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District finance chief reviews tax-cap calculation, reserves and noninstructional budget lines
Summary
Business official presented the 2024-25 budget recap, explained the tax-cap formula and showed reserves and noninstructional budget changes ahead of the next instructional budget presentation.
At a Board of Education meeting, the district business official reviewed the 2024-25 adopted budget, explained the New York property tax cap calculation and outlined changes to noninstructional budget codes ahead of the next budget presentation.
Karen (district business official) said the district—s voter-approved 2024-25 budget totaled $96.4 million and that roughly 75% of that budget funds salaries and benefits. She explained components of the state—s…
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