shortcut
Cohoes City School District

Budget & Finance

Cohoes City School District 2014-15 school budget at a glance...School budget Vote Day id May 19. Are you registered?

Total Budget: $39,563,149
Spending DECREASE: 0.04%
Tax Levy Increase: 0.69% (at “cap”)
Reserves used: $1,450,000

 

2015-16 school budget development

Feb. 27, 2015 - 2015-16 budget presentations get underway

March 13, 2015 - Budget workshop outlines estimated expenditures, program needs in 2015-16

March 27, 2014 - The Cohoes Public Library presented a proposal to restructure and become a district library. More information on their proposal can be found on their website: www.cohoes.fundourlibraries.org

 

2015-16 Board of Education elections

March 27, 2015--When voters head to the polls on May 19 to vote on the 2015-16 proposed school district budget, they will also elect two (2) members to the Board of Education.

Any Cohoes resident who has lived in the City School District of Cohoes for at least one year prior to May 19, 2015, can run for the Board of Education.

One hundred petition signatures are required for candidacy, and petition packets may be obtained in the business office at Cohoes Middle School, 7 Bevan Street (3rd floor).

These petitions must be returned to the district clerk no later than April 29 at 5 p.m.

If you have any questions, please contact Johanna Maloney, District Clerk, at 237-0100 Ext. 2362, or by email at jmmalone@cohoes.org.

 

Upcoming Budget Workshops

April 1 - Revenues, highlights and tax cap considerations

April 15 - Tentative: Budget deliberations

Aprill 22 - BOE adopts budget during regular business meeting

May 6 - Public hearing

 


More information about the school budget:

 

Property Tax Freeze Credit

New York’s Property Tax Freeze Credit was signed into law in April 2014 as part of the 2014-15 New York state budget. The measure is designed as a short-term tax relief program that reimburses qualifying New York homeowners (outside of New York City) for increases in local property taxes on their primary residences.

In 2014-15, Cohoes residents qualified for the credit.

For more information on the Property Tax Freeze Credit fact sheet [PDF]

 

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 much needed 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 rate v. tax levy

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.

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 STAR Tax Relief program Fact Sheet [PDF]

Public Employee Pensions in New York State [PDF]

The Gap Elimination Adjustment [PDF]

Mandates and Mandate Relief [PDF]

 

Information on tax collection>>

 

Business Office

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