On May 18, qualified residents of the Broadalbin-Perth Central School District will vote on a proposed $38,760,750 budget for the 2021-22 school year. The proposed budget calls for no tax levy increase.
The proposed budget represents a 7.98% spending increase from the 2020-21 school year. Two-thirds of that spending increase is a direct result of the 2016 capital project; Broadalbin-Perth will begin the 15-year payback period on the last $28.7 million of the project during the 2021-22 school year. The district will see a proportionate increase in state building aid, which is paying for 80% of the project costs.
Although the local share of the 2016 capital project is expected to increase approximately $250,000 during the 2021-22 school year, members of the Board of Education voted to use appropriated fund balance and debt service reserves to cover that increase, eliminating the need to raise taxes for the coming year.
A simple majority of voters (more than 50%) is required for budget approval.
All in-person voting will take place at the Robert C. Munn Gymnasium at B-P Senior High School, 6 a.m. to 8 p.m. on Tuesday, May 18. Absentee ballots are available and may be requested by calling the district office at 518-954-2501.
The post No tax levy increase in proposed 2021-22 budget appeared first on Broadalbin-Perth Central School District, Broadalbin, NY.