RYE BROOK, N.Y. The Blind Brook Board of Education unanimously adopted on Monday the districts recommended 2012-13 budget. The adopted spending plan totals $39,960,322, a 0.94 percent step up from the 2011-12 adopted budget, with a 1.32 percent property tax levy hike that is compliant with the cap set by the state.
In his preliminary February forecast of the 2012-13 budget, Superintendent William Stark presented a property tax levy of 1.71 percent.
In June of last year, state lawmakers passed legislation that placed a 2 percent cap on the increases property tax collectors could levy on citizens. Although the cap is known as the 2 percent tax cap, the formula used to calculate each individual school district or municipality's cap fluctuates both north and south of the 2 percent figure.
According to Assistant Superintendent of Finance Jonathan Ross, the Blind Brook School district's unique property tax levy cap is 1.77 percent. The total property tax levy for the 2012-13 budget is just north of $34.1 million.
According to Ross, the district will be able to roll over the 0.45 percent difference between the property tax levy cap and the adopted tax levy into the 2013-14 budget.
The adopted budget also includes a 4.60 percent, or $16.12 increase per $1,000 of assessed valuation, increase in the tax rate for homeowners within the district. The increase for non-homestead residents is $25.74 per $1,000 of assessed valuation, or 5.93 percent.
"I just wanted to thank all my fellow board members, Dr. Ross and Mr. Stark for really doing another great job, in very extenuating circumstances," Board President Sheri Zarkower said.
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