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More state aid drops proposed NCCS levy PDF Print E-mail
Written by SUZANNE MOORE, Staff Writer   
Saturday, April 07, 2007

CHAMPLAIN — Unexpected state aid means Northeastern Clinton Central School can reduce the tax-levy increase for 2007-08 from about 5 to 2.5 percent.
"The numbers look in the excess of $300,000," Business Manager William Knaust told the School Board this week.
About $700,000 has been projected in aid. Knaust estimated about $279,000 of the new funding would actually directly affect the $25,547,000 budget that voters will act upon May 15.
He proposed using $240,000 of that to cut the tax levy — the amount of the budget to be raised by taxes — of $10,047,624 to $9,807,624.
That, he said, would trim the proposed tax rate from $22.11 — which is a zero increase over this year's rate — to an estimated $21.59 per $1,000 assessed property value.
That's a drop of about 1.2 percent.
Just half the decrease completely offsets the now estimated 26 cents per $1,000 that would make the first year's payment on the $120,000 or so bond for the five new school buses and two vans up for approval in a separate proposition, Knaust said.
State aid would also reimburse the district for about 90 percent of the bus costs, coming back to NCCS in the year after purchase.
The School Board voted unanimously to accept the proposed budget with Knaust's recommendations.

 

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