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District staff presents 1.81% proposed tax-levy increase, outlines revenue mix
Summary
District staff presented the proposed 2627 school-year budget with a 1.81% tax-levy increase, estimated state aid of $67,977,227 (about 39% of revenue), and use of reserves; the budget also lists a proposed $15 million capital reserve on the ballot.
District staff presented the Valley Stream Central High School District’s proposed budget for the 2627 school year, saying the plan includes a 1.81% increase in the tax levy and a budget‑to‑budget increase of 4.05%.
“The levy equals 92,437,160, and that represents about 53% of the revenue of the budget,” the staff member said while reviewing revenue sources. The presenter said estimated state aid is $67,977,227 (about 39% of total budgeted revenue), PILOT payments are $9,571,003 (about 5%), and local revenues were listed in the transcript as 1,600,000.
The speaker also noted the district’s 15‑year average levy increase is roughly 1.08% and that, among districts in Nassau and Long Island that had filed, the district ranked near the lower end of levy increases. The presenter said reserves would be used to help fund the budget and recited a reserves number transcribed as 1,988,992; the phrasing in the transcript was ambiguous and is noted in clarifying details.
Board members were invited to ask questions about the budget, revenue assumptions, and programs before moving on to other agenda items.
