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Three Village board leans toward $3 million in capital spending; tax-cap estimate would rise to about 4.54%
Summary
At its Feb. 25 meeting the Three Village Central School District Board of Education discussed next year’s tax-cap calculation and gave nonbinding direction to use $3,000,000 as a working capital figure for the comptroller filing; officials said that amount would raise the district’s tax-cap estimate to roughly 4.54% under current assumptions.
The Three Village Central School District Board of Education discussed options for next year’s capital spending and how those choices would affect the district’s tax-cap calculation, and the board signaled nonbinding support for using $3,000,000 as the working figure to submit to the comptroller’s office.
Mr. Carlson, who led the budget presentation, told the board that the tax-cap calculation combines several elements: a levy-growth factor tied to inflation (capped at 2%), a tax‑base growth factor reflecting new construction (1.19% for this district), and other items such as building aid and debt service. "So when we do the tax cap calculation, as you know, there's a number of factors that go into determining what the tax cap is each year," Mr. Carlson said, adding that…
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