BELMONT – The head of the Shaker Regional School Board said yesterday that $506,747 of surplus from school year 2014-2015 will be applied to the 2015-2016 school budget.
Chair Sean Embree said the money comes from a $169,372 savings in special education, $148,388 savings in salary and benefits, $97,089 savings in purchased services and $91,897 in excess revenues.
Of the $21 million annual budget, approximately $11 million is raised through local taxes. Belmont raises about 75 percent while the balance of 25 percent is raised in Canterbury.
Business Administrator Debbie Thompson said yesterday that 2 ½ percent of the total surplus or $65,000 was added to the retained surplus fund. She said it now totals $353,028.
Thompson said the $506,000 will be reflected in the December tax bill which comes after the N.H. Department of Revenue sets the tax rates in October or November. She estimates that for each $100,000 of evaluation a Belmont taxpayer will realize $31. For each $100,000 in evaluation in Canterbury, each taxpayer will realize about $27.
In other Shaker Regional School news, Thompson said full-day kindergarten is ready to go for this morning's first day of school. She said that as of last Wednesday 95 students were registered for five classes in Belmont and 15 students were registered for one class in Canterbury.
Over the summer, said Thompson, the district rearranged the Title 1 section and computer lab sections of Belmont Elementary School and hired two teachers for the five classes.
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