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Binghamton school leaders present draft 2025–26 budget; propose up to 3.26% tax‑levy limit increase
Summary
Superintendent and central business staff presented the district’s draft 2025–26 three-part budget, outlining a proposed tax-levy limit increase of about 3.26%, $1.5 million more than prior year, use of reserves and $4.3 million in reductions.
Superintendent Dr. Thompson and central business office staff presented the Binghamton City School District’s draft 2025–26 three‑part budget to the Board of Education on March 18 and asked the board to support moving forward with a levy calculation that could capture the district’s maximum allowable levy.
The presentation, led by district finance staff with Angela Rogers in attendance, showed projected revenue increases in several lines: a projected 3.92% increase in state aid overall (foundation aid cited at a 3.18% budget‑to‑budget increase), a 5.55% increase in other revenues and a proposed tax‑levy limit increase of about $1.5 million, or 3.26% compared with last year’s levy of approximately $46.6 million.
Staff explained components feeding the…
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