By Melanie Lekocevic
Capital Region Independent Media
GREENVILLE — The district and the board of education are hashing out the preliminary school budget for the 2025-26 school year.
The preliminary budget was discussed at the Feb. 24 board of education meeting, where the second of three components — the program component — was presented to the board of ed.
The state’s tax cap, which limits how much of a tax increase a school district can levy, will be a 1.83% increase over last year’s tax levy.
The allowable tax cap for the 2024-25 school year was 3.17%, and the district came in at a 2.5% tax-levy increase, Assistant Superintendent for Business Todd Hilgendorff told the board.
“While it is called the 2% tax cap, that does not mean it is automatically 2%,” Hilgendorff said of the state mandate. “There are all these different pieces of data that go into the formula, and we get what is our allowable tax cap.”
This year’s tax cap of 1.83% comes in lower than last year’s cap of 3.17%.
“If we were to go above that 1.83% for the tax levy, we would need a super majority vote when it comes to the budget vote in May,” Hilgendorff said.
A supermajority vote means at least 60% of voters must approve the budget.
The 2025-26 budget is still preliminary and can be expected to see changes over the next few weeks, but the preliminary budget currently stands at $38,015,418, an increase of $2,029,047, or 5.64%, compared to last year.
As the budget currently stands, if the school district were to adhere to the 1.83% tax levy increase, there would be a deficit of $484,459, Hilgendorff explained.
The deficit would be even steeper if the board of ed wants no tax levy increase this year.
“With a 0% increase, we would have a deficit of $825,000, meaning $825,000 would have to be cut out of the preliminary budget which was presented to you tonight,” Hilgendorff told the board of education.
To keep everything in the budget as it currently stands would require a tax levy increase of 4.43%, with a super majority vote of 60% required in May, he said.
The district is still working on the budget and changes are expected to be made in the coming weeks before the tentative budget is approved by the district in April. The final step will be May 20 when voters head to the polls.