, Derry, New Hampshire


December 12, 2013

Pinkerton Academy announces budget

Tuition rates also on the rise

DERRY — Pinkerton Academy has announced its budget and tuition costs for next year.

The Derry high school’s regular education budget for the 2014-2015 school year will be $32.7 million, up 3.5 percent from the current year. Tuition is set at $10,796 or 4.9 percent more than the present figure.

Budgeted salaries will increase by 2 percent.

Little is budgeted for capital repairs or improvements, with less than 1 percent proposed.

Administrators said factors driving next year’s budget include a projected decrease in enrollment, increases in benefit costs for staff and other unknowns about what health care costs will be under the Affordable Care Act.

Even though regular tuition is on the rise, Pinkerton remains among the lowest in the state for high school education costs.

Pinkerton enrollment is expected to decrease by 40 students next year, putting the projected number at 3,030 students.

That could cost the school about $400,000.

Pinkerton’s four contracted towns are Derry, Hampstead, Chester and Auburn.

Derry is expected to send 89 fewer students; Hampstead will decrease its enrollment by 36; Chester’s high school enrollment may increase by three students; and Auburn could send 52 more students.

The balance of enrollment will be made up of students from towns outside the sending districts.

Eventually, Pinkerton many accept hundreds of students from the Hooksett district; negotiations are still underway.

“Enrollment is challenging to predict for 2014-2015,” said James Mulrennen, Pinkerton treasurer. “We are being conservative with this budget since charter schools in the area could also add to the decrease in enrollment.”

Mulrennen said Pinkerton is always looking for ways to save money while maintaining quality education.

“Our hope is to again return a surplus to sending districts,” he said.

Pinkerton has returned any budget surplus to its sending districts in 12 of the past 13 years, including the last 11 years in a row.

Text Only | Photo Reprints

Latest News