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Locust Valley board hears 2026–27 budget details, hears $92.7 million tax‑levy ceiling
Summary
Administrators presented the second portion of the 2026–27 budget, explaining the state tax‑cap formula, a $98.29 million operating budget, a calculated tax‑levy ceiling of $92,722,000, and recommended uses of reserves and limited new purchases to preserve classroom programs.
Administrators presented the second portion of the Locust Valley Central School District’s proposed 2026–27 operating budget and walked trustees through the state tax‑cap calculation and reserve strategy.
The budget presenter said the district’s current operating budget for 2025–26 is $98,289,000 and that the state formula produced a maximum tax‑levy ceiling for next year of $92,722,000. "So the current year's tax levy maximum is 92,722,000," the presenter told the board while emphasizing that the figure is a ceiling and not necessarily the levy the district will propose to voters.
The presentation…
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