Cohoes residents approve budget, capital reserve proposition

By a vote of 313 to 164, residents of the Cohoes City School District approved a $42,922,173 budget for the 2018-19 school year. The approved budget calls for a 2.6 percent increase in spending from the 2017-18 school year and a 2.92 percent tax levy increase, which is within the district’s calculated tax levy “cap.”

District residents also approved (312 to 155) a proposition that will establish a Capital Reserve Fund. The reserve fund would allow the district to put unallocated general fund balances aside in a special, voter-controlled fund that could be used to address future renovations and repairs within the district.

Residents also voted to fill two seats on the Cohoes Board of Education. Incumbent Matthew Nolin received 393 votes and will serve his third term on the board. Richard Jackson received 339 votes and will begin serving his first term immediately due to a vacated board seat.

Preparing our students for success in tomorrow’s world.

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