Tuesday, January 05, 2010

The annual BOE budget moves - 2002 / 2003

Here's the third installment of the annual June 30 BOE budget transfers:You can see that the schools were under budget this year. That was a direct result of the 2002 post-election announcement by Hartford of the mid-year budget cuts to municipal aid.

I was not on the Council at the time, but understand that additional school-related budget cuts were made to the capital non-recurring (CNR) account that had been dedicated to the schools. The CNR account is a line item in the Town's annual operating budget. In my six years, it's ranged from about $800,000 to $1,300,000. The schools get about half of the money for various capital projects, such as new bleachers or lockers.

Tim White

1 comment:

Breachway said...

This is good stuff Tim....I don't think I have ever seen a budget that was so right on target year in and year out...the BOE must have some really bright finance people to get the forecasting right on the dot each year. No doubt the spend it or lose it philosophy is at play here.