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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 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 13: Board of Education Budget hearing, 6:00 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

Revenues pie chart

Spending

Spending pie chart

 

Budget Development

District leaders remain committed to developing a budget that remains within the tax cap, as it has for the past five years, 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 minimize increases to the tax levy, the district will use $69,279 from the Fund Balance and $50,000 from Reserves.

The Corinth Board of Education and administration have also worked to contain spending and maintain a fiscally responsible budget over the past three years, because of this Corinth was removed from the New York State Comptroller’s Office fiscal stress list this year. Their continued efforts have also reduced the district’s deficit from $1 million to $129,000 over the course of three school years while continuing to grow student opportunities.

Propositions

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

  • The purchase of school buses for a total not to exceed $245,000
  • Funding for the Corinth Free Library

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.