Town Meeting Prep #3: Budget Surplus

Due to increased tuition students last year, Danville ended FY17 with a surplus of $88,620, which is being used to keep taxes level in this budget.

Danville projects a remaining surplus of over $200,000 this year from additional tuition students, new health insurance plans, and new hire savings.

Some surplus funds were already spent on additional special ed staffing, new curriculum materials K-12 and updated furniture and technology school wide.

We propose to establish three funds to reserve the remaining surplus for future use:

  • $150,000 for Capital Projects
  • $50,000 for a “Mission and Vision” fund, where teachers can apply for project funding that directly relates to our Action Plan
  • Remainder to a Special Education fund, to cover unanticipated costs

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