Education for the 21st Century Committee
Financial Objectives and Impacts
Financial Scenario 4
	Objective	Four-Year Targeted Amount (Starting 2002-2003)		Estimated Annual Tax Rate Required		Scenario Amount
1)	Balance Annual Ed. Fund Budget (Assumes Salary and	$47,850,393		$0.40		$0.40
	Expenses Increase by CPI, Insurance by Recent Experience (8%))
2)	Eliminate Accum. Ed. Fund Deficit by 2005-2006	$15,159,868		$0.13		$0.13
	(NOT required after 2005-2006)
3)	Provide Salary Increases to Meet Market
	Salary Increase = CPI +1%	$9,992,296		$0.08
	Salary Increase = CPI +2%	$20,177,261		$0.16
	Salary Increase = CPI +3%	$30,557,643		$0.25		$0.25
4)	Adjust Curricular and/or Activity Fees
	Every Increase of $1 Million annually	($4,000,000)		($0.05)
	Every Decrease of $1 Million annually	$4,000,000		$0.05
5)	Implement Expenditure Reductions
	Category One   ($2,300,000 annual expense)	($9,200,000)		IMPLEMENTED
	Category Two   ($1,926,652 annual expense)	($7,706,608)		($0.06)
	Category Three   ($3,262,784 annual expense)	($13,051,136)		($0.11)
	Each Additional $1 Million Annual Reduction	($4,000,000)		($0.04)
6)	Invest in New/Improved Programs
	$1 Million Annual Increase	$4,000,000		$0.04
	$2 Million Annual Increase	$8,000,000		$0.07
	Fully Fund 5-Year Business Plan	$18,688,225		$0.16		$0.16
	Scenario Total					$0.94