Board presents $69.4M adopted budget and four ballot propositions ahead of May 19 vote

Miss Raynor presented the Oyster Bay-East Norwich Central School Districts adopted 202627 budget at the boards May 5 hearing, saying, "The adopted budget totals approximately 69,400,000." She told the board the budget remains within the allowable 2.58% tax-levy limit and that approximately 89% of revenue comes from the tax levy, about 5% from state aid and the remainder from reserves, fund balance and miscellaneous sources.

Raynor said about 73% of expenditures are committed to salaries and benefits and described targeted capital and technology spending: approximately $980,000 in capital projects (auditorium rigging, hot-water heater replacement, gym AC, playgrounds, scoreboard replacement, oil-tank abandonment) and $495,000 in technology projects (device replacements and classroom displays). She outlined four ballot items: Proposition 1 (the $69,378,079 budget), Proposition 2 (technology capital reserve expenditure), Proposition 3 (use of existing capital reserve for projects, ~$980,000), and Proposition 4 (creation of a new capital reserve with a 15-year term, $25,000,000 cap and annual transfers not to exceed $2,000,000).

Raynor also explained contingency options if voters reject the budget: a second vote (if needed June 16) or adoption of a legally defined contingency budget that would prohibit certain nonessential expenditures; she estimated a failed budget would require roughly $1.54 million in reductions. The presenter reminded voters that the last day to register for the May 19 vote is May 14 and that absentee and early ballots are available through the district clerk.

Provenance: topicintro SEG 571, topfinish SEG 794.