Budget 2014-15

2014-2015 Budget Adoption Finalization

At a special meeting of the Board of Education, Mike Barry, Assistant Superintendent for Business Services, discussed plans and next steps to finalize the 2014-15 budget.  You can watch a recording of the meeting here.  Materials presented included:

• Actions to address key budget items
• Multi-year budget considerations

The Board is scheduled to adopt the budget and tax levy at its Oct. 27th meeting at 6 p.m. in the auditorium of the Doyle Building, 545 West Dayton St. Watch it live.

Board adopts 2014-15 preliminary budget

The Madison School Board adopted a preliminary budget for the 2014-15 school year on Monday, June 16th.

Approval of the preliminary budget  includes a 1.99 percent property tax increase — a drop from the district’s initial April proposal of 2.11 percent.

This reduction in the tax levy was due to a $100,000 reduction in money for the first year of the district’s new technology plan and the Board's approval of an amendment that reallocated $200,000 in savings produced when district purchased new devices for teachers came in under budget.

The final budget will be adopted in October after state aids and revenue  limit calculations are finalized in early fall.

April 2014

I’m pleased to present our proposed 2014-15 budget for the Board’s consideration and feedback. We have been incredibly focused this year on bringing the work of our strategic framework to life. Our framework is anchored to a simple but bold vision – that every school will be a thriving school that prepares every student to graduate from high school ready for college, career and community. In drafting the budget we used a zero-based budgeting process – building our budget from the ground up, challenging assumptions and aligning our resources with our strategic framework. 

Our goals for the budget:

1. Ensure alignment with strategic framework
2. Reallocate funding to school
3. Create more flexibility at school level 
4. Distribute funds equitably 
5. Minimize levy increase 

Budget Timeline:

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