YORKTOWN, N.Y. – The Yorktown Central School District Board of Education unanimously adopted the 2017-18 spending plan at its April 24 meeting. The $98.2 million budget features a one cent increase in the tax rate and a 0.34 percent increase in the lax levy.
Superintendent Dr. Ralph Napolitano presented the budget earlier last month, which included a $2 million drop in student aid; however, Gov. Andrew Cuomo’s finalized budget allots the district an extra $100,000 than was previously expected.
The plan to offset the one-year impact of the $2 million decline, as outlined during Napolitano’s presentation, remains. The district will take a corresponding amount of cost out of the budget as debt service payments on a 2001 bond come to an end, and plug the hole with $1.4 million from the debt service fund and $1.07 million from cash reserves.
Thomas Cole, assistant superintendent for business, said Yorktown residents can still expect to see no change in their tax bill.
“We decided that if we used the additional $100,000 as revenue we would reduce the fund balance contribution accordingly,” Cole said. “So the net effect on taxes would be unchanged. So we decided to leave everything as it is.”
School Board Race
Michael Magnani and Anthony D’Alessandro will run uncontested in their bids for re-election to the school board. Nobody besides the incumbent trustees submitted a petition to run for school board, according to District Clerk Yvette Segal.
The budget and trustee vote is Tuesday, May 16. Polls will be open from 7 a.m. to 9 p.m. at Mohansic Elementary School.