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Carmel board holds budget hearing as administration presents 0% tax-levy proposal and safety bond
Summary
At a May 7 public hearing, Carmel Central School District administrators outlined a $141.8 million proposed 2024–25 budget with a 0% tax-levy recommendation, described reserve balances and a proposed $11.8 million safety-and-security bond, and answered public requests for more transparent, machine-readable budget documents.
Carmel Central School District administrators presented the district's proposed 2024'25 budget during a public hearing on May 7, outlining revenues of $141,773,966, a recommended 0% tax levy and planned reductions intended to balance the $141 million plan.
Interim Superintendent McGrath and the business office walked the board and community through enrollment and demographic trends, reserves and fund-balance categories, and the district's revenue mix, saying New York State aid accounts for about 27.6% of revenues and local property taxes about 71.5%. The presentation included reserve balances (employee benefits, capital reserve, insurance reserve and an…
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