Wake Budget REductions 2010-11

Facing a potential funding gap of $20 million for the next fiscal year, WCPSS Superintendent Del Burns called for his senior management team to prepare plans for cutting its Central Services operations. Burns outlined anticipated cost increases and revenue declines for the fiscal year beginning July 1, 2010. The changes the school system must prepare for include:
• $8 million in discretionary cuts in state funding as part of the second year of the biennial budget;
• an anticipated increase of $6 million in employee retirement, hospitalization, dental insurance and local salary supplements;
• a reduction of $3 million available from system reserves to balance the budget; and
• unknown expenses associated with growth and new schools.

Burns directed his leadership team to develop and submit the reduction plans. Burns will then review them, make any revisions and include them in his budget recommendations which are slated to be presented to the Wake County Board of Education in early March. The school board will work through the recommendations and submit their request to the Wake County Board of Commissioners by May 15.