On Monday, April 15, the Gloversville Enlarged School District Board of Education adopted a $67,047,457 budget for the 2019-20 school year.
Residents will vote on the proposed budget on Tuesday, May 21.
The proposal carries a property tax levy increase of 2 percent, which is below the district’s allowable limit of 6.21 percent as calculated under the state’s “tax cap” formula. As a result of being within the cap, a simple majority (50 percent plus one vote) is needed for approval.
“Our proposed budget maintains all our current academic and extracurricular programs and provides for several new opportunities to help our students succeed,” said Superintendent of Schools David Halloran. “We’re also planning for our future by taking steps now to reduce cost increases and properly maintain our facilities.”
If approved, spending would increase $2.5 million, or 3.96 percent. The majority of the proposed increase is due to debt service payments associated with the capital project approved by voters in 2015. Those costs are being reimbursed to the district through State Building Aid.
Also new in the proposed budget is a buildings and grounds position, which will help the district maintain its newly renovated buildings and expanded facilities, and the purchase of a new plow truck and commercial floor cleaning equipment.
Among the savings in the proposed budget are $1.3 million in reductions associated with switching carriers for the retirees Medicare Advantage Plan and lower than expected premium increases for employee health insurance.