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District projects roughly 3.6% levy cap and warns of rising health and pension costs
Summary
At the Jan. 12 board meeting Beacon City School District staff presented an early budget preview that estimated a maximum levy increase near 3.63%, highlighted health-insurance premium increases and higher retirement-system contributions, and noted a March 1 timing issue tied to a possible PILOT from Marabou Spa.
District finance staff delivered an early budget preview to the Beacon City School District Board on Jan. 12, outlining a preliminary tax-cap estimate, benefit cost pressures and next steps in the budget calendar.
The presenter said allowable growth in the district’s levy is constrained by the state tax-cap formula and, with current assumptions, the district’s projected maximum levy increase is about 3.63%. He cautioned that the figure could change before the March 1 tax-cap filing depending on whether Marabou Spa is removed from the tax rolls into a PILOT arrangement;…
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