BUDGET UPDATE: APRIL 05 2023
At the April 5 Board of Education Meeting, Chief Financial Officer Terry Gillooley spoke about:
Fund Balance
Required Foundation Aid Survey
NYSED requires school district receiving an increase in Foundation Aid of more than 10% or $10 million to create plan on how the funds will be used to address student performance and need. Plan must be submitted by July 1, 2023. As part of this, we are required to seek pubic comment from stakeholders to collect ideas. We will be posting information and collecting input through Let's Talk.
Proposal to purchase Keane Elementary School
The district has been leasing Keane since July 2007. The district is now looking to purchase the school building and property for $2 million. This will be included on the May 16 ballot (along with the Budget vote, Capital Project Referendum, and School Board Election). With the purchase of Keane, there will still be zero tax impact.
Moving forward, we expect the Board of Education will adopt a budget on April 19.
A budget hearing will be held on May 3
The 2023-2024 Budget Vote will be held on May 16.
Mr. Gillooley also reiterated that there has been zero tax increase/ no impact on the levy in six years.
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