Suggested items for discussion in respect to the budgeting item on the agenda for the next meeting: 1. The idea of developing a functional budget to augment the traditional line-item budget by developing a coherent group of functional categories; e.g. regular education, special education, remedial education, bulding overhead, administrative overhead, etc. 2. The idea of budgeting to a constant tax rate and creating a contingency fund for end of year unexpended funds (rather than returning the excess as a tax reduction). In this way a disciplined approach could maintain an agreed tax rate with slow increase or decrease over time, depending upon the average movement of the revenue base compared to the expenditure base. ..... Wavell