5120

Adoption Date: 7/19/1994, Revised: 7/11/1995; 6/20/00; 1/20/04; 10/6/09; 2/27/18 
5000 - NON-INSTRUCTIONAL/BUSINESS OPERATIONS

BUDGET

5120 SCHOOL DISTRICT BUDGET HEARING

The Board of Education will hold an Annual Budget Hearing, in accordance with law, so as to inform and present to District residents a detailed written statement regarding the District's estimated expenditures and revenue for the upcoming school year prior to the budget vote which is taken at the Annual District Meeting and Election.

 

The Budget Hearing will be held not less than seven (7) nor more than fourteen (14) days prior to the Annual District Meeting and Election or Special District Meeting at which the budget vote will occur. The proposed budget will be completed at least seven (7) days prior to the budget hearing at which it is to be presented.

 

Notice of the date, time and place of the annual budget hearing will be included in the notice of the Annual Meeting and Election and/or Special District Meeting as required by law.

 

Budget Notice

The District Clerk shall mail a School Budget Notice to all qualified voters of the District after the date of the Budget Hearing, but no later than six (6) days prior to the Annual Meeting and Election or Special District Meeting at which a school budget vote will occur. The School Budget Notice shall compare the percentage increase or decrease in total spending under the proposed budget over total spending under the School District budget adopted for the current school year, with the percentage increase or decrease in the Consumer Price Index from January first of the prior school year to January first of the current school year.

 

The Budget Notice shall include a description of how total spending and the tax levy resulting from the proposed budget would compare with a projected contingency budget, assuming that such contingency budget is adopted on the same day as the vote on the proposed budget. Such comparison shall be in total and by component (i.e., program, capital and administrative), and shall include a statement of the assumptions made in estimating the projected contingency budget. The District will also include in the notice the school tax levy limit, the proposed school year tax levy (without permissible exclusions to the school tax levy limit), the total permissible exclusions, the proposed school year tax levy (including permissible exclusions to the school tax levy limit), and any other provisions as dictated by law.

 

The Notice shall also include, in a manner and format prescribed by the Commissioner of Education, a comparison of the tax savings under the basic school tax relief (STAR) exemption and the increase or decrease in school taxes from the prior year, and the resulting net taxpayer savings for a hypothetical home within the District with a full value of one hundred thousand dollars ($100,000) under the existing District budget as compared with such savings under the proposed budget.

 

The Notice shall also set forth the date, time and place of the school budget vote in the same manner as in the Notice of the Annual Meeting. The School Budget Notice shall be in a form prescribed by the Commissioner of Education.

 

Policy References:
Notice of Budget Hearing/Availability of Budget

Statement


Education Law Sections 1608(2), 1716(2), 2003(1),

2004(1), and 2601-a(2)

Election and Budget Vote

Education Law Sections 1804(4), 1906(1), 2002(1), 

2017(5) and (6), 2022(1), and 2601-a(2)

Budget Development and Attachments

Education Law Sections 1608(3), (4), (5), (6), and (7); 
1716(3), (4), (5), (6), and (7); 2022(2-a); and 2601-a(3)

8 New York Code of Rules and Regulations

(NYCRR) Sections 100.2(bb), 170.8, 170.9, and 170.11

Adoption Date: 7/19/1994, Revised: 7/11/1995; 6/20/00; 1/20/04; 10/6/09; 2/27/18 


 


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