FY16 Budget and Annual Report Now Available

Hwschoolssuper

Dear Friends,

The HWRSD Fiscal Year 2016 (FY16) Budget and Annual Report is now available on the District Website at http://www.hwschools.net/uploaded/District/Documents_PDF’s/13-14/FY16_Tentative_Budget/SC_Final_FY16_Budget_Book_3.13.15.pdf

The FY16 Budget seeks to increase the operating funding of the HWRSD by $923,000 (3.2%) over the FY15 Budget.  After taking into account expected revenue sources, such as State Aid (Ch. 70), the increase to the Net Assessment for Hamilton and Wenham is $124,000 (0.7%) and $400,000 (5.3%) respectively.

The FY16 Budget Document outlines, in detail, the District’s Financial Plan to use these resources to meet its mission of educating our students to become “young adults who are of good character and demonstrate mastery of the knowledge and skills needed to be successful members of our global economy and engaged citizens of the 21st Century.”  The centerpiece of the FY16 Budget is the provision of the staffing necessary to institute a team-based model at the Miles River Middle School. …

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