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Sachem budget update: combined-wealth ratio rises, UPK expansion and tax-levy impacts explained
Summary
Administration told the board the combined wealth ratio rose to 0.89, trimming some state aid, reviewed the governor's UPK proposal (a $10,000-per-student full-day allocation beginning 2028'9) and explained a preliminary tax-levy calculation showing a proposed 2.37% increase; trustees discussed fund balance, reserves and next steps for expenditure review.
District finance staff presented the revenue portion of the 2026'7 budget to the board and explained several items trustees will need to weigh over the coming weeks, including shifts in state aid driven by the combined-wealth ratio, the governor's universal prekindergarten (UPK) proposal and the multi-step tax-levy cap calculation.
Michelle (presenting the revenue slides) said the district's combined-wealth ratio increased to 0.89 from 0.84 last year, a shift that reduces the state…
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