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Board hears budget outlook as benefits, health costs push proposed tax levy higher; board trims capital line
Summary
District business official presented tax-cap calculations showing a 3.64% maximum allowable tax levy and an estimated $6 million increase in employee benefits next year. After discussion the board voted to reduce the preliminary capital projects line from $3.0 million to $1.5 million for planning purposes (vote 4–1).
The Three Village Central School District on Feb. 12 received a detailed budget briefing from the district—business official laying out the tax-cap calculation, projected state aid changes and major cost pressures for the coming fiscal year, and the board voted to reduce the district—proposal for the annual capital projects line from $3,000,000 to $1,500,000 for budget planning.
District business staff told the board the state—calculation of the maximum allowable tax levy for 2025-26 is $180,473,730, a 3.64% increase over the current year—levy if capital project assumptions are left unchanged. The presenter said the calculation reflects a 2% levy growth factor, a small tax-base growth factor (0.13%), and an estimated change in prior-year building-aid timing that…
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