2013-2014 Budget Documents
- 2013-2014 Budget Newsletter
- 2013-2014 Proposed Budget Packet and Required NYS Supplied Information
- May 14 Budget Presentation (Public Hearing)
- April 9 & 16, 2013 Presentation (Final Budget)
- Annual Budget Vote and Board of Education Election Notice
- March 21, 2013 Presentation (Transportation, Benefits, Special Education & Cafeteria)
- March 5, 2013 Presentation (Instructional, Technology, Library, Tax Cap)
- February 12, 2013 Presentation (Admin & Operations)
- January 22, 2013 Presentation (Revenue)
Voting Results – May 21, 2013
2013-2014 Budget – Passed: 331 Yes – 151 No
Proposition #1 Student Representative – Passed: 421 Yes – 60 No
Candidates Elected to the Board of Education:
- Muriel Faxon – 394
- Craig Simmons – 355
- Gail Behrens-Day – 314
- Melony Spock – 330
The budget totals $29,175,016 and carried a tax levy increase of 3.6%, which was less than the District’s NYS property tax cap threshold of 4.34%. Because the tax levy increase was below the state cap, a simple majority (50% + 1) of voter support was needed for the budget to pass when residents went to the polls.
2013 Property Tax Cap Information
Contrary to popular belief, the property tax cap does not cap tax increases at 2 percent. Instead, public schools in NY must use a state formula 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 must be determined and submitted to the State by March 1st.According to the formula, Chatham CSD may increase its 2013-14 tax levy by 4.34%. See how Chatham’s tax levy limit was calculated.
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 4.34%, a simple majority (50% + 1) of voter approval is needed to pass the budget. However, if the District puts before voters a budget that carries a tax levy increase above 4.34%, a super majority (60%) of voter approval is needed for the budget to pass.
More information on the NYS Property Tax Cap as it pertains to public schools is available through the links below.
- Understanding the NYS Property Tax Cap
- New rules for budget votes
- Understanding the three tax levy numbers under the new law
- Information on Tax Levy Limit Formula
- NY State Education Department Website
Proposition #1 on the May 21, 2013 ballot asked voters to approve the position of an “Ex Officio” non-voting Student Representative on the Chatham Central School Board of Education. A student representative currently sits on the Board, but by law, the position must be approved by voters every two years.
What is a fund balance? How is it used?
A fund balance is a reserve much like a homeowner’s savings account. When a school district’s expenses are less than what was expected or revenues are higher than expected, the money is held in the fund balance. Districts use fund balance each year as revenue in the budget to minimize spending cuts and stabilize tax increases. The money is also used for unforeseen expenses throughout the school year. By law, a school district’s fund balance cannot exceed 4% of the next year’s budget. In challenging economic times like the present, school districts must plan carefully how they use their fund balance to ensure it does not run out.
What is the NY State’s Gap Elimination Adjustment?
The Gap Elimination Adjustment (GEA) was proposed by Governor David Paterson as a one-time fix to reduce the state’s budget deficit. However, the state has continued to use it the past three years to cut millions of dollars in state aid to local school districts. Governor Cuomo’s 2013-14 Executive Budget continues the Gap Elimination Adjustment for a fourth straight year. See how the GEA affects Chatham CSD.