March 1, 2017 - 2016-17 accomplishments, tax cap calculations, looking ahead
March 15, 2017 - Revenues and expenses
March 30, 2017 - Tentative budget deliberations
April 12, 2017 - BOE adopts budget
May 3, 2017 - Public hearing
May 16, 2017 - School budget vote, 12 - 9 p.m. (find your polling location)
Total Budget: $41,425,588
Spending Increase: 2.82%
Tax Levy Increase: 0%
|Final Audit Report|
August 5, 2016— The Cohoes City School District received its final report from the New York State Comptroller’s Office summarizing findings of an audit on the district’s fiscal operations from July 2012 through June 2015. The examination resulted in no findings of material weakness, operational improprieties, waste or abuse.
When Cohoes voters head to the polls to vote on the school budget each year, they cast votes for a budget plan shaped in part by a law known to many as the Property Tax Cap. Approved by the State Legislature in 2011, this complex law is intended to provide property tax relief.
The tax levy is the total amount of money the school district raises in property taxes. Actual tax rates are dependent on several factors including assessment practices and equalization rates.
The tax levy in 2016-17 is $14,710,755.
Tax rates are not set until July — after the state certifies assessment rolls for the properties in the city of Cohoes. Tax bills are sent out in September after this process has concluded. The school district has no control over assessment practices — and does not collect more in taxes than the amount it levies.
The tax rate in 2016-17 is $35.42 per $1,000 of assessed value.
Stacy Mackey, School Business Official
7 Bevan Street, Cohoes NY 12047