Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District staff outline preliminary FY2025–26 revenue assumptions, flag building-aid and pilot uncertainties
Summary
The district presented early revenue estimates for FY2025–26, noting state aid comprises about 25% of revenue, miscellaneous revenue about 4–5%, and local tax levies the largest share; staff flagged uncertainty in building aid and pilot-related receipts and estimated a 3.76% tax-cap calculation for 2025–26.
Ithaca City School District finance staff presented a preliminary revenue outlook for the 2025–26 budget at the Feb. 25 board meeting, describing state aid, miscellaneous revenue and local tax-levy assumptions and identifying several moving parts that could affect the budget.
Assistant Superintendent/finance presenter Dom Lisi summarized the district’s revenue composition: state aid accounts for roughly 25 percent of district revenue, miscellaneous income (about 4–5 percent) includes fees and other receipts, and local tax levies fund the largest share. Lisi said some parts of state aid — notably foundation aid and building-related (expense-based) aid — remain estimates and could…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
