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The proposed $45.4 million budget represents more than $500,000 in savings from the $46 million budget that was presented to the community in December.
Board President David Brashear said that the increase in state mandated prison contributions put the members in “uncomfortable territory,” but pledged to bring in a “reasonable budget.” The proposed budget is $1.2 million higher than last year.
The district would save more than $200,000 stemming from a teacher retirement incentive. The proposed budget would also benefit from a multi-year voluntary wage and merit pay freeze offered by administrators.
There would be a 3.1 percent tax levy increase, slightly below the adjusted tax cap of 3.2 percent. The calculated tax levy cap would sit at 3.23 percent.
The estimated tax rate increase of the proposed budget would be 1.5 percent. A $1 million home in the village would be taxed at a rate of $14.2817 per $1,000 of assessed value, leading to $14,282 in school taxes, a tax bill increase of $211 from the previous year.
There are still several proposed changes being mulled that would lower the budget further. The board is discussing reducing physical education staffing, adjusting the Middle School advisory program and consolidating world language classes with low enrollment. Private school transportation continues to be a concern, Superintendent David Quattrone said.
The Board of Education’s final budget will be adopted on April 18.
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