November 22, 2014

Proposed $18.77 Million Region 4 Education Budget for 2014-2015 Goes to Public Hearing Monday

REGION 4— A proposed $18,377,431 district education budget for 2014-2015 will be presented at a public hearing Monday at 7 p.m. at John Winthrop Middle School in Deep River. The spending plan for the operation of the middle school and Valley Regional High School was approved by the Region 4 Board of Education last month.

The gross budget, which represents a $601,310, or a 3.38 percent, increase over current spending is reduced by $297,447 in anticipated revenues to a net education budget of $18,079,984 that is assessed the taxpayers of Chester Deep River, and Essex based on the number of students from each town attending the two secondary schools. The net budget represents a $579,396, or a 3.31 percent, increase over the current net assessment for the three towns.

The Chester share of the net budget is $4,364,508 based on 240 students, an increase of $106,615 from the current Chester assessment. The Deep River share is up substantially this year, with a budget share of $5,602,987 based on 308 students that is up by $442,063 from the current amount. The Essex share of $8,112,489 based on 446 students, an increase of $30,717 from the current amount.

The Region 4 board will hold a special meeting after the hearing Monday to consider any possible adjustments to the budget plan based on public input received at the hearing. The Region 4 education budget goes to an eight-hour, 12 noon to 8 p.m. referendum inn the three towns on Tuesday May 6.