The Somers Board of Education approved a revised budget in the amount of $22,822,511 for the 2018-19 school year. This budget represents an increase of 1.17% to the 2017- 2018 budget. The increase is mainly due to contractual salary and transportation obligations. The Board of Education is committed to providing the students of Somers with the best educational experience possible. This budget reflects our commitment to educational excellence while considering the current financial environment and its impact on the taxpayers of Somers.
| 2017-18 Budget |
$22,558,627 |
| 2018-19 Budget |
$22,822,511 |
| Amount of Increase |
$263,884 |
| Percentage of Increase |
1.17% |
| Category |
Budget |
| Salaries |
$14,866,529 |
| Insurance & Benefits |
$3,690,325 |
| Transportation |
$1,056,480 |
| Tuition |
$1,037,800 |
| Utilities |
$621,600 |
| Maintenance |
$505,400 |
| Equipment |
$299,510 |
| Instructional Resources |
$265,960 |
| Extracurricular |
$296,887 |
| Administrative Overhead |
$182,020 |
| Total |
$22,822,511 |
BUDGET TIMELINE
January 8, 2018
The Superintendent submitted a proposed budget to the Board of Education. Increases in budget were driven mostly by contractual obligations in salaries, health insurance premiums, and transportation.
Proposed Budget: $23,224,011 - Increase: 2.95%
March 12, 2018
The Board of Education approved a modified Superintendent's Proposed Budget. This budget was reduced by $220,000 due to favorable responses to a competitive bid proposal for health insurance.
Approved Budget: $23,004,011 - Increase: 1.97%
March 28, 2018
The Board of Finance reduced the Board of Education Budget by $181,500. The revised budget was approved by Board of Education on April 2, 2018.
Approved Budget: $22,822,511 - Increase: 1.17%