FY25 Budget
Taunton Public School's Preliminary Fiscal Year 25 Budget represents a level-service budget, meaning there are no cuts to positions, services, or programs.
The operational budget/appropriation request for FY25 is $120,589,479.
Budget at a Glance
Budget Cost Breakdown
| Category | FY24 Final Budget | Governor's FY25 Budget Jan | House FY25 Budget April | Senate FY25 Budget May |
Difference
($/%)
|
| (A) Chapter 70 State Aid | $88,928,648 | $94,895,152 | $94,965,614 | TBD | $5,966,504 / 6.71% |
| (B) City Contribution | $42,467,828 | $45,057,486 | TBD | TBD | $2,589,658 / 6.10% |
| Subtotal (A+B) | $131,396,476 | $139,952,638 | TBD | TBD | $8,556,162 / 6.51% |
Costs at a Glance
| Category | FY24 | FY25 | Difference | % Difference |
| Salary | $85,575,525 | $96,201,840 | $8,726,517 | 9.07% |
| Special Ed Tuition | $7,090,036 | $2,662,502 | ($4,427,533) | -166.29% |
| Transportation | $9,750,625 | $10,967,982 | $1,217,357 | 11.10% |
| Utilities | $3,774,488 | $3,925,468 | $150,980 | 3.85% |
| Contracted Services | $2,926,032 | $3,176,379 | $250,347 | 7.88% |
| Supplies | $3,121,074 | $3,065,669 | ($55,405) | -1.81% |
| Maintenance | $581,425 | $589,639 | $8,214 | 1.39% |
| Category Totals | $114,719,002 | $120,589,479 | $5,870,477 | 5.12% |
Chapter 70 Summary
| FY24 | FY25 | Change | Percentage Change | |
| Enrollment | 8,075 | 8,235 | 160 | 1.98% |
| Foundational Budget | $131,396,476 | $139,952,638 | $8,556,162 | 6.51% |
| Required District Contribution | $42,467,828 | $45,057,486 | $2,589,658 | 6.10% |
| Chapter 70 Aid | $88,928,648 | $94,895,152 | $5,966,504 | 6.71% |
| Required Net School Spending (NSS) | $131,396,476 | $131,952,638 | $8,556,162 | 6.51% |
| Target Aid Share | 63.07% | 63.79% | ||
| C70 % of Foundation | 67.68& | 67.81% | ||
| Required NS % of Foundation | 100% | 100% |
FY25 Preliminary Budget Presentation: April 3, 2024
What is Chapter 70 Funding?
The Chapter 70 program is the major program of state aid to public elementary and secondary schools. In addition to providing state aid to support school operations, it also establishes minimum spending requirements for each school district and minimum requirements for each municipality's share of school costs.
Based on the Governor's budget proposal, the state is paying 68% of Taunton Public School's foundational budget and 78% of the operational budget/appropriation.
What is the Foundational Budget and How is it Different from the Operational/Appropriation?
The Foundational Budget is calculated by the Department of Elementary and Secondary Education (DESE) based on several factors including enrollment, vocational programs, and the community's socioeconomic profile.
The Operating Budget/Appropriation is the Foundational Budget minus the district's indirect costs, transportation costs and crossing guard costs. For FY25 the Foundational Budget is $139,952,638. The District's indirect costs are $19,363,159
What is Net School Spending?
Net School Spending (NSS) is a legal funding obligation for each public school district in Massachusetts.
The NSS amount is calculated by subtracting the district's indirect costs, transportation costs, and crossing guard costs from the state-calculated foundational budget for each district.
Districts not meeting 100% NSS are penalized in the following fiscal year. The average NSS for urban districts in FY23 (the latest available year for complete reporting data) was 113%.