REVENUES
Where money comes from to pay for Hudson City Schools
| Revenue Source | 2019-20 | 2020-21 Proposed | Change ($) | Change (%) |
|---|---|---|---|---|
| Tax Levy | $23,672,443 | $24,143,525 | $471,082 | 1.99% |
| Projected State Aid | 23,975,020 | 24,052,213 | 77,193 | 0.32% |
| Utility Tax | 600,000 | 600,000 | 0 | 0% |
| Remimbursements & Misc. | 1,240,000 | 1,109,000 | -131,000 | -10.56% |
| Rents, Tuition, PILOTS** | 305,000 | 280,000 | -25,000 | -8.2% |
| Grand Totals | $49,792,463 | $50,184,738* | $392,275 |
*Excluding $500,000 Assigned Fund balance
**Payments in lieu of taxes
EXPENSES
How money is spent at Hudson City Schools
| Expense Category | 2019-20 | 2020-21 Proposed | Change ($) | Change (%) |
|---|---|---|---|---|
| General Support | $4,828081 | $4,560722 | -$267,359 | -5.54% |
| Instruction | 24,968,349 | 26,107,440 | 1,139,091 | 4.56% |
| Transportation | 2,596,421 | 3,059,100 | 462,679 | 17.82% * |
| Employee Benefits | 12,049,612 | 11,767,316 | -282,296 | -2.34% |
| Debt Service | 5,350,000 | 5,190,160 | -159,840 | -2.99% |
| Grand Totals | $49,792,463 | $50,684,738 | $892,275 |
*This is due to increased transportation needs for students placed out-of-district
Three-Part Budget
By law, school districts must divide their budget into three components—program, administrative and capital—and compare them to amounts from the previous year. Hudson City School District’s three-part budget breaks down as follows:
| Program | 2019-20 | 2020-21 |
| Amount | $35,951,687 | $37,531,602 |
| % of total | 72.20% | 74.05% |
Program costs include the salaries and benefits of all teachers and staff delivering pupil services (including library, guidance, health, social work, speech therapy and athletics); also textbooks, instructional materials, equipment, extracurricular student activities, BOCES program costs, and transportation costs.
| Administrative | 2019-20 | 2020-21 |
| Amount | $4,349,890 | $4,391,973 |
| % of total | 8.74% | 8.66% |
Administrative costs include the salaries and benefits of administrators, supervisors and administrative clerical staff; public information and printing; insurance costs; legal and auditing expenses; and Board of Education expenses.
| Capital | 2019-20 | 2020-21 |
| Amount | $9,490,886 | $8,761,163 |
| % of total | 19.06% | 17.29% |
Capital costs include the salaries and benefits of maintenance and custodial staff; plus debt service, tax certiorari and court-ordered costs, operation and maintenance costs, and utilities.
- Classroom Instruction & Support Services = 71 cents
- School & Central Administration = 10 cents
- Buildings & Grounds = 9 cents
- Transportation = 7 cents
- Debt Service = 2 cents
- Extracurricular & Interscholastic Athletics = 1 cent