[February 13, 2015] Due to the governor’s decision to delay the release of state aid runs, our District has been unable to prepare a preliminary budget. However, information regarding the multiple budget factors, estimated maximum allowable tax levy and estimated employee benefit costs was provided at the February 10 budget workshop. As of the workshop date, the estimated maximum allowable tax levy was 1.55%.
Assistant Superintendent for Business Kelly Seibert cautioned that initial projections are likely to change as information from the state becomes available. He also detailed additional factors impacting this year’s budget development process, including:
Seibert also reported some good news regarding the District’s fiscal stability (a current score of 0% on the NYS Comptroller’s Fiscal Stress Monitoring System), and decreased contribution rates for TRS/ERS and health benefits in 2015-16.
Upcoming Board budget workshops will be held at 6:30pm on Tuesday, March 17 and Tuesday, April 14 at the Administrative Offices in Hillburn. The Board elections and budget vote will be held on Tuesday, May 19.
Information regarding the budget development process can be found on the District website at http://www.ramapocentral.org. Questions regarding the budget may be submitted via email to mailto:email@example.com.
Budget Updates 2015 >