During the district’s final school budget workshop on Tuesday, April 12, superintendent Dennis O’ Hara presented the final 2022-23 budget proposal to the community. On an averaged assessed value of $45,000 the increase will be $195.67 for the year ($16.31 monthly).
“I am very proud of this budget and excited about all of the services and programs it will provide students,” O’Hara said.
Additionally, the district is seeking to create a capital reserve fund, which is similar to a savings account, for future capital construction needs. This reserve will provide funding for a “Local Share” of future capital projects that are approved by the voters. The district is asking the community for approval only to establish this reserve. The reserve would come at no additional cost to taxpayers. The district is also seeking community approval to create a repair reserve fund. This reserve fund would be used for certain nonrecurring repairs to capital improvements or equipment. Expenditures from this reserve may only be made after a public hearing, except in an emergency situation. If a public hearing is not held, the funds must be repaid to the reserve over the next two subsequent fiscal years. The repair reserve fund would come at no additional costs to taxpayers. To view the entire slideshow shown at the April 12 meeting visit islipufsd.org. A public hearing on the proposed 2022-23 budget will take place on Tuesday, May 3 in the high school auditorium at 7:30 p.m.
On Wednesday, April 13, assistant superintendent for business Stephen Harrison presented the third and final budget presentation to the board of education. The 2022/23 allowable tax levy is $73,673,246 for a change of $681,647 or 0.93 percent. On an averaged assessed value of $40,000 the increase will be $72 for the year. The district is also asking the community to vote to use money from the capital reserve. The reserve has $5,951,633 and requires voter approval to spend. The district is seeking to spend money on district-wide electrical upgrades to support air conditioners in classrooms, additional bathroom renovations throughout the district, creation of a bus loop at the high school, additional renovation of the music/theater area at the high school, and paving repairs at various locations. The budget hearing will be on May 3 at 7 p.m.
No comments on this item Please log in to comment by clicking here