Thursday, March 20, 2014

Budget stands at 1.78% Tax Levy Increase

Assistant Superintendent Dan Carlin, following suggestions from the March  budget workshop, presented a revised spending plan to the Bronxville Board of Education. The total school budget request for 2014-15 is $46,219,299, representing a tax levy increase of 1.78%. This figure is slightly below the mandated tax cap of 1.88%. The revisions make reductions in a number of accounts that have carried surpluses in prior years.  In addition, a kindergarten teacher has been added: confirmed kindergarten registrations have already reached 101, exceeding the projected number of 95 students.

Board member Jeff Rohr pointed out that the tax burden is offset by allocating $1,050,000 of reserves. This is a strategy dependent on having sufficient reserves and surpluses. Otherwise additional cuts would be needed in order to balance revenues and expenditures.

The Board expressed consensus that this was an acceptable budget. They will vote to endorse a budget on April 22 and hold a budget hearing on May 8. The state-wide School Budget vote is on May 20.