Board Adopts Budget for 2014-2015 School Year

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The Springs School Board of Education adopted the budget on April 21st  for the 2014-2015 School Year. “We are pleased that the members of the Board of Education adopted the budget," said Superintendent John J. Finello. "This budget allows for the continuation of an educational program of excellence for our students while staying within the limits of the tax levy cap.”

The budget stays within the tax cap due to an increase in projected revenue, reduced costs of high school tuition, and use of the school's fund balance. According to District Treasurer Thomas Primiano, the  projected 2013-2014 fund balance is $8,027,497, which is up from $1,528,260 in 2008-2009. “We’re saving for long-term goals and unanticipated shortfalls,” said Mr. Primiano. “We’ll continue to monitor the fund balance as we go.” Projected revenue is $1,514,027, which is an increase of $23,283 this year as compared to last year.

The proposed budget calls for an  increase of 7.8 instructional positions. Principal Eric Casale noted that these staffing adjustments are based on increased enrollment and compliance with state regulations.   Also included in the budget is funding for a full-time superintendent, an additional clerk, and extra staffing positions to monitor the car line in the back of the school. An additional bus route will also be added, due to an increase in enrollment and bus ridership. “With the increased enrollment, we should be adding on another bus,” said Board President Elizabeth Mendelman.

Projected expenditures are $26,657,873. The district's projected tax levy increase is 3.18%, which is within the district's allowable tax cap levy under New York State's formula.  

Budget documents can be found on the school's website at: springsschool.org under the "Quick Links" menu. A budget hearing will be held May 12th.