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Kingston school officials present early 2025–26 budget snapshot showing $17.2M preliminary shortfall
Summary
Assistant superintendent presented a preliminary 2025–26 budget, including a governor's executive aid estimate and a tax-cap calculation that show an early $17.2 million gap; board members pressed for later updates and clarified tax-cap and pilot revenue impacts.
Assistant superintendent Carmen (staff member) told the Kingston City School District Board of Education on Feb. 5 that the district's earliest, preliminary projection for the 2025'26 budget shows a $17.2 million shortfall based on current revenue estimates and an estimated allowable tax levy.
The presentation outlined revenue drivers, expense pressures and the influence of Governor Kathy Hochul's executive budget proposal. "This is a snapshot," Carmen said, adding the executive budget had been released about a week earlier and that many numbers remain subject to change. She said the district's primary revenue sources are state and federal aid, interest income, PILOT receipts (payments in lieu of taxes), tuition and the property tax levy.
The board heard that state aid in the executive budget would increase under the governor's proposal but that changes to the foundation-aid…
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