Public schools are among the most significant investments that any community makes collectively. District leaders work to make the most effective use of resources to benefit students, to develop and manage the budget in a responsible and transparent manner, and to be accountable to taxpayers. Each spring the Board of Education adopts a budget for the coming school year for a community vote, which is held on the third Tuesday in May.
On Tuesday, May 15, Cohoes residents voted in favor (313 to 164) of a proposed $42,922,173 school district spending plan for the 2018-19 school year. This represents a $1,095,973, or 2.6 percent, increase over the 2017-18 school year. The district’s tax rate, however, is expected to decrease for the third consecutive year.
District leaders estimated that taxes on a Cohoes home with a market value of $150,000 would stay the same at $2,867 before factoring in STAR. The approved budget includes a 2.92 percent increase in the tax levy–which is the total amount of money the district can raise through property taxes.
Residents also voted to establish a capital reserve fund and elect two members to the Board of Education – Matthew Nolan and Richard Jackson.
- Proposed additions and anticipated expenditures/revenues in 2018-19 budget
- View the 2018-19 Proposed School Budget Book
To print an absentee ballot application, review voter qualifications and find your polling place visit our voter information page.
- Property Tax Report Card
- 2017-18 Revenues
- 2017-18 Appropriations
- Fiscal Accountability Summary
- STAR Exemptions
To look up you tax bill, pay online and more visit our tax collection page.
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 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.
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.
Smart Schools Investment Plan
The Cohoes City School District’s Smart Schools Investment Plan was produced in accordance with the New York State Smart Schools Bond Act, approved by voters in November 2014.