Education for the 21st Century Committee
Financial Objectives and Impacts
Financial Scenario 2
Objective Four-Year Targeted Amount (Starting 2002-2003) Estimated Annual Tax Rate Required Scenario Amount
1) Balance Annual Ed. Fund Budget (Assumes Salary and ######## $0.40 $0.40
 Expenses Increase by CPI, Insurance by Recent Experience (8%))
2) Eliminate Accum. Ed. Fund Deficit by 2005-2006 ######## $0.13
(NOT required after 2005-2006)
3) Provide Salary Increases to Meet Market
Salary Increase = CPI +1% ######## $0.08 $0.08
Salary Increase = CPI +2% ######## $0.16
Salary Increase = CPI +3% ######## $0.25
4) Adjust Curricular and/or Activity Fees
Every Increase of $1 Million annually ######## ($0.05)
Every Decrease of $1 Million annually ######## $0.05
5) Implement Expenditure Reductions
Category One   ($2,300,000 annual expense) ######## IMPLEMENTED
Category Two   ($1,926,652 annual expense) ######## ($0.06)
Category Three   ($3,262,784 annual expense) ######## ($0.11)
Each Additional $1 Million Annual Reduction ######## ($0.04)
6) Invest in New/Improved Programs
$1 Million Annual Increase ######## $0.04
$2 Million Annual Increase ######## $0.07
Fully Fund 5-Year Business Plan ######## $0.16
Scenario Total $0.48