BRONXVILLE, N.Y. – The Bronxville Board of Education will keep the budget below the state tax cap, as it adopted a $45 million budget.
After budget workshops that began in the fall and continued until a few weeks ago, the board adopted a $45,359,909 budget, which represents a budget-to-budget increase of 2.53 percent and a tax levy increase of 2.44 percent.
The tax levy increase is below the calculated tax cap of 3.23 percent, in which debt service and excess retirement contributions are exempted.
Among the key drivers of the budget increase were the mandatory retirement increases and health benefit premiums, state mandates that are outside of local control, school officials said.
Budget pressures were eased by voluntary wage freezes by administrators, a retirement incentive and a $100,000 increase in state aid that all made their way into the final budget.
There will be a final budget hearing on May 9, with the statewide budget vote on May 21. A budget information bulletin will be distributed to residents in a few weeks.
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