2013-14 Budget Summary
|Total Budget: $39,577,256|
|Dollar Increase: $1,310,325|
|Percentage Increase: 3.42%|
|Tax Levy Increase: 5.34%|
|2013-14 Budget Development|
May 21, 2013 - Voters of the Cohoes City School District have approved a $39.6 million spending plan for the 2013-14 school year by a vote of 682-382. The budget, which includes a total increase of 3.4 percent over the current 2012-13 fiscal year, will result in a tax levy increase of 5.34 percent.
Residents of the city also elected three members of the Board of Education. Jeremy McDonald, who received 946 votes; William Smith, who received 668 votes; and Andrea Frangie, who received the 663 votes, will all serve three-year terms. The terms begin July 1, 2013. Smith is a current member of the seven-member board; McDonald and Frangie will replace V. Mark Pascale and Raymond Daigneault, who each chose not to run for another term.
“With this budget, the Board of Education fulfilled its mission of preserving existing student opportunities after three years of deep cuts,” said Superintendent Robert K. Libby. “To do so required increasing use of reserves in order to keep the tax levy within the state’s tax cap. I am pleased we have achieved consensus and can move forward in doing what we do best: educating the students of Cohoes.” visit the 2013-14 Budget Archives for more information>>
When Cohoes voters head to the polls on May 21to decide the 2013-14 school budget, they will cast votes for a budget plan shaped in part by a new law known to many as the Property Tax Cap. Approved by the State Legislature in 2011, this complex law is intended to provide much needed property tax relief.
Now in its second year, school districts and community members are still trying to learn how the law impacts them. One thing is clear: what is known as the "two percent property tax cap" 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. Learn more>>