Hamilton County School Districts will reap more state aid from the approved state budget and the increases should help ease budget constraints as district leaders prepare final school budget proposals.
Indian Lake Central School Superintendent Mark Brand said, “The revenue restoration and increase will bring our anticipated tax levy down close to the tax levy cap. Hopefully we can end up at or just under the cap.’
Brand was also eager to add, “Other good news for us this week - we received approval on Monday to issue F-1 Visas for international students.’
BY THE NUMBERS
The good news was sweetened by the fact that before budget negotiations began, Hamilton County schools were preparing for cuts in state aid of 28% for Lake Pleasant, 27% for Long Lake, 16% for Indian Lake, and 1% for Wells.
Now, instead of decreases, the final budget will result in an increase in state aid (excluding building aid) of 14.19% for Wells, 12.91% for Indian Lake, 9.27% for Long Lake and 8.27% for Lake Pleasant.
Indian Lake Central school aid is going up from $618,468 in the 2012/13 budget to $728,2015 for the 2013/14 budget.
Long Lake Central is going up from $405,157 to $441,438.
Lake Pleasant Central is going up from $538,197 to $579,479.
Wells Central is going up from $956,754 to $1,082,190.
When the school boards meet next in April, they will take these increases in state aid to determine how best to use the money to educate the students and come up with a budget to win approval from the voters.