2018-19 Budget Recommendation
Deborah A. Coder, Assistant Superintendent for Finance and Management Services
April 11, 2018
2018-2019 Proposed Budget Summary
- Proposed Expenditure Budget $99,284,670
- Projected Revenue Budget $60,867,398
- 2018-2019 Tax Levy Requested $38,417,272
- 2017-2018 Current Tax Levy $37,658,476
- Tax Levy Increase (2.015%) $758,796
NYS Budget Passage
- How much additional State Aid in the form of foundation aid did the District actually receive?
- The District received an additional $353,592 or .62% in foundation aid as a result of the NYS budget passage.
District Budget Impact?
- On March 28, 2018 the Board of Education was presented with a proposed expenditure budget that included additional staffing positions totaling $499,207.
- The “hope” was to receive additional foundation aid from NYS to cover this expense.
- The “reality” was the additional increase fell short of the “need” by $146,615.
Solution to the Shortfall:
- The 2018-2019 expenditure budget includes allocations for expenses that were not anticipated. Those unforeseen expenses can include items such as: a mechanical/ building failure, an extremely harsh winter, additional specialized classroom needs for students, additional agency tuitions, specialized transportation, etc.
- This allocation is known as appropriated fund balance and if it is not needed during the current school year it can be returned to the taxpayers in the following budget year as revenue to reduce the tax levy.
- The district could also choose not to fill two or more of the suggested new positions.
Positions to meet the diverse needs of our students, ensure state compliance requirements and enhance security measures include:
- One elementary physical education teacher
- One teacher of English to speakers of other languages (language other than English)
- Two elementary school counselors
- One committee on special education chairperson
- One teaching assistant
- Four teacher aides
- One school secretary
- One part-time nurse
- One part-time security person
- The Board of Education is scheduled to adopt the proposed expenditure budget of $99,284,670 presented on March 28, 2018, with a tax levy increase of no more than $758,796 or 2.015%.
- The Budget to Budget increase will be $2,466,203 or 2.55%.
What Does This Mean For You?
- If we assume City and Town assessments and the equalization rates for the City and Towns remain at their August 2017 levels:
- The true tax rate per $1,000 increase would be 2.01% or $0.478728 cents.
- The additional increase for a home assessed at $75,000 with Basic Star will be $21.54 for the year.