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Preliminary 2025–26 tax‑levy limit presented: district estimates 3.11% cap and thin fund balance
Summary
Assistant Superintendent for Business Sam Gervis outlined the tax‑levy calculation and a preliminary fund‑balance projection that would leave the district below typical reserve recommendations if figures hold.
The Manhasset Union Free School District’s business office on Feb. 13 presented an early look at the 2025–26 tax‑levy limit and projected fund balance, saying the district’s maximum allowable levy would be $102,853,135 — a 3.11 percent increase over the 2024 levy — under New York State’s tax‑cap formula.
Assistant Superintendent for Business Sam Gervis walked the board through the multi-step calculation required by state law. He said the district’s starting levy was $99,748,822, then added tax base growth and pilots, and deducted exclusions such as debt service, building aid and the district’s share…
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