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2025-2026 revised proposed school budget announced by Horseheads Central School District
2025-2026 revised proposed school budget announced by Horseheads Central School District

Yahoo

time3 days 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 This material may not be published, broadcast, rewritten, or redistributed.

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