Budget Archives

Voters approve 2017-18 budget and propositions

On May 16, 2017 Schoharie Central School District residents voted 389-143 to approve a proposed $23,415,819 budget for the 2017-18 school year, which is a 73 percent approval rate.

The proposed budget called for an increase of 2.31 percent ($528,762) over the 2016-17 school year’s budget and contained a tax levy decrease of $15,504 (0.19 percent), which conformed to the district’s tax levy limit (cap).

The budget continued to fund improved curricula in English language arts, reading and math for grades K-6. It also included funding for a specialized reading intervention program for students in grades 4-8.

The budget reflected a state aid increase of $251,771 (2.29 percent) over the 2016-17 fiscal year.  Adjustments in employee salaries and benefits per negotiated agreements accounted for most of the budget increase.

District residents also approved:

  • A $19,875,000 capital renovation and reconstruction project proposition by a vote of 375-156, a 71 percent approval rate.
  • A proposition to establish a capital reserve fund to cover the local share of the cost of the project using the district’s available fund balance, by a vote of 397-133.
  • A proposition to purchase four school buses as part of the district’s ongoing bus replacement program by a vote of 405-128. The buses included two 66-passenger buses, one 30-passenger bus and a minivan at an overall cost not to exceed $305,000. The district is eligible to receive approximately 73.2 percent of the purchase price in state aid over a five-year period to reduce the cost of borrowing.