Monday, April 20, 2020

Long Lake Central School budget under cap

LLCS BOE April 8 2020

Long Lake Central School budget under cap
LONG LAKE--When the Long Lake Central School Board of Education met on April 8, it approved the budget for 2020/2021 that is below the cap. Figures shown in (parentheses) are from last year’s (2019/2020) budget.
The budget under the cap on the levy is showing total appropriations in the General Fund standing at $4,380,864 ($4,185,640).
Subtracting estimated projected revenues and fund balances of $1,291,864 ($1,267,640) leaves an estimated tax levy of $3,089,000 ($2,918,000).
The estimated tax rate of $5.0773 ($4.7963) per $1,000 of assessed value.
This means a home assessed at $100,000 would have property tax bill of $507.73, up $28.10 over last year.
Before the board passed the budget, Clerk of the Board, Victoria J. Snide told the board that “the original school budget vote and Board of Education election set for May 19, 2020 has been delayed. The earliest possible revised date is June 1, 2020 but no decision has been made by New York State as of today.
“Regarding State Aid, we may find that the State reduces what they have published as our aid. They are going to have four measurement periods where they will review their aid predictions and reassess if needed.
“Our levy will be below the tax levy cap. I still have not received any requests for a petition for the open board seat. The petition deadline is also extended to an unknown date.
Other items approved included the 2020-2021 School Calendar, the 2020-2021 budget, the 2020-2021 Property Tax Report Card and Policy #5741 Drug and Alcohol Testing for School Bus Drivers and #6562 Employment of Retired Persons.

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