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Fairport administrators outline budget revenues, tax‑cap mechanics and May 19 vote
Summary
Superintendent Brett Formanzano and Assistant Superintendent Jeremy Nardone walked the public through district revenue sources (property taxes/PILOTs, state foundation aid, county sales tax and federal grants), explained how the tax‑cap formula and exclusions produce allowable levy growth, and noted the May 19 budget vote at Joanna Perrin Middle School.
Brett Formanzano, superintendent of the Fairport Central School District, opened the district’s "Under the Hood" budget briefing, saying the session was intended to explain how the district builds its annual budget rather than present the final 2627 budget.
Jeremy Nardone, assistant superintendent for business and operations, summarized the district’s revenue mix: property taxes and payments in lieu of taxes (PILOTs) account for roughly 55 percent of the budget, state aid about 33 percent, Monroe County sales tax distributions about 4 percent and the remainder comes from federal grants, tuition, rentals, admissions, interest earnings and interfund transfers. Nardone said the district also uses fund balance…
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