Latest news with #HorseheadsCentralSchoolDistrict
Yahoo
19 hours ago
- Business
- Yahoo
2025-2026 revised proposed school budget announced by Horseheads Central School District
HORSEHEADS, N.Y. (WETM) — The Horseheads Central School District has announced its board of education approved a revised proposed budget for next school year, after voters rejected the first budget amount in May. The budget originally proposed was $105,800,502, which needed a supermajority to pass (more than 60% of votes), but that did not pass with said supermajority after voters cast their ballots on Tuesday, May 20. The newly proposed budget will not need a supermajority vote to pass because it falls below New York State's tax levy limit, the Horseheads Central School District explained. The district released the new 2025-2026 proposed budget of $104,828,196, which is almost one million dollars less than the initial budget, with a budget increase of 2.09% as opposed to 3.03% in the previous amount, according to the district. If it passed, the initial budget could have been reduced with help from the state because of its tax levy increase of 7.4%, the district said, the new proposed budget brings in a tax levy increase of 4.56%. The revised plan, the district explained, is set to raise taxes by 0.31%, or 5 cents per $1,000 of assessed value. The new proposed budget only needs 50% or more of the votes to pass and is set to be voted on by district residents on June 17, from 7 a.m. to 9 p.m. at the North Gym, located inside Horseheads High School. If the revised proposed budget does not get approved by district residents, the board will have to automatically change to a state-mandated contingent budget. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-05-2025
- Business
- Yahoo
Proposed Horseheads school budget includes tax increase, but state aid could soften blow
Residents in the Horseheads Central School District will be asked to vote Tuesday to approve a proposed 2025-26 school budget that will raise property taxes. But school officials say unexpected additional state aid that was approved as part of the late state budget will help lessen the impact on the school tax rate. The Horseheads Board of Education approved a tentative $105,800,502 budget that would increase both spending and the tax rate by about 3% over the 2024-25 spending plan. Because the tax increase exceeds the state-imposed limit, it will take a 60% supermajority of voters to override the cap and approve the budget. School Superintendent Thomas Douglas is asking residents to approve the budget as presented, and then he will ask the school board to apply the additional $384,119 in foundation aid to lessen the property tax impact. "This new, but welcomed, late state revenue will allow me to further meet the expectations of the board, while also helping our community. This is the right thing to do with this additional state aid," Douglas said. "Pending the outcome of the challenged budget being voted on this Tuesday, I will recommend to the Board of Education in August, upon the community approval of the budget this week, the additional late state aid should be utilized to reduce the estimated tax rate from $0.48 per $1,000 to $0.36 per $1,000 of assessed full value, while still preserving all programs and services for our students," he said. Entertainment 'It's going to be epic': GlassFest expected to pack Corning May 23-25. What's on tap The proposed budget right now would increase the tax rate from the current $15.94 per $1,000 of assessed value to $16.42. For a home with a full-value assessment of $100,000, that would result in a $48 property tax increase for the year. Final full value tax rates are calculated in August, once assessment values and equalization rates are confirmed by each municipality. Thus, if the budget passes Tuesday, the additional state aid would be applied at that time to ease the tax burden, Douglas said. Residents on Tuesday will also be asked to vote on a proposition to purchase school buses at a cost not to exceed $1.9 million, and to choose among seven candidates running for three available school board seats. The vote will take place from 7 a.m. to 9 p.m. Tuesday in the Horseheads High School north gym. Voters should enter through the pool entrance. Follow Jeff Murray on X (Twitter) @SGJeffMurray. To get unlimited access to the latest news, please subscribe or activate your digital account today. This article originally appeared on Elmira Star-Gazette: Horseheads residents will vote on new school budget with tax increase
