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Byram Hills board hears first budget hearing as tax-cap math projects a lower levy
Summary
At a Jan. 26 budget hearing, district staff outlined a fiscal projection that paying off final debt service will reduce next years tax-levy cap, producing an estimated 1.01% (-$938,000) decrease in the allowable levy; board scheduled further budget hearings and promised detailed reserve and levy discussions in March.
At the Jan. 26 Board of Education meeting, district finance staff presented the first of three budget hearings, laying out a fiscal trend analysis and a step-by-step explanation of the New York State tax-cap formula that will shape the 2026-27 budget. The presentation showed the districts 2025-26 combined budget figure at about $107,000,000 and noted the district will make its final debt-service payment of $2,300,000 this year.
The presenter (identified in the meeting as Kelly) explained how the tax-cap formula starts with the current-year levy ($92,700,000 cited), applies a tax-base growth factor (0.84 percent this…
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