Budget Information

2019-20 Budget

Development of the 2019-20 school budget is currently underway. The Annual Budget Vote and Board Election is Tuesday, May 21, 2019, 9:00 a.m. -9:00 p.m. in the MED gym.

Information pertaining to the budget is posted to this page as it becomes available.

Budget Development Calendar

November 13, 2018       Board Meeting 6:00 pm (Budget Calendar Adoption)

January 17, 2019            Finance Committee Meeting (State Aid, ERS/TRS)

January 22, 2019            Board Meeting 6:00 p.m. (Projected State Aid)

February 7, 2019            Finance Committee Meeting (Property tax cap, budget, Instructional Staffing Issues)

February 12, 2019          Board Meeting 6:00 p.m (1st Part of Budget – Admin & Operations, Prop. tax cap, Phase 1’s – Instructional Staffing Issues)

February 14, 2019          Finance Committee Meeting (Review budget updates)

February 26, 2019          Board Meeting 6:00 p.m. (2nd Part of Budget – Instructional, Library & Cafeteria, Phase 2’s)

March 7, 2019                Finance Committee Meeting (Review budget updates)

March 12, 2019              Board Meeting 6:00 p.m. (3rd Part of Budget – Transportation & Benefits)

March 21, 2019              Finance Committee Meeting (Review budget updates)

March 26, 2019              Board Meeting 6:00 p.m. (Special Education & Budget Adjustments)

April 11, 2019                Finance Committee Meeting (Review Fnal Budget & Recommend)

April 16, 2019                Board Meeting 6:00 p.m. – Adoption of 2019-2020 Budget

April 17, 2019                Submission of Property Tax Report Card to NYSED

April 29, 2019               Copies of Budget and required attachments made available to public upon request

May 14, 2019                 Annual Budget Hearing 6:00 p.m., HS library

May 21, 2019                 Annual Budget Vote and Elections 9:00 a.m. -9:00 p.m. in the MED gym

Budget Development Presentations

2019-20 Budget Documents

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.

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.

Budget Information from Previous Years

2018-2019 Budget Information
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