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Business office unveils working budget draft with modest levy example and $3.7M proposed increase
Summary
Assistant Superintendent for Business presented a working budget draft that shows a 0.5% levy example (about $35/year for a $350,000 home), a $3.7 million (2.6%) proposed budget increase, projected foundation aid increase of ~2.97 (~$700,000), building and BOCES aid rates, capital projects funded from reserves ($1,161,000), and possible savings via a retirement incentive.
Assistant Superintendent for Business Mr. Silver walked the board through a working budget draft and line-by-line details in an Excel-based packet, emphasizing the document is iterative and under active development.
Mr. Silver said the draft contemplates a half-percent levy increase as an example. "This draft includes a half a percent increase in taxes," he told the board, and illustrated the household impact: an average $350,000 home would see about $35 more per year for a 0.5% increase. He cautioned the draft is preliminary and that versions were already changing during the meeting.
On revenue, Mr. Silver noted the district could be looking at a 2.97%…
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