What are the factors impacting development of the proposed 2010-11 budget?

0
Posted

What are the factors impacting development of the proposed 2010-11 budget?

0

A national recession and a State budget crisis are major factors in the development of the Hilton School District’s 2010-11 budget. Utility costs, potential changes in state aid allocations or reductions, contractual obligations, BOCES’ charges, retirement costs, and health costs are priority items under consideration. New York State has been particularly hard hit by the recession and faces a budget deficit. Federal support to public schools through the American Recovery and Reinvestment Act [federal stimulus] is specifically-targeted funding within each school district. How are school taxes determined? School tax is computed using the school tax levy, property assessment and equalization rates. The Hilton Central School District uses property values provided by the four towns in the school district Parma, Greece, Clarkson and Hamlin to levy taxes. Each property within a town is assigned a value by the town assessor. The New York State Office of Real Property Services evaluates each to

Related Questions