Budget & Taxes
2023-24 Budget Information
At a Glance
Proposed Budget
$146,986,870
Estimated Tax Rate Increase
1.95%
Tax Levy Increase
2.80%
Estimated Property Tax Rate
Tax Rate per $1,000 of Taxable Value
2022-23 $26.63 Actual
2023-24 $27.15 Projected
Tax rates for next year are estimates only. The district will set final tax rates in August based on final assessment figures provided by the Town of Colonie Assessor and equalization rates provided by the State Office of Real Property Services. To learn more about the Tax Levy Cap.
2023-2024 Budget Statement and Attachments
2023-24 Budget Statement and Attachments
Questions Answers
Q: What is the difference between tax levy and tax rate?
A: The tax levy is the total amount of taxes that a school district raises from property owners within the district in order to balance its budget. The district determines what the levy will be after accounting for all other sources of revenue, including state aid. The tax rate is used to
calculate what each property owner will pay in school taxes.
Q: If the tax levy is increasing by 2.80%, why is the tax rate only going up by an estimated 1.95%?
A: Growth in taxable property values due to new development and higher home values spreads the tax levy over a larger tax base. Preliminary information shows an estimated increase of 0.85% in the district’s tax base; therefore the tax rate is estimated to increase by 1.95%.
Budget Meetings
All meetings (unless noted otherwise) will be in-person and held in the Training Room at the North Colonie Central District Office, 91 Fiddlers Lane, Latham.
- Monday, March 6, 7 p.m. (View March 6 Recording)
- Monday, March 20, 7 p.m. Budget Committee (View March 20 Recording)
- Topics: Facilities, custodial and transportation; Debt Service; Interfund Transfers
- Wednesday, March 22, 7 p.m. Budget Committee (View March 22 Recording)
- Topics: Instructional Technology & Technology Equipment, Smart Schools Bond Act
- Monday, April 3: 7 p.m. at Shaker Middle School Auditorium (View April 3 Recording)
- Topics: Staffing, Anticipated Building Enrollment, and New Programs and Initiatives
- Wednesday, April 5: 7 p.m. Shaker Middle School Auditorium (View April 5 Recording)
- Topics/Action: Proposed Budget Review, Updated Tax Cap, Property Tax Report Card, Approval of Schedules, and Board formally adopts the proposed budget.
- Wednesday, May 3: 6:30 p.m. Shaker Middle School Auditorium (View May 3 Recording)
- Topic: Budget Hearing
Budget Vote
Tuesday, May 16: 6 a.m. – 9 p.m. District Office, 91 Fiddlers Lane, Latham.
Voting by Absentee Ballot
Voters can cast an absentee ballot if out of town or unable to vote in person due to illness, disability, duties related to the primary care of ill or disabled individuals, or an admitted patient in the hospital. You must complete an application to receive an absentee ballot.
Application for Absentee Ballot 2023
Military Ballot Application 2023
Please:
- Print the application;
- Complete in handwriting;
- Scan; and either
- Email DistrictClerk@nccsk12.org or drop off/ail to: District Clerk, 91 Fiddlers Lane, Latham, NY 1210 (NCCSD District Office).
NOTE: You may also request an application for an absentee ballot by contacting Emily Trombley, District Clerk at 518-785-8591 ext. 3126 or email DistrictClerk@nccsk12.org.
Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA) and the American Rescue Plan Act (ARPA)
The North Colonie Central School district is slated to receive $5,668,835 CRRSA funding and $3,645,061 ARP funding, which were authorized under Federal legislation.
This funding will be used toward sustaining safe operations of our schools while addressing academic, social, emotional and mental health needs of students resulting from the COVID-19 pandemic.
Working with the Board of Education, district administrators sought public comment from parents, teachers, students and other stakeholders. The district reached out directly by email soliciting questions, ideas and concerns – and held public hearings and forums to get the input they used to devise the plan.
Please see the attached presentation regarding the planned use of the funding. The North Colonie Central School District plan is available here.
Budget Development
Fall
- Review enrollment data, facilities and related needs, building allocations and needs, district staffing, long-range budgetary plans and the debt service schedule
- Present budget development calendar to the Board of Education for adoption
Winter
- Administrators and supervisors review staffing, facility, construction, budget allocations and special needs requests
- Departments review their budgets, staffing and long-range needs
- Present preliminary budget forecast and budget assumptions and review the governor’s executive budget proposal
- Budget presentations and work sessions
March
- Board candidate petitions available
- Final review of budget proposal by Board of Education
April
- Legal ads published for annual meeting (45 days prior to vote)
- Board candidate petitions due by statutory deadline
- Budget adoption by statutory deadline
- Property Tax Report Card due to SED and newspaper
- Publicize budget information and hold budget informational meetings
May
- Conduct voter registration 5-14 days before vote
- Budget Hearing held 7-14 days before vote
- Mail budget notice after budget hearing, but no later than six days before vote
- Budget vote and board election
