May 2, 2017
HORNELL, NY – Business official and numbers cruncher Patrick Flaitz presented the Hornell BOE with one of the best budgets in the district in years Tuesday evening.
This year’s total budget stands at $38,114,393 which is only a $890,441 or 2.39% increase over last years budget. Of that 63% goes to programs, 26% for Capital components, and finally 11% toward administration.
As pointed out by Flaitz, the increase in state aid was a big factor in keeping school property taxes down. State aide accounts for 76.29% of the total budget while property taxes 17.98%. The remainder comes from other revenue sources. This tax rate turns out to be the lowest since the 2012-13 school years when it was 17.95%. If this budget is approved local tax payers can expect a tax decrease of $.48 per thousand of assessed value.
There will be 5 propositions on this years ballot:
#1 General Fund Budget
#2 Authorization of Expenditure from the 2012 School Bus Reserve Fund
#3 Authorization for a Student Transportation Vehicle Reserve Fund to be Created
#4 Authorizing a Lease Agreement for the Leasing of School Buses
#5 Authorizing the Renewal of the “Capital Improvements and Transportation Reserve Fund of 2007”
And finally there will be one board seat up for a vote, and that’s Kerry Davis and she will be re-running unopposed. The budget vote will take place Tuesday, May 16th in the High School Lobby from Noon to 9pm.