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Presenter outlines levy formula, notes 2% CPI and unresolved state-aid details ahead of March 1 filing
Summary
Presenter said the CPI to be used in the 2025–26 levy calculation is 2% but that exclusions (debt service, capital transfers, BOCES charges) alter the district's maximum levy; a preliminary proposed levy of about $27 million (just over a 3% maximum) was shown and the district awaits state aid guidance tied to a Rockefeller Institute foundation-aid study.
A committee member asked about the tax-levy limit, and the Presenter said the Consumer Price Index to be used in the district's levy calculation was provided that day as 2%, but cautioned that other categories and exclusions feed the final number and that the controller filing is due March 1.
Nut graf: Presenter walked the board through the levy formula components: the prior-year levy, a growth factor for new construction provided by the state, the allowable CPI-based increase and any PILOT receipts; the Presenter said exclusions for required payments such as BOCES obligations and debt service reduce the base used to compute the levy limit.
Presenter cited specific exclusion figures: debt-service payments of about $1,400,000 next year and an EPC project amount of $112,000. After removing exclusions totaling about $754,000, the Presenter said the district's proposed levy for planning purposes is roughly $27,000,000, which corresponds to a little more than a 3% levy-limit maximum in current estimates.
The Presenter also discussed state aid categories (foundation, building and high-cost/OCC aid) and noted the district is waiting for the state to respond to a December Rockefeller Institute foundation-aid study. "We don't know what's happening," the Presenter said, and said the district would update the board and community when state figures are released next week.
Ending: Presenter said staff will revise levy projections as new information (BOCES reconciliations and state aid releases) arrives and that the board will revisit the numbers prior to the March 1 controller filing.
