LATHAM In a budget season that has had few surprises for this district, it is no surprise that the North Colonie Board of Education has voted to approve a final version of the $101.3 million budget spending plan. The budget includes a proposed tax levy increase of 3.6 percent, which is within the district’s tax cap limit.
“The board was actively involved and had knowledge of the budget. The budget maintains programs, is fiscally responsible and stays within the tax cap,” said Superintendent Joseph Corr.
Corr said the board of education keeps close tabs on the school’s financial situations and monitors it throughout the year, so no unexpected issues come up.
“We received an increase of $522,000. We had been expecting less. It seems that the final state budget deliberations called for an increase in aid to schools and more aggressive effort to attack the GEA,” said Corr.
The increase in aid will prevent the school from taking more money out of its savings in the next year to help balance the budget.
“We can’t continue to delve into our reserves. The increased aid would be put back into the reserves,” said Corr.
Corr attributes the increase in aid to many different sources. He said he thinks some legislators and maybe even the governor listened to concerned parents and school officials. Many people were concerned with the negative impact budget cuts would have on the quality of education students received.
This proposed budget will be formally up for adoption by the board on April 22 and will go before the public for a vote on May 20.
Within the 2014-15 budget, there is no loss of staffing or programming.