Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Bay Shore previews budget before next week’s vote; staff cites ~1.5% estimated tax rate and five‑year capital plan
Summary
District staff previewed Budget Session Six, showing a proposed budget‑to‑budget increase of about 4.7%, a preliminary estimated tax rate around 1.5% (before assessments and base‑proportion adjustments), and a five‑year capital plan with planned annual transfers to capital tapering from $7.5M to $2.5M.
District finance staff briefed the board on the items that will appear in next week’s budget presentation and provided early fiscal estimates ahead of the public vote.
A presenter walked trustees through a five‑year capital improvement plan the district has charted, saying staff have prioritized projects and cost estimates for the coming years. The district currently plans annual transfers to capital of about $7.5 million per year, stepping down to $5 million the following year and $2.5 million thereafter as projects wind down.
On preliminary budget metrics, staff said the budget‑to‑budget increase is about 4.7 percent, and that the anticipated tax rate—before assessments and base‑proportion adjustments—would be about 1.5 percent. Staff cautioned that assessments and the final base‑proportion split will change the final tax rate when those data arrive.
The presenter also reminded the board that, following the budget vote, the district will file the property tax report card with New York State as required.
Next steps: the board will consider the formal budget at next week’s meeting and vote on the budget and associated property tax report card.
