2020-2021 Budget Planning – Working Budget Topics: Tax Levy Limit Calculation, Debt Service & Bus Proposition

February 24, 2020 | Board of Education Meeting

Budget Updates

• 6 confirmed MTA retirements
• Final proposed rate of 9.53% for Teachers’ Retirement System (TRS)
• Reduction in BOCES SPED Classroom Rentals in 2020-21

Tax Levy Limit

• 3.19% is the maximum allowable limit for 2020-21 as determined by the New York State Formula
• To exceed this limit would require a 60% or greater supermajority taxpayer vote

Exclusions in the Formula

• Voter-approved local capital expenditures
• Increases in the contribution rate to TRS (Teachers’ Retirement System) or ERS (Employees’ Retirement System) over 2%
• Certain court orders or judgments which exceed 5% of the current tax levy

PROJECTED Mohonasen Tax Levy Limit Calculation

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Tax Levy Limit

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Impact on Taxpayers

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Bus Proposition

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Board of Education Vacancies

• Two (2) “at large” seats
• Three-year terms
• At least 25 signatures required on petition
• Petitions are currently available in District Office
• Petitions are due back to the District by Monday, April 20 at 5 p.m.

Next Steps

Upcoming BOE Meetings:

• March 9, 2020, 7 p.m.
  • • BOCES, Employee Benefits and General Support (Operations and Maintenance, Transportation)
• March 23, 2020, 7 p.m.
  • • Instruction and Revenue
• April 6, 2020: Adoption of Budget Proposal
• May 19, 2020: Annual Budget Vote and BOE Election

Pupil Transportation

2019-20 PROPOSED Bus Purchase Requests

Bus Fleet Replacement Schedule and factors to consider:

• Maintenance costs of buses, larger cost for older buses
• Increased potential for large repair costs with older buses
• New buses are more efficient, environmentally conscious
• Move to gasoline for larger buses will be neutral for mileage costs, but save on maintenance
• New buses have better, more comprehensive camera systems and newer safety features, including LED strobe lights and child check safety feature

PROJECTED Mohonasen Tax Levy Limit Calculation

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Use of Debt Service Account

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Calculating the Capital Exclusion

View the chart in the accompanying PowerPoint. If you would like an accessible version of this chart, please contact communications@mohonasen.org.

Exclusions in the Formula

The only exclusion available to Mohonasen for 2019-20 is the Capital Tax Levy Exclusion

• Amount of the exclusion is the difference between voter approved Capital Expenses (construction projects and bus purchases) and the aid received for those same expenses.
• ESTIMATED – total approved Capital Expenses in 2019-20 are $6,111,034
• ESTIMATED – total aid to be received related to those expenses is $4,553,485
• $1,557,549 is the allowable exclusion that is be factored into the tax levy limit calculation.