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District considers tax rate options

This option represented an estimated 3.76 percent tax rate increase for homeowners.

All members of the board voted in favor of the 3.76 percent tax rate increase for homeowners, on the premise that the 1 percent base cap would not be moving forward, except Sandy Pangburn, who was physically absent from the meeting, though she listened in via telephone.

Should the 1 percent base proportion cap have passed and been signed by Gov. David Paterson, the tax rate for homeowners would be at an estimated 3.09 percent increase.

The options were presented to all board members via a memo that was prepared by North Colonie Central School District Treasurer Steven Zautner on Wednesday, July 30. At the meeting, board member Linda Harrison praised Zautner for his extensive work on the memo.

"I just want to say, I thought the numbers were very clear and easy to understand and grasp," she said. "I thought it was an excellent memo."

Superintendent of Schools Randy Ehrenberg said she was pleased with the 3.76 percent tax rate increase for homeowners, as it is what the district had promised voters.

Ehrenberg said that having this option to present to homeowners in the district is "real good news" for the district, and that it is lower than what was roughly estimated a few months ago.

The North Colonie Central School District will vote on the 3.76 percent tax rate increase for homeowners at its next meeting on Monday, Aug. 25, to make it official.""

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