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2007-2008 Budget News

 

Gloversville residents approve revised budget
On June 19, district residents voted 597 to 211 in favor of a $46,857,554 revised spending plan for 2007-08 that would not increase the local tax levy. Residents will be returning to the polls in August to vote on a proposal to purchase five school buses.

 

Board uses bonus state aid to boost programs and reduce proposed tax levy
On April 2, the district Board of Education adopted a proposed $47,075,366 budget for the 2007-08 school year that would raise local school taxes by an estimated 2 percent. School officials had projected that local school taxes would increase 3.9 percent next year under the preliminary budget they had been considering prior to Monday’s board meeting, but under the now-finalized state budget, Gloversville schools will be receiving an additional $706,000 in state aid for next year.

Gloversville board members had planned to adopt a $46.7 million budget during Monday’s meeting, but just before the meeting was scheduled to begin they learned the district would be receiving this additional state aid.

During the meeting, board members agreed to use $225,000 of this additional revenue to reduce the tax burden for local residents. They applied $100,000 to the unappropriated fund balance and added $381,000 to the general fund to be used for additional programming or staffing needs.

A public hearing on Gloversville’s proposed budget is scheduled for 7 p.m. on May 8 in the middle school auditorium, and residents will then vote on the proposed budget on May 15.

State budget settled just in time for Gloversville
Superintendent Daniel Connor left his office on Friday, March 30, thinking Gloversville schools would receive no additional state aid under the pending state budget. He returned on Monday to find a faxed message from Sen. Hugh Farley letting him know Gloversville would receive $706,000 more aid than originally projected.

“During these difficult times, we want to thank the entire school community for their continued support,” Supt. Connor said. “And the district would also like to thank Sen. Farley and our assemblyman, Marc Butler, for their extra efforts in getting us this aid.”

The additional state aid came as a surprise because district officials had been told not to expect an increase to come out of the budget negotiations between Gov. Eliot Spitzer and members of the state Legislature, who finalized the state budget by the April 1 deadline.

“The extra aid is certainly welcome and will go a long way toward helping us maintain our high quality and solid education programs, while also keeping the tax increase well below the Consumer Price Index,” Supt. Connor said.

The Consumer Price Index measures the increase in prices in certain goods during a fixed period of time, and is used as a tool to measure the rate of inflation. It is also referred to as the cost of living index.

Under Gloversville’s proposed budget, all existing educational programs now in place would be continued next year. Key areas where spending would increase include:

  • Public and private special education placement costs, which are projected to increase by $690,000;

  • Salaries and benefits, projected to increase by $1.1 million; and

  • Debt service payments related to the 2004 district capital project, which are projected to increase by $3.3 million. These payments are reimbursed by the state and therefore will not affect the actual tax levy.

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This page is maintained by Len Martin according to Web publishing guidelines used by the Gloversville Enlarged School District. All rights reserved. This Web site was produced by the Capital Region BOCES Communications Service, Albany, NY © 2004.