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Locust Valley board adopts $98.29 million 2025–26 budget, advances capital projects from reserves
Summary
The Locust Valley Central School District board voted unanimously to adopt a $98,289,148 2025–26 budget with a 2.36% tax levy increase and approved a $2.5 million transfer to capital; the district also proposed a $7.3 million withdrawal from its capital reserve to renovate the high-school cafeteria and library (voter approval required).
The Locust Valley Central School District Board of Education voted unanimously to adopt the district’s proposed 2025–26 budget of $98,289,148, a 1.95% increase over the prior year, and set a proposed tax levy increase of 2.36%.
Board presenters told the meeting the budget keeps salaries and benefits as the largest cost drivers (salaries about 49% of the budget; benefits about 23.7%) and reflects reductions in some state aid lines. District staff said two revenue items were forecast to decline under the not-yet-final New York State budget: the transportation-aid ratio (from about 10.2% to 6.5%) and an unspecified expense-based aid, together reducing annual aid by “a little over $200,000,” according to the presenters.
Why it matters: the board said the levy increase was kept small relative to neighboring districts. The adopted budget includes a $2.5 million…
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