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Katonah-Lewisboro board reviews $124.4 million proposed budget, says it remains under tax cap
Summary
District administrators presented a superintendent's proposed budget of $124,380,762 (a $4.3 million, 3.61% increase) that officials said keeps the levy below the tax-cap limit; trustees and staff discussed contingency positions, enrollment and three propositions voters will see in May.
District administrators on March 14 gave the Katonah-Lewisboro Union Free School District Board of Education a high-level review of the superintendent's proposed 2024-25 budget, which they said totals $124,380,762, a $4,300,000 (3.61%) year-to-year increase and a proposed property tax levy increase of 3.4%.
The administration emphasized the budget was designed to stay under New York's tax-levy cap. "We've met the board's goal of coming to you with a proposed budget that's below the cap," said a district administrator. Officials said major cost drivers include rising health insurance costs, increased debt service from the bond and TRS obligations.
Lisa, the district finance official who presented the line-item analysis, said health insurance was the largest single increase at roughly $3,000,000; contractual obligations and debt…
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