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District projects 4.24% tax-cap with $363,237 levy increase for 2026–27
Summary
Dr. Meyer told the Boquet Valley board that New York's tax-cap formula yields a projected allowable levy growth of 4.24% for 2026–27, translating to roughly $363,237 in increased levy dollars; the board discussed options to stay at or below the cap and the district's reliance on local revenue.
At the board's budget presentation, Dr. Meyer walked members through the tax-cap formula and the district's revenue picture, saying the district's projected allowable levy growth for 2026—27 is 4.24%, which represents an increase in the levy of about $363,237.
"Our tax cap projection for this year based on that formula is 4.24%," Dr. Meyer told the board while explaining the formula's components and why a nominal "2%" is only one input in the calculation. He described the district's three main budget areas (capital, administrative and programming) and emphasized the district must present a balanced budget where revenues match expenditures.
Board members discussed whether to adopt a levy below, at, or above the tax cap; Dr. Meyer said he generally recommends staying at the cap to rebuild and maintain reserves. He also flagged that several aid lines are small or declining (transportation aid, some merger aid reductions) and that foundation aid under the executive budget was projected to be a 1% increase for the district.
