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Locust Valley outlines 2026 operating budget and tax‑cap context
Summary
District budget presenter Karen said the proposed 2026 operating budget is $98,289,000 (a 1.95% increase) and the proposed levy is $90,158,000 (a 2.36% increase); trustees were told fund balances will be used to fund capital work and that the district is awaiting tax base growth factor data used in the state tax‑cap calculation.
District staff presented an overview of the Locust Valley Central School District’s proposed 2026 operating budget, fund-balance position and next steps for budget review.
Presenter Karen said the current operating budget for 2026 is $98,289,000, a 1.95% increase over the previous year, and that the tax levy supporting the budget is $90,158,000, an increase of 2.36% year over year. She explained that the tax levy provides more than 91% of district…
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