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Corinth Central School District voters approved a proposed $21 million budget on May 15. More information about the proposed budget is below:

Budget Proposal Highlights

  • Budget total: $21,845,805 (increase of $745,345, or 3.53%, over previous year)
  • Proposed tax levy: $9,200,000
  • Proposed tax levy increase: 2.76%
  • Tax levy limit established by NYS: 2.8%

Revenues and Spending

The proposed budget can be broken down into expected revenues, and proposed spending: 

Revenues

State aid: 55.4%; Local taxes: 42.1%; Reserves/fund balance: 1.5%; Other revenue: 1%

Spending

  • The Program component includes expenses for curriculum development, instructional programs, supplies, district transportation, athletic programs, community service, most employee benefits and transfers of funds.
  • The Capital component includes most expenses for plant operations, all maintenance, debt service, and principal and interest on all building projects.
  • The Administrative component includes expenses for Board of Education, central administration, finance and legal services, personnel, public information, some plant operations, central services, special items, supervision of regular school and some employee benefits.

Budget Development

District leaders remain committed to developing a budget that remains within the tax cap, while also maintaining opportunities for all students. As the district provides services to an increasing number of students with special needs, some costs have increased accordingly. To remain below the tax cap, the district will use $235,940 from the fund balance and $100,000 from reserves.

The Corinth Board of Education and administration have also worked to contain spending for the 2018-19 school year. Ongoing efforts include:

  • Participating in a health insurance consortium;
  • Purchasing through the BOCES cooperative bidding service;
  • Sharing communication services through BOCES;
  • Seeking grants to reduce the cost of programs and inspire student achievement; and
  • Sharing transportation to special schools with nearby districts.

Propositions

In addition to the proposed budget, the May 15 ballot included three additional propositions:

  • The purchase of school buses for a total not to exceed $250,000
  • Funding for the Corinth Free Library
  • Creation of a Bus Purchase Reserve Fund.

The reserve fund would help the district fund future bus purchases without the need to borrow money, thus saving interest and closing costs.