2. Online Survey March 1- 15 School Meetings March 1- 15 Town Hall Meetings March 15 Review of Input March 17 Recommendations March 24 What has happened so far?
3. Why are we short $400 million? ($ millions) Revenue Sources $1,810.0 Expenditures - $2,073.7 Contractual Roll-ups - $75.7 Reserve/Designated Fund Balance - $68.0 Total Shortfall - $407.4
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17. What is next? Adoption of Final Budget May 18 – 5:30 pm State Economic Forum Meets May 2 Negotiations with Employee Groups
Notes de l'éditeur
Here is a simple summary of why we are projecting a shortfall for next year (2012) Please note that, even with the $150 million proposed transfer from debt service reserves, we project at $250 - $275 million shortfall…the shortfall would be that much more without those funds. Please note that this assumes that NO new revenue is brought to bear on the problem…examples… Room tax =$35 million NOT sunsetting the temporary increase in LSST ($2.25 to $2.60) = $80 million