RSU 3 to receive slightly more state subsidy due to calculation error
Due to a miscalculation by the Department of Education in the essential programs and services funding formula, Regional School Unit 3 will receive slightly more state subsidy than anticipated.
Board members approved a $19,417,500 2014-2015 budget earlier in April, which represented a 1.03 percent increase over the 2013-2014 budget. Town assessments were expected to increase by $135,000, or 1.95 percent, as a result of the proposed budget.
However, Superintendent Heather Perry said in a news release the state notified RSU 3 on Wednesday, April 23, there was a miscalculation in the EPS funding formula and as a result, the district would receive more state subsidy than officials expected. Specifically, Perry said the the Department of Education made an error when calculating for the district's school administration staff. Instead of adjusting the allocation in the fiscal year 2015 budget, Perry said the DOE decided it will make the adjustment in the fiscal year 2016 budget.
Perry said local assessments will now increase by about $61,362 — 0.89 percent. In addition, Perry said the district will receive a total of $11,288,698.40, which represents a decrease in subsidy from last year of $59,286.
Perry also pointed out that the minimum mil expectation still increased from 7.69 mills in the fiscal year 2014 to 8.10 mills for fiscal year 2015.
Residents in RSU 3 will have the opportunity to weigh in on the proposed $19.4 million budget during a district wide meeting Wednesday, May 21, at the Mount View Complex. The meeting is scheduled to begin at 7 p.m.
Ben Holbrook is a reporter for The Republican Journal covering general news.
Recent Stories by Ben Holbrook
Sep 24, 2014
Tip leads to possible identification of man who allegedly lured child away from Belfast City Park poolAug 20, 2014
Jul 21, 2014
Jun 17, 2014
Jun 16, 2014