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Ithaca board adopts $177.64M budget with 3.4% tax levy after lengthy debate
Summary
After extended debate over tax‑levy levels and use of fund balance, the Ithaca City School District board adopted a $177,638,041 budget for 2026–27 reflecting a 3.4% tax‑levy increase; trustees discussed using reserve funds to reduce taxpayer burden and previewed a multi‑year forecasting tool for public use.
The Ithaca City School District Board of Education voted to adopt a $177,638,041 budget for the 2026–27 school year, reflecting a 3.4% tax‑levy increase. Administration demonstrated an interactive, public web tool that models multi‑year budget projections, tax‑rate impacts, and fund‑balance trajectories; the presentation emphasized transparency and the ability for residents to test variables such as state aid growth, projected underspending and levy percentage.
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