Budget Information

On May 15, voters approved the 2018-19 budget, which totals $31,936,305 and carries a projected tax levy increase of 2.49 percent (which is under the 2.62 percent allowable tax levy limit set by the NYS property tax cap). The budget is up a total of $1,099,330, a 3.56 percent increase from the 2017-18 budget.

2018-19 Budget Documents

 

2018-19 Budget Development Presentations

 

Property Tax Cap Information

Contrary to popular belief, the NYS property tax cap does not cap tax increases at 2%. Instead, schools must use a state formula each year to determine how much they can increase their tax levies by without having to seek a higher percentage of voter approval for the budget. This threshold may be different each year and must be determined by the District and submitted to the state by March 1st.

For 2018, Chatham’s tax levy cap is 2.62%.

If the year-to-year increase of the District’s tax levy (portion of the school budget funded by property tax) is at or below the number determined by the cap, a simple majority (50% + 1) of voter approval is needed to pass the budget. If the budget proposal carries a tax levy increase above the cap, a super majority (60%) of voter approval is needed for the budget to pass. More information on the NYS Property Tax Cap is available on the NY State Education Department Website.

Voting Results – May 15, 2018

Proposition #1 – 2018-19 School Budget: Passed 600 Yes – 257 No

Proposition #2 – Buildings & Grounds Renovations: Passed 613 Yes – 244 No

Proposition #3 – Security Cameras: Failed 402 Yes – 458 No

Elected to the Board of Education:
Denise Barry – 632   (3-year term July 1, 2018 – June 30, 2021)
David O’Connor – 604   (3-year term July 1, 2018 – June 30, 2021)
Beth Hover – 583   (3-year term July 1, 2018 – June 30, 2021)
Patricia Wilson – 569   (2-year term May 16, 2018 to June 30, 2020)
Graham Button (write in candidate) – 77   (1-year term May 16, 2018 – June 30, 2019)

May 15, 2018 Exit Survey

 

Budget Information from Previous Years

2017-2018 Budget Information
2016-2017 Budget Information
2015-2016 Budget Information
2014-2015 Budget Information
2013-2014 Budget Information
2012-2013 Budget Information
2011-2012 Budget Information
2010-2011 Budget Information
2009-2010 Budget Information

 

Questions or comments about the budget?

Email them to budget@chatham.k12.ny.us