State real property tax law states that school districts may retain in reserves up to 4 percent of their next year’s operating budget.
Amo said having so little fund balance at the end of next school year could make 2014-15 a difficult year financially.
The Beekmantown Central’s calculated tax-levy limit is 4.2 percent; the budget proposal calls for a levy increase of 3.5 percent.
However, the district is currently involved in contract negotiations with three of its collective bargaining groups, the results of which could mean savings for BCSD and allow the school to decrease the tax levy before it is officially set in August, Amo said.
The results of the contract negotiations, he added, could also have a positive impact on the district’s finances in future years.
“Negotiations are a critical feature,” Amo said.
The Beekmantown School Board is expected to adopt the 2013-14 spending plan at its next meeting, scheduled for 6:15 p.m. Tuesday in the Middle/High School Library.
Email Ashleigh Livingston:email@example.com