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Ithaca school board weighs tax-cap scenarios as officials outline preliminary 2026–27 budget
Summary
District leaders presented a preliminary 2026–27 budget projection and three budget-path options for the board to consider, highlighting a roughly 5% year‑over‑year cost increase, a 3.8% rise in state aid, and a calculated tax-cap of about 4.18 percent; staff will return with detailed expenditure scenarios.
At a Feb. 24 meeting, Ithaca City School District leaders presented a preliminary revenue and expenditure picture for the 2026–27 school year and asked the board for direction on tax‑levy scenarios and the use of fund balance.
Superintendent Dr. Brown and district finance staff said the district’s initial projection for 2026–27 is preliminary and under active development. Finance staff described a year‑over‑year expense increase in the neighborhood of 5 percent and called out roughly $2 million in additional revenue from several sources. “The cap that was calculated is 4.18 percent,” the finance lead said, adding that the figure is the district’s working tax‑cap number for…
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