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Greece Central reviews tax‑cap calculation and approves expanded bus replacement plan with no immediate levy increase
Summary
District finance staff presented the annual tax‑cap calculation and a proposal to purchase 35 buses in 2025–26 (cost ~$5.6 million) funded largely from the bus reserve; staff said the purchase will not increase the local tax levy and discussed uncertainties about the state electric‑bus mandate and infrastructure costs.
District finance staff presented the Greece Central School District’s annual tax‑cap calculation and a bus‑replacement plan, explaining how levy limits are computed and how the proposed vehicle purchases would be financed without raising the local tax levy.
Romeo (district finance/operations presenter) and Megan Bradshaw walked the board through the tax‑cap factors used in the levy calculation: the tax base growth factor (reported at 1.0021 for this year), allowable growth (the lower of 2% or CPI; district will use 2% for 2025–26), prior‑year pilots and current pilots, and capital‑cost exclusions (debt service less state aid and BOCES capital). Bradshaw presented the consolidated result: a calculated maximum allowable tax levy of roughly $128,000,000 for 2025–26 (an increase of about 2.07% in levy terms under the district’s calculation).…
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