Minutes 10/28/1986 - Laserfiche WebLink

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:08 TUESDAY, OCTOBER 28, 1986 revised resolution, as adopted and pending the School Board's adoption thereof, follows: WHEREAS the School Board of the City of Martinsville has had its annual school budget negatively affected through severe reductions in the allocation of state revenues for the 1986-87 school budget year; and WHEREAS the recommendations of the Joint Legislative and Audit Review Commission have influenced these reductions in the allocation of these state revenues; and WHEREAS the State has mandated for the first time a 10% increase in teachers' salaries under threat of loss of a transitional payment contained in the Basic Aid for both years of the current biennium; and WHEREAS the elimination of categorical aid for incentive achievement, for enrollment loss, and the gifted and talented program results in further reduction in state revenues; and WHEREAS additional reductions in reimbursement for vocational education, for special education and fringe benefits costs further exacerbate the problem of providing adequate state reimbursement to the Martinsville City School Division; and WHEREAS there is an anticipated additional loss in Basic Aid due to decreased enrollment; and WHEREAS these unexpected reductions have resulted in the smallest increase in state revenues in the past ten years; and WHEREAS these sizeable reductions have had and will have significant negative impacts on the total Martinsville City Budgets for 1986-87 and 1987-88 and on the quality of education in Martinsville; now, therefore, BE IT RESOLVED by the Martinsville City School Board and by the Council of the City of Martinsville, Virginia, that they do hereby jointly request that the Joint Legislative and Audit Review Commission seek, identify and recommend ways to correct and mitigate the dispro- portionate burden placed on the taxpayers of Martinsville by the changes in allocating state revenues imposed for this biennium. After presenting a report of the City's financial affairs for the quarter ended September 30, 1986, which Council acknowledged, City Manager Brown informed Council that the Virginia Municipal Liability Pool has submitted a new proposal to provide the City with Comprehensive General Liability & Auto Liability insurance coverage; however, in consideration of the year's premium cost (of