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Bay Shore board approves tax anticipation notes, several contracts and routine personnel actions
Summary
The Bay Shore Union Free School District Board of Education authorized up to $40 million in tax anticipation notes, extended the refuse removal contract with MAGIO Environmental Services and approved a range of personnel and administrative motions in public session.
The Bay Shore Union Free School District Board of Education approved a set of routine fiscal and personnel actions in public session, including authorization for short-term borrowing to manage cashflow, contract renewals and a slate of resignations, appointments and tenure recommendations.
On the district’s cash-management plan, the board authorized the issuance of tax anticipation notes not to exceed $40,000,000 “in anticipation of the receipt of taxes” for the fiscal year beginning July 1, 2025. District officials explained the notes fund operations from July through December because the district’s primary operating revenue—property taxes—arrives in January and June and some state aid timing delays require borrowing to…
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