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Board accepts treasurer's report and adopts resolution under Real Property Tax Law 466‑a
Summary
Board accepted the October treasurer's report, noting a first Foundation Aid payment of $1.8M and improved school‑lunch performance, and adopted the Real Property Tax Law 466‑a resolution after a required public hearing; cooperative electric bidding was noted for rate stabilization.
The board accepted the October Treasurers Report and approved a district resolution related to Real Property Tax Law 466‑a after holding the required public hearing.
Financial highlights presented by the treasurer included that October is the peak month for tax collection and that interest and earnings year‑to‑date exceeded expectations because of secured multi‑month rates. The treasurer reported the district received a first Foundation Aid payment of $1,800,000.0 and that the school lunch program’s year‑to‑date loss narrowed to $1,000 compared with a $73,000 loss the prior year.
After the public hearing on Real Property Tax Law 466‑a, the board moved to approve the resolution (motion by Emily, second by Dave) with no questions from the board and a voice vote. The administration also noted cooperative electric bidding as a means of rate stabilization when purchasing in bulk.
Actions taken: the treasurer's report was accepted (motion moved by Sarah and seconded by Dave) and the 466‑a resolution was adopted. Both votes were carried by voice vote.
