During its meeting on April 3, the Spencerport School Board of Education adopted a budget for the 2012-13 school year, according to a district press release.
The expenditure plan, which will be presented to voters on May 15, includes: $69,026,404 budget, an increase of 0.46 percent or $316,174, from the current year; a tax levy of $33.4 million, an increase of 2.13 percent which is less than the maximum allowable tax levy with exclusions; a 1.96 percent projected increase in the tax rate or $23.86 per $1,000 of assessed home value, an increase of $0.46 per thousand.
Superintendent Michael Crumb stated in the press release that the budget proposal maintains academic programs, continues the multi-year approach to the use of reserves, and addresses the state’s new tax levy limit regulation.
“This has been the year for introducing the state’s new tax levy limit, and communicating that the limit for Spencerport equates to 2.47 percent and we are proposing a tax levy that is less than our allowable limit,” Crumb said. “The levy limit is calculated using an 8-step formula provided to us by the state, but it is the tax rate that impacts a homeowner’s tax bill (above).”
“The restoration of some of the state aid funds has also helped us to offset the loss of $1.1 million in federal aid this year, and we remain on track with the planned, multi-year use of reserves and appropriated fund balance to insulate our community as much as possible.”
The 2012-13 budget also includes the use of $2.4 million in reserves, and the use of $468,594 of appropriated fund balance.
In addition to the budget, the district will be asking the community to authorize the use of $321,331 to purchase nine schools buses and four facilities vehicles. Also, a $9.8 million capital project is being proposed for the maintenance and improvements of district buildings and grounds along with authorization to use $1.975 million of the capital reserve to virtually offset all local expense.
Budget details can also be found on the district website www.spencerportschools.org.
