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2019-20 Budget Information

Corinth CSD School Budget Vote & Board of Education Election is Tuesday, May 21, 2019 at the Elementary School on Center Street from 7 a.m. to 8:30 p.m. More information about the proposed budget is below:

Budget Highlights

  • Budget total: $22,766,605 (increase of $920,800, or 4.21%, over previous year)
  • Proposed tax levy: $9,550,000
  • Proposed tax levy increase: 3.8%
  • Tax levy limit established by NYS: 4.1%

2019-20 Budget Documents

2019-20 Budget Calendar

February 12: Board of Education Budget Workshop, 6:00 p.m. in the BOE room in the Middle School

March 12: Budget Committee Workshop, 5:30 p.m. prior to BOE meeting (closed meeting)

April 9: Budget adopted by the Board of Education, 6:00 p.m. in the BOE room in the Middle School

May 14: Board of Education Budget hearing, 5:30 p.m. in the BOE room in the Middle School

May 21: Budget Vote, 7am-8:30pm, at the Elementary School

Revenues and Spending

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

Revenues

Expenses pie chart

Spending

Spending pie chart

 

Budget Development

Meeting students needs outside the classroom

In addition to improving the district’s academic program in 2019-20, the proposed budget would:

  • Address students’ social-emotional wellness and mental health with the addition of another social worker to help to bridge school, home and community to improve educational outcomes;
  • Add a training service and scheduling program to strengthen the athletic program; and
  • Add a robotics club at the middle and high schools.

District stays fiscally conservative

Throughout the spring, district leaders remained committed to developing a budget that improved academic and extracurricular opportunities for students while also staying below the tax cap, as they have done for the past five years.

The 2019-20 proposed budget reflects this commitment by staying below the cap and including the use of $69,279 in fund balance and $50,000 in reserves.

Through responsible planning, the district has reduced its deficit from $1 million in 2016-17 to $129,000 in 2019-20.

As a result of these efforts, the district was removed from the New York State Comptroller’s Office Fiscal Stress Designations list. The designations identify school districts at risk of fiscal stress based on several financial indicators including fund balance levels, operating deficits, cash-on-hand and reliance on short-term cash-flow borrowing.

Propositions

In addition to the proposed budget, the May 21 ballot includes two additional propositions:

  • The purchase of school buses for a total not to exceed $245,000
  • Funding for the Corinth Free Library
  • Elect two candidates to the Board of Education. Board members serve five-year terms on the seven-member board. Candidates for the two positions are:
    • Jennifer Bourdeau
    • Louis Lueck (incumbent)

Budget Basics

Get an overview of the school budget development process (PDF).

Get an overview of how districts balance their annual school budgets (PDF).

**Please note: if you have trouble accessing the below PDF documents, please contact the Business Office at (518) 654-9005, ext. 3403.