Lincoln Public Schools

Visit LPS online at http://www.lps.org/
This page can be found at http://www.lps.org/about/budget/default.html?
or by using the QR code to the right.

Monday March 22, 2010 · 17° and fair in Lincoln

LPS Budget Information

Key Budget Dates for 2010-11 Budget:

January 8 , 2010 Finance Committee Meeting to Discuss Budget Calendar

February 23 , 2010 Board of Education Meeting - Budget Calendar

March 10, 2010 State Aid Certification

April (Date TBD) Budget Work Session (date and time to be determined)

Approx. April 10, 2010 Gross Assessed Valuations from County Assessor

April 14, 2010 End of Legislative Second Session

April 22 - May 10, 2010 Executive Committee Works with Board Finance Committee

April-May Community/District Constituent Presentations

(Dates TBD)

Presentation and Budget Forum at a School on South Side

Presentation and Budget Forum at a School on North Side

Presentations to Various Community/District Constituent Groups

Superintendent's Board of Advisors

Community Curriculum Council

LIBA (Lincoln Independent Business Association)

LPS Parent Leader Group

Lincoln Area Chamber of Commerce

Lincoln Neighborhood Alliance

May 11, 2010* Budget Work Session/Presentation of Budget for Publication (5:00 p.m.)

May 30, 2010 Publication of Budget Hearings/Forums (LPS and ESU 18)

June 8, 2010 Public Hearing/Budget Forum (6:00-6:45 p.m.) and Budget Approval (First Reading)

June 22, 2010 Budget Approval (Second Reading/Action)

August 20, 2010 Certified Assessed Valuation

September 7, 2010 Publication of Property Tax Request Hearing

September 14, 2010 Property Tax Request Hearing and First Reading

September 28, 2010 Property Tax Request (Second Reading/Hearing)

*NOTE: All dates after May 11 are subject to change based on availability of information.

Budget Public Hearing Presentation 2009-10

The slide show presentation from the budget public hearing on June 9, 2009 can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

June 9 , 2009 Budget Public Hearing Presentation (Download slideshow)

 

Budget Work Session Presentation 2009-10

The slide show presentation from the budget work session on May 12, 2009 can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

May 12, 2009 Budget Work Session Presentation (Download slideshow)

2009-2010 Lincoln Public School's Budget Tool Kit

The slide show is used to present Lincoln Public School budget and financial information in an easy to read format. Click on "download slideshow" to view with the Acrobat reader.

Executive Summary Excerpt:

Teachers and stuents in Lincoln Public Schools will continue to excel in the classroom and school activities during the 2009-2010 school year. In addition to developing a solid academic foundation in mathematics, literacy, and other basic academic skills, students will continue solving physics problems and working with calculus formulas, exploring science and world history, learning about other cultures and the global society, and developing an appreciation for the fine arts. Increased student achievement for all students through excellence in teaching and learning continues to be a clear expectation of the Lincoln community, and is the number one priority for Lincoln Public Schools.

The 2009 legislative session brought more changes to the financing and operating provisions of public school districts in Nebraska. The allowable growth rate in the state aid formula decreased from 2.5% to 1.5% for 2009-10. The decrease in the cost growth factor is expected to decrease the amount of state aid available to Lincoln Public Schools in in 2010-11 and 2011-12. In addition, school districts particpating in the state teacher retirement plan must increase contributions in 2009-10 through 2012-13. With increasing expenditures and an uncertain source of future state funding, Lincoln Pulic Schools Schools must carefully plan for the coming years. There are many questions about the future of financing public education in Nebraska that remain to be answered by the legislature in future years.

Lincoln Public Schools (LPS), therefore, faces both challenges and opportunities in the coming year, and does so with a pledge to continue providing quality education for all of our students. Educators will keep a clear focus on teaching, learning, and student achievement. The Board of Education and administration will conintue to focus on providing a quality education for a growing population of students with increasingly diverse needs. All of this will be done with a focus on making the most efficient and effective use of the resources entrusted to us by our patrons, including the resources provided by a $250 million school bond issue approved by the voters in February, 2006.

Lincoln Public Schools will open Kooser Elementary, Schoo Middle School, a new Arnold Elementary, and new additions at several other schools throughout the district. Continued growth in student population requires the addition of facilities. With these facilities additions comes the costs of ongoing operations.

More students will arrive at LPS in the 2009-2010 school year. Textbooks and school supplies will cost more. The cost of utilities, fuel for buses and other operational costs will coninue to rise. There will be an increase in the number of students who speak languages other than English, who have special needs, and who are living in poverty.

The LPS General Fund expenditure budget of $305,818,930 for the 2009-2010 school year represents a 4.3% increase from the previous year’s budget. This budget allocates 82% to instruction. This is consistent with the school district’s priority emphasis on teaching, learning, and increasing student achievement for all students. The assessed valuation decreased 1.31%. The total 2009-10 LPS property tax levy was reduced by a little more than one cent from the 2008-09 levy.

If you would like to view the entire executive summary including the charts and graphs, click here (View Executive Summary). You can view the proposed budget document by clicking on the link above.

 

 

View the 2009-2010 Annual Budget Information

View the 2008-2009 Annual Budget Information

June 10, 2008 Proposed Budget Public Hearing

View the hearing on the Board of Education page.