What shapes the budget?
Board hears preliminary budget presentation
The Schalmont Board of Education reviewed what informs the budget process at its Feb. 25 meeting. Among the many items that influences budget development are the needs of our student population, the financial capacity of the community, results of the previous year’s exit survey, and the governor’s budget proposals.
For example, beginning in 2020-21 – the Governor Proposes consolidating “Services” aids. This includes BOCES, Transportation Aid, Instructional Materials Aid and other smaller aid categories. Services Aids would not be tied to actual expenses, but would be a flat rate based on inflation and student count.
18-19 Budget at a Glance
Adopted budget: $48,636,823
Tax levy increase from previous year: 2.6%
Included two referenda that have NO COST to taxpayers:
- Voter-approved change to the transportation facility project from repairing the old facility to constructing a new one. The district is able to do this by using the $3.4 million already approved by voters in 2016 and dedicating $840,000 to the project at its outset. The remaining cost will be funded through state aid.
- Voter-approved referendum to establish a capital reserve fund to defray the cost of the project in future years. This will help when we have another building condition survey completed on our facilities in 2020.
2018-19 Budget Documents