Plattsburgh City School District

2013-2014 Budget Presentation

Budget Overview

2012-13 2013-14 ChangeBudget 37,812,744 39,632,807 4.8%

Revenues 16,074,295 16,740,881 4.2%

Reserves 1,900,000 2,565,000 35%

Tax Levy 19,833,758 20,326,926 2.49%

Tax Rate 21.56/1,000 * 22.10/1000

* Note: Tax impact estimate does not assume any increase in the total taxable assessed value for the City. Total valuation will not be known until June, but in the past, an increasing tax base has yielded a tax rate increase which is lower than the tax levy increase.

Revenue / Fund Balance & Reserves

• State / Federal Aid $16,026,381• Local Revenue $ 714,500• Fund Balance $ 1,900,000• (ERS) Reserve $ 665,000• Tax Levy $20,326,926

• Total $39,632,807

Revenue / Fund Balance & Reserves

Expenditures

• Administrative $ 3,747,749• Program $ 30,637,013• Capital $ 5,248,045

• Total $ 39,632,807

Estimated Contingency = $39,139,639 (- $493,168)

Expenditures

Estimated Tax BillAverage single family home assessed value per City Assessor Office is $145,400 2012-13 2013-14 Change

$3,135 $3,213 $78

See table in newsletter for greater detail

•Calculated Tax Cap for 2013-14 is 5.58%, yet budget proposal is set below the cap at 2.49%

•2012 2.48% levy increase yielded a 0.96% rate increase due to increased assessed values

Without STAR Exemptions

Board Membership Elections

• Two Open Seats– 5 year term, conclusion of term completed by

Mrs. Amelia Goerlitz – 5 year term, conclusion of Mr. Steven

Sullivan’s term

– Amelia Goerlitz, Ronald A. Marino, Walter Peter Chmura, Robert Dolan, Kathie Cameron-Murray

May 21, 2013

• Polls open between 7:00 AM – 8:00 PM

• Voters must be registered with the County Board of Elections, 18 years old and City residents

• Poll locations – a slight change following City Ward redistricting (see newsletter or webpage for details)

Additional Materials

• Previous Hand Outs • See District Webpage

• State Required Budget Binders• Line Item Budget

• School Report Cards from the State Education Department

• Mailings• Budget Newsletter (already mailed)

• School District Budget Notice

• Voting Location Postcard