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Finance committee reviews accounts, cites tentative 15.129299 tax rate and IPEI grants
Summary
The Facilities & Finance Committee reviewed the treasurer's report, noted the auditing timeline, described a tentative county-based tax rate of 15.129299 per $1,000 of assessed value, and reported IPEI grants of $4,401.64 plus an $840 donation for a high-school community closet.
The Ithaca City School District Facilities & Finance Committee reviewed routine accounts at its September 2025 meeting, approved the minutes, and received staff reports on the treasurer's report, audit status, surplus property and incoming restricted funds.
Emily Scheip, assistant business executive, said the committee would approve the tax warrant for the upcoming collection season and presented a tentative tax rate for Tompkins County of 15.129299 per $1,000 of assessed value. She cautioned the figure could see a "very slight possibility" of adjustment while the county assessment office finalizes values and prints bills.
Laurie Mudge, district treasurer, summarized the month: beginning and ending balances with minimal July and August activity ahead of September tax collections. Staff also noted the fiscal 2024–25 audit is in its final stages and should be completed in the coming weeks.
On surplus property, staff described an old, irreparable refrigerator at the high school that is more costly to repair than replace and will be brought to the board as a surplus-resolution item. Staff also reported Ithaca Public Education Initiative (IPEI) grant awards appropriated to the budget totaling $4,401.64 and a separate $840 donation to the high-school community closet.
A board member asked why Candor and Richford show different nominal rates; staff explained differences reflect state equalization percentages (assessments below 100%), not a higher effective tax burden. The committee set follow-ups and will receive the audit report at the next finance meeting.
