PINE BUSH SCHOOL DISTRICT BOARD PROPOSES $135,629,641 BUDGET FOR 2023-2024 SCHOOL YEAR

Voters go to polls May 16 for budget vote, to create a capital reserve fund account and board of education election; Tax levy increases 1.5 percent

Pine Bush Central School District residents will vote on a $135,629,641 budget on Tuesday, May 16, 2023, as well as elect two board of education members. Voters will also decide whether to create a capital reserve fund account in which unappropriated district funds can be reassigned and used for a future capital project.

The proposed tax levy will increase by 1.5 percent or $909,795, for a total of $61,562,815.

This budget is 5.33 percent more than the current year’s budget, an increase of $6.87 million. State aid increased 9.4 percent, providing nearly $6 million in additional aid over the current year’s figure. The district will also use $2,896,756 in fund balance for this budget.

The tax levy is the amount of money raised by taxes. Fund balance is money that was previously collected by the district but not appropriated.

Budget revenue includes state aid, property taxes, fund balance and other sources such as tuition, interest, continuing education fees, BOCES reimbursements, and late tax fees, to name a few.