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Cohoes City School District

Budget & Finance

MAY 16, 2017 - SCHOOL BUDGET VOTE DAY

2017-18 Budget Development Timeline

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)

 

Cohoes City School District 2016-17 school budget at a glance...

Total Budget: $41,425,588
Spending Increase: 2.82%
Tax Levy Increase: 0%

Final 2016-17 Budget Highlights>>

 

Cohoes City School District audited by Office of the State Comptroller
Final Audit Report
District response

District addresses budgeting practices sited in final 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.

Read the full story>>

 

Understanding New York's Tax Levy Cap

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 law does not create a cap, but a threshold that determines the level of voter support needed to pass the budget every year. That threshold is different for every school district in the state.  

Tax cap fact sheet [pdf] - Three Levy Numbers

Tax Levy Limit Formula - How does it work? [PDF]

 

Tax levy v. tax rate

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.

the STAR Tax Relief program Fact Sheet [PDF]

Information on tax collection>>

 

Business Office

Stacy Mackey, School Business Official
7 Bevan Street, Cohoes NY 12047
(518) 237-0100