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District staff outline $121.25M budget, recommend $552K expense cuts and 2.39% levy to close gap
Summary
Staff told the Audit Committee the draft budget can be balanced with $552,000 in expense reductions plus a 2.39% tax-levy increase (under the 2.47% cap); state foundation-aid proposals and final BOCES costs may alter available capacity.
District staff presented the budget-development status and described scenarios to close a modest deficit in the draft $121.25 million budget.
Staff said $552,000 in proposed expense reductions combined with a 2.39% tax-levy increase would produce a balanced budget at the cited total. The district's statutory tax-levy cap is 2.47%; staff noted raising the levy to the cap would create roughly $50,000 of additional capacity over the 2.39% scenario. Staff also described a set of priority…
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