May 7th, 2018
CANISTEO, NY – A Public Hearing was held before the board’s regular meeting Monday night on the upcoming 2018-19 Canisteo-Greenwood school budget. The May 15th vote will contain 4 propositions.
The first proposition is the actual budget. The proposed $23,562,636 budget represents an increase of $256,016, or a 1.10% increase over last year’s budget. The tax levy for the district will increase 1.97% or $104,995, which is less than the maximum threshold of 2.10% the district could have asked for. According to the board, residents will only see a slight increase in their school taxes.
The 2nd proposition is additional funding for the Wimodaughsian Library and the Greenwood Reading Center. The Library is seeking an increase of $2,137 while the Reading Center is asking for an additional $336.
The 3rd prop is a $143,829,839 Capital Project in which as much as 92% will be funded by aid from New York State. According to school officials, the district currently has $2 million in a Capital Reserve and another $870,000 in a Debt Service Reserve that will be used to pay the local share. The remaining cost will come from funds specifically set aside by NYS for Capital Projects.
Proposition 4 will be asking to establish a new Capital Reserve. The current one was created over 10 years ago. This will allow the board to transfer fund balances from any school year to this reserve to help pay the local share of Capital Projects.
And finally, two board members are seeking re-election. Marcy Bradley and Fred Thompson will be running against Thomas Franclemont and Joseph Harrington. The two candidates with the most votes will take the seats. The 3 year term will expire on June 30th, 2022.
The board is encouraging residents to get out and vote May 15th from 10am to 8pm at Somers Hall in Canisteo and the Greenwood Fire Hall.