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Amherst Central proposes balanced $81.6M budget with 2.33% tax cap levy
Summary
District business officials presented a proposed balanced budget for next school year with a 2.33% tax levy cap submission, a projected revenue increase of 3.66% and a planned appropriation of $1 million in fund balance and $80,000 from reserves.
District business officials presented a balanced budget proposal to the Amherst Central School District Board that projects roughly $81.6 million in revenue and an overall 3.66% increase in spending for the coming school year.
Nut graf: The administration said it submitted a tax levy within the state levy cap (2.33%) and is recommending a balanced budget while continuing to monitor pending state legislative budget actions that could affect aid and revenues.
Budget highlights presented to the board included a 2.33% property tax levy submission (about $939,000 increase), a projected total revenue budget of approximately $81,600,000, and planned appropriations that include $1,000,000 from fund balance and $80,000 from reserves to offset…
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