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CCSD Board of Education Approves 2016-17 budget

Graph of residential property value and tax history. 

 

The Cherry Creek School District Board of Education unanimously approved a budget worth about $504 million during its regular meeting held June 13 at Trails West Elementary School.

Although the budget for the coming school year reflects increases in base per pupil funding from the state Legislature following the passage of the School Finance Act in May, the district is still dealing with historic shortfalls in funding from the state as spelled out by voter-approved Amendment 23.

 For example, the total amount of school finance funding designated for the Cherry Creek School District from the state for the 2016-17 school year is about $380 million; that's nearly $50 million less than the total designated per Amendment 23. State negative and budget stabilization factors have reduced funding to the Cherry Creek School District by $361.1 million since the 2010-11 school year.

Even with these shortfalls from the state, the district's balanced budget for the coming year keeps the district's priorities and values intact – staffing ratios and class sizes will remain steady, as will full-day kindergarten and targeted staffing resources. All of these resources will help maintain the vision and mission of the Cherry Creek School District, "To inspire every student to think, to learn, to achieve, to care."

The budget includes funding for ACT summative assessments for monitoring student growth in grades 4-11; an expansion of new curriculum associated with middle school math; and Professional Learning Communities, a model designed to support continuous improvement in every classroom. All of these resources support the commitment to excellence in Cherry Creek.

Although the budget for the coming school year reflects increases in base per pupil funding from the state Legislature following the passage of the School Finance Act in May, the district is still dealing with historic shortfalls in funding from the state as spelled out by voter-approved Amendment 23.

The School Finance Bill approved by the Legislature would ramp up base per pupil funding in Cherry Creek to $112 for the coming school year, reflecting a rise in the statewide PPF average from $7,313 in 2015-16 to $7,425 in 2016-17.

The negative factor, a term used to describe reductions in state funding for schools introduced in 2008, will decrease slightly from $50.3 million in 2015-16 to $49.6 million in 2016-17.

These withheld funds were intended to provide school districts with extra support for things like at-risk students, preserve programs, class size and to attract and retain effective professional educators. The restored funds far short of millions of dollars the state has withheld annually from the Cherry Creek School District.

These state funding factors have an effect on the 2016-17 budget, as do the current state of property values and property taxes. The estimated residential taxes on a $350,000 home in the 2016-17 is $1,339, with a mill levy of 48.044 and an assessment ratio of 7.96 %. That's compared to an average residential tax of $1,385 in 2015-16, with a mill levy of 49.703 and an assessment ratio of 7.96%.

For more information on the 2016-17 budget, please visit our financial transparency page at http://www.cherrycreekschools.org/FiscalServices/Financial-Transparency/Pages/default.aspx.

Posted 6/17/2016 2:35 PM
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Cherry Creek School District No. 5 does not discriminate on the basis of race, color, national origin, sex, age or disability in admission to its programs, services or activities, in access to them, in treatment of individuals, or in any aspect of their operations. The lack of English language skills shall not be a barrier to admission or participation in the district’s activities and programs. The Cherry Creek School District No. 5 also does not discriminate in its hiring or employment practices. This notice is provided as required by Title VI of the Civil Rights Act of 1964, Section 504 of the Rehabilitation Act of 1973, Title IX of the Education Amendments of 1972, the Age Discrimination Act of 1975, and the Americans with Disabilities Act of 1990. Questions, complaints, or requests for additional information regarding these laws may be forwarded to the designated compliance officer: District Compliance Officer or directly to the U.S. Department of Education, Office for Civil Rights, Region VIII, Federal Office Building 1244 North Speer Blvd., Suite #310, Denver, CO 80204.

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