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Budget Information
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Inside North Colonie Special Edition Budget Issue
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Budget
News
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Budget Development Timeline
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Budget
Presentation Dates
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Highlights of
the Proposed Budget
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Glossary
of Budget Terms
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2007-08 Budget Recap
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Board
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Annual
School Board Election & Budget Vote
Tuesday,
May 20, 2008
9 a.m. to 9 p.m.
Polls open
at area elementary schools.
Maplewood residents vote at Goodrich School. |
Board of Education
adopts 2008-09 proposed budget
The North Colonie Central School District’s
Board of Education adopted an $88,439,000 proposed budget for the
2008-09 school year at its March 24 board meeting.
District residents will vote on the proposed budget on Tuesday,
May 20, from 9 a.m. to 9 p.m. at all elementary schools.
Maplewood residents vote at Goodrich School. In addition, voters
will select three members to the Board of Education.
The proposed budget would result in an estimated
tax rate increase of 3.76 percent—the smallest proposed increase in
a decade. This translates into an increase of $102.72 for the owner
of a home assessed at $150,000 or $170.88 for the owner of a home
assessed at $250,000.
“We are all truly committed to both maintaining a strong academic
program and continuing to support the tradition of prudent fiscal
responsibility,” said Superintendent Randy Ehrenberg.
For the first time, the proposed budget incorporates expenses and
revenues associated with the Maplewood-Colonie Common School
District, which will officially become a part of the North Colonie
Central School District on July 1, 2008. The annexation will
generate the receipt of more than $30 million in New York State
Operating Incentive Aid over the next 14 years and a significant
increase in state building aid for North Colonie.
The proposed budget includes the transfer of $887,000 from district
reserves to help pay for the capital project, approved by voters in
March 2008. The project, largely funded, by state EXCEL aid,
includes infrastructure repairs and improvements throughout the
entire school district.
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