Search Sponsored by:
Friday, August 26, 2016
Speculator, NY ,

IL school budget is under tax levy cap

Friday, April 19, 2013 - Updated: 2:18 PM


Express News Staff

INDIAN LAKE - The Indian Lake Central School District Board of Education had approved a 2013/14 budget.

Though the budget is up $160,510 (2.75 percent) over 2012/13, with the restoration of about $180,000 in state aid it results in a tax levy that comes in under the school's cap with a 3.19 percent increase. The school's cap for this year under the state formula is 3.26 percent.

Comparing the 2013/14 budget to the 2012/13 budget shows $1,504,900 in estimated revenues, up $21,988 or 1.48 percent from 2012/13's revenues of $1,482,912.

Subtracting estimated revenues of $1,504,900 from appropriations of $5,983,341 leaves $4,478,441 to be raised by the tax levy.

The 2012/13 tax rate was $6.65994 per $1,000 of assessed value. The estimated tax rate in the proposed 2013/14 budget is $6.8725 per $1,000 of assessed value.

This means the school tax on a property assessed at $100,000 would rise an estimated $21.26, from $665.99 in 2012/13 to $687.25 in 2013/14.

With the budget approved at a special meeting April 10, the board held a relatively short regular meeting April 16.


Superintendent Mark Brand mentioned two families are interested in becoming host families for foreign students, should Indian Lake be successful in its quest to enroll foreign students.

Brand also said he will be talking with schools to develop unified tuition fees for foreign students. Currently, Indian Lake is planning to charge $9,000 per student while Newcomb Central is thinking of raising its tuition to $13,500 per student.

Under federal law foreign students attending a public high school in the United States must pay the school the full, unsubsidized, per capita cost of providing the education to him or her.


-- As of April 16 no one had submitted an application to run for the BOE seat being vacated by Patrick Mahoney, who is not seeking a second five-year term.

-- Genevieve Boyd was approved as a volunteer assistant modified baseball coach and April Gallagher was approved as a substitute custodian.

-- The board approved the all sports merger with Long Lake Central for the 2013/14 school year.

The BOE is scheduled to next meet Tuesday, May 21, starting at 7 p.m. in the cafeteria. This is the same date as the vote on the budget and the spring concert.


Comments made about this article - 0 Total

Comment on this article


Copyright © McClary Media, Inc.

Privacy Policies: Hamilton County Express

Contact Us