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Budget workshop: district projects roughly $1.7 million gap for 2025–26
Summary
District business staff outlined preliminary 2025–26 budget parameters citing CPI, small foundation aid increases (~$46,000), changes in transportation and BOCES aid, and rollover contractual costs; the current scenario shows a budget gap of about $1.7 million at a 2% levy increase.
Mrs. May, the district business official, opened the first budget workshop for the 2025–26 development cycle and described key parameters: the district uses the lower of 2% or CPI for the tax-cap calculation; CPI was reported at roughly 3% and the tax cap for 2024–25 was 4.3%. Using preliminary state-aid estimates the presenter said foundation aid may increase by about $46,000, transportation aid by roughly $100,000, while BOCES aid could fall by about $164,000. On the expenditure side Mrs. May reported rollover contractual wages of about $1,190,000, benefit increases of roughly $637,000 and debt-service increases offset by building-aid increases.
Combining those estimates, staff presented scenarios showing a projected budget gap of approximately $1.7 million at a 2% levy increase and a remaining gap even at the prior 4.3% cap assumption. Mrs. May outlined next steps — refining the tax-cap calculation before the March 1 deadline, reviewing the governor's executive aid proposal and doing deeper expenditure analysis — and said district leaders would meet with principals and departments to pursue potential savings or revenue adjustments.
