Simard said the district will see a savings of $495,000 as the West Running Brook Middle School bond will be paid off going into next year.
Two remaining bonds, a combination Derry Village School/South Range Elementary bond and a Barka Elementary/Gilbert H. Hood Middle School bond, won’t be paid off until 2020 and 2034, respectively.
The district still owes $16 million on those bonds, Simard said.
All budget items requested for next year support the School Board’s adopted Strategic Plan and goals including providing a safe environment for learning, to increase community involvement, to boost technology and to have all students learning at the best level possible.
“We look to the School Board to (give guidelines) where they want the budget to go,” Simard said. “That drives what the decisions are.”
Budget committee meetings will continue on Nov. 13, Nov. 18, Dec. 4, Dec. 11 and Dec. 18, all beginning at 6:30 p.m. in the Hood library. The public is welcome to attend.
Simard said it’s a long process, but always informative.
“Our mission is always to be fiscally sound and responsible, putting forth a budget that will suit the needs of students and staff,” she said, “and always being mindful of taxpayers and what the overall budget looks like.”
A public hearing on next year’s budget is scheduled for Jan. 21, leading up to the annual school deliberative session on Feb. 8, when voters can hear more details prior to voting in March at the polls.