained that overall, this budget will allow the district to meet its educational goals, including the delivery of instruction in a safe manner, expanding the 1:1 instructional technology initiative to place a device in each student's hands, and implementing a social and emotional wellness curriculum. The district is also committed to financial goals aimed at executing initiatives to offset the pressures brought about by the economic recession, the necessity to fund capital projects, avoiding borrowing in the future, and controlling healthcare costs as much as possible.

Review additional presentations and detailed budget documents here.