Press-Republican

Local News

May 2, 2013

Malone Central School District eyes 4.97 percent tax-levy hike

MALONE — The tax levy will go up 4.7 percent if voters approve the 2013-14 Malone Central School District budget.

That amount to be raised by taxes is $12,691,603. The overall budget is $46,524,369, also an increase of 4.97 percent.

Business Administrator Timothy Whipple said the district could have raised taxes by nearly 8.6 percent and still remained within the allowable 2 percent property-tax-levy cap mandated by the state because of certain allowable expenses.

But the board opted to trim taxes and use $1.2 million from the unrestricted fund balance instead.

One of the largest pieces of the proposed budget is the $648,693 the district must contribute to the Teacher Retirement System and another $59,671 toward its Employee Retirement System.

Those expenses alone represent more than 30 percent of the proposed $2.2 million budget increase.

The district historically does not provide proposed tax rates per $1,000 of assessed-property value because assessments have not yet been set, but the figures adopted for 2012-13 were: Bangor, $15.41; Bellmont, $15.41; Brandon, $17.13; Burke, $24.79; Constable, $139.30; Duane, $18.09; Franklin, $15.41; Malone, $18.19; and Westville, $18.57.

Residents will be asked to vote on a proposition to purchase five school buses at a cost not to exceed $525,000.

District residents will also choose three School Board members. Two five-year terms and one unexpired three-year term are up for election.

A public hearing is set for 7 p.m. Tuesday, May 14, in the Franklin Academy library.

Voting will be from noon to 8 p.m. Tuesday, May 21, in the Franklin Academy gymnasium.

Email Denise A. Raymo:draymo@pressrepublican.com

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