Fiscal Year 2025
As we enter the FY 2025 budget season, we would like to share an overview of the projected budget for FY 2025.
FY25 Budget Overview
Prior to the spring town meeting and in conjunction with planning for the operational override last year, the School Committee, Advisory Committee, and Select Board agreed on a Memorandum of Understanding to maintain cost increases at a specific rate.
- The total school budget for FY24 is $65.7 million.
- A Memorandum of Understanding (MOU) with the Town of Hingham provides a possible 3.5% increase in funding for the school district each year for the next four years. In addition, the MOU provides for an opportunity to request additional funding for special education costs.
- Based on that increase and anticipated state funding, we estimate $68 million from the Town will be allocated to the schools for the FY25 budget.
There are additional drivers that impact the FY25 budget development, including the following:
- The School Committee is negotiating three contracts currently. The current proposed FY25 budget includes funding based upon the last proposals made to these units. Further increases to the proposals to bargaining units will require either reductions or identification of other sources of funding.
- Our fuel and utilities costs have increased. Natural gas has doubled. HMLP increased rates 6% in June 2024.
- The district has experienced increased needs among our students post-pandemic. These needs have resulted in increased need for speech and language related service providers and behavioral health supports.
- The district continues to see that out-of-district tuition costs are also rising. Operational Service Division provides every year an estimated rate of inflation for planning Approved Private Special Education program. The increase for FY25 was set at 4.69% and some schools predict even higher tuitions for next year.
Budget Proposal for FY25
- Per the MOU, the district has proposed that the School Committee request 1.4 million in addition to cover increased special education costs.
- After applying grants and revolving funds, the remaining deficit currently is $560,000. The district has proposed to the School Committee to eliminate a total of 8 positions. These positions include a math, ELA, World Language, and .6 of a music teacher at the high school. At the middle school, these positions include a library paraprofessional, World Language Teacher, and two Math Tutors. Decreased enrollment at the middle and high school will limit the impact on students of these reductions.
As always, we welcome community input on this important process and invite you to share your perspectives on how best to allocate the available resources. Please visit the School Committee meetings page on our website for more information: hinghamschools.org/school-committee.