FY23 Budget Information

FY23 Budget Book

Your guide to the Milton Town School District Budget. Every year the district receives key information from the state that arrives on specific dates, as that information becomes available we add it to our budget book. The following budget book will be populated with links shortly.

Budget
Revenue
1. General Fund Revenues & Revenue Details (Summary)
2. Graph of Revenue Sources (Graph)
General Information
Act 68 and Tax Rate
Budget Presentations
1. MTSD FY23 Budget Presentation - Impact of COVID-19
2. MTSD FY23 Budget Video
Budget Vote Information

Question of the Week

How do I vote?

There are a few ways to get your ballot and vote ahead of the town meeting day.

Register Online at My Voter Page: mvp.vermont.gov.
Call the Milton Clerk’s Office: 802-893-4111
Email to Clerk’s Office: [email protected]
Print the request form off Milton website www.miltonvt.gov and return it to the Clerk’s office (by mail or dropbox)
In-person at the Clerk’s Office

How does School Healthcare work?

Act 11 - Health Care Coverage
Passed in 2018, Act 11 created the Commission on Public School Employee Health Benefits.

In the past, school districts negotiated health care cost-sharing and criteria through local collective bargaining.

The commission determines the cost of health care premiums, out-of-pocket expenses, eligibility criteria, full-time employment status, and Tiers of Coverage.

In the FY23 budget, healthcare increased by $512,000.

Impact of Elementary and Secondary School Emergency Relief on the FY23 Budget

Impact of Elementary and Secondary School Emergency Relief (ESSER) funds on MTSD FY23 Budget. Currently, seven positions are being paid for by ESSER. This has no impact on the FY23 MTSD expenditure budget.

Through the ESSER indirect cost rates, it is estimated that in FY23, MTSD will receive $165,000 in Revenue.

This has helped us to lower our Education Spending
This has helped us to get to an estimated ZERO cost tax increase

The relationship between grant positions and the General Fund:

When a grant is either depleted or less than anticipated, the district does not automatically add any grant-funded positions to the GF.

Every fall, MTSD Leadership assesses staffing in accordance with the needs of students, the schools, and the district overall. The MTSD Board of Trustees then evaluates any proposed staffing changes in accordance with MTSD vision of learning while holding itself accountable through strong performance and sound fiscal management

How does the change in Special Education Funding impact the MTSD Budget?

A component of ACT 173 passed in 2018 (and then delayed due to Covid 19) is a change in the special education funding.

Previously, districts were reimbursed for the costs of services for each students' Individualized Education Plan (IEP). The reimbursement came in the form of revenue.

The new census block grant model means that each district receives a specified dollar amount for each student in the district with an IEP. This dollar amount is the same for every student regardless of the cost of the services required.

This new model is being implemented in FY23. As a result of the change, the MTSD will receive less revenue and this has increased our education spending.