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Iroquois Central School District presents budget tied to 3.25% levy as state aid remains uncertain
Summary
District administrators presented a budget built on a 3.25% tax-levy increase and contingency plans as New York State delayed final aid numbers; the proposal would use roughly $700,000 in reserves unless the state restores foundation aid, and it places three propositions (including three full-size buses) before voters on May 21.
District administrators on April 11 presented a proposed 2024–25 budget that assumes a 3.25% tax‑levy increase allowed under the state's tax-cap formula and includes contingencies to address an uncertain foundation‑aid allocation from Albany.
The presenter told the board that New York State approved a third extension to finalize its budget and that the district must base its proposal on the executive budget released in January. "The budget that I am presenting is compliant with a 3.25 tax levy increase, which is what we are allowed by tax cap legislation," the district administrator said. He added the draft includes contingency steps if foundation aid changes.
Why it matters: the district said inflation and rising costs are outpacing the tax-cap calculation, leaving schools across…
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