slide1 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Nassau-Suffolk School Boards Association Resolutions Dinner & Meeting September 23, 2008 The Property Tax Cap by PowerPoint Presentation
Download Presentation
Nassau-Suffolk School Boards Association Resolutions Dinner & Meeting September 23, 2008 The Property Tax Cap by

Loading in 2 Seconds...

play fullscreen
1 / 18

Nassau-Suffolk School Boards Association Resolutions Dinner & Meeting September 23, 2008 The Property Tax Cap by - PowerPoint PPT Presentation


  • 183 Views
  • Uploaded on

Nassau-Suffolk School Boards Association Resolutions Dinner & Meeting September 23, 2008 The Property Tax Cap by the Numbers: The Impact on Our Schools. Presented by: Gary D. Bixhorn Eastern Suffolk BOCES Chief Operating Officer SCSSA Legislative Chairperson. 1. Tax Levy Basics.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Nassau-Suffolk School Boards Association Resolutions Dinner & Meeting September 23, 2008 The Property Tax Cap by' - conway


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Nassau-Suffolk School Boards Association Resolutions Dinner & Meeting September 23, 2008

The Property Tax Cap by the Numbers:

The Impact on Our Schools

Presented by:

Gary D. Bixhorn

Eastern Suffolk BOCES Chief Operating Officer

SCSSA Legislative Chairperson

1

tax levy basics
Tax Levy Basics
  • The School Property Tax Levy represents the amount of funding a school district needs to raise through property taxes to balance its budget.
  • The property tax levy is calculated as follows:

Projected School Spending

( - ) minus state aid

( - ) minus other revenues

( - ) minus prior year’s fund balance

= Property Tax Levy

  • On Long Island property taxes comprise nearly 70% of school funding.

2

tax cap basics
Tax Cap Basics
  • The proposed Property Tax Cap will cap tax levy growth at the lesser of 4%, or 120% of increase in Consumer Price Index (CPI).
  • Does not cap the tax rate

3

slide4

Tax Cap ~ Related Issues

  • Foundation Aid Formula
  • High Tax Aid
  • Contingency Budget Caps
  • Wealth Gap / Equity

4

related issues foundation aid formula
Related Issues ~ Foundation Aid Formula
  • Drives 70% of all state aid.
  • 72 of 121 (60%) Long Island districts at 3% minimum, including 15 with Combined Wealth Ratio (CWR) < 1.0.
  • The statewide Foundation Aid per pupil is 39% greater than Long Island.

5

related issues high tax aid
Related Issues ~ High Tax Aid
  • Nearly 70% of all High Tax Aid is directed to Long Island districts.
  • 98 Long Island districts received more in High Tax Aid than in Foundation Aid increase.

6

slide7

Related Issues ~ Contingency Budget Cap

  • After voter rejection, budget increase capped at lesser of:
    • 4% increase; or
    • 120% of increase in CPI
  • Specific expenditures may be excluded from cap calculation

7

related issues wealth gap equity
Related Issues - Wealth Gap / Equity

Percentage of Students in Long Island’s Least Wealthy and Wealthiest School Districts Passing the Elementary/Middle Level Assessments and Regents Exams

8

slide9

Tax Cap ~ 2009-10 “What If” Scenarios

  • Spending
  • State Aid (Foundation, High Tax, Other)
  • Fund Balance / Other Revenues
  • Tax Levy
  • Tax Cap
  • $ Reduction to Reach Cap
  • % Spending Increase After Reduction

9

slide10

Tax Cap ~ 2009-10 “What If” Scenarios

Note: % = Change from Prior Year (2008-09)

10

slide11

Allowable Spending Increase within Cap

Nassau County School Districts (6)- with Lowest % Spending Increase within Scenario E

11

slide12

Allowable Spending Increase within Cap

Nassau County School Districts (6)- with Highest % Spending Increase within Scenario E

*Jericho is another district with a 3.7% increase

12

slide13

Allowable Spending Increase within Cap

Suffolk County School Districts (7) - with Lowest % Spending Increase within Scenario E

Note: Excludes school districts with significant tuition income

13

slide14

Allowable Spending Increase within Cap

Suffolk County School Districts (7) - with Highest % Spending Increase within Scenario E

*Other districts with a 3.3% increase include Pt. Jefferson, Shelter Island, Fire Island, Southampton, Rocky Pt , E. Moriches, Patchogue-Medford

14

slide15

Tax Cap Issues

  • Cap impact will differ dramatically among districts.
  • Cuts assume budget increase of 5% - this will vary.
  • Cap projected at 4% - this may be high.
  • Aid projected prior to Wall Street “crisis”.
  • Higher budget increases, less state aid, or a lower cap will increase the required budget cut.
  • Employee benefits and energy related cost increases alone, will consume most, if not all, of the capped increase.
  • A cap already exists – however, it is implemented after voters reject the budget, rather than prior to a community vote.

15

slide16

President – Pamela Betheil

Vice President– Lisa Israel

Member and Clerk – Fred Langstaff

Members

Walter Wm. Denzler, Jr. Susan Lipman Jeffrey Smith

Stephen Dewey, Ph.D. Joseph LoSchiavo Sandra Townsend

Chris Garvey Anne Mackesey Andrew T. Wittman, Jr.

William Hsiang William K. Miller John Wyche District Superintendent Chief Operating Officer

Edward J. Zero Gary D. Bixhorn

Associate Superintendents

Barbara M. Salatto – Management Services

Julie Davis Lutz, Ph.D. – Educational Services

Assistant Superintendent

Michael J. Locantore – Human Resources

Directors

Marilyn H. Adsitt – Educational Support Services

Keith G. Anderson – Building Services

Robert Becker – Special Education

Andrea Grooms – Communications, Research and Recruitment

Gregory Hamilton – Administrative Services

Maureen Kaelin – Business Services

Sylvia Savarese – Technology Integration

Joan Skelly – Career, Technical and Adult Education

Jeanne K. Weber – Regional Information Center

Candace White-Ciraco, Ed.D. – Planning and Program Improvement

EasternSuffolk BOCES Board and Administration

Eastern Suffolk BOCES does not discriminate against any employee, student, applicant for employment, or candidate for enrollment on the basis of gender, race, color, religion or creed, age, national origin, marital status, disability, or any other classification protected by law. For further information or concerns regarding this statement, please contact the Eastern Suffolk BOCES Department of Human Resources at (631) 687‑3029.

scssa leadership
President Dr. Thomas Shea

President-Elect Mr. Wendell Chu

Vice President Mr. Anthony Annunziato

Treasurer Dr. Alan Groveman

Secretary Mr. James McKenna

Past President Dr. Rosemary Jones

SCSSA Leadership

SCSSA Officers

Board of Directors/Cluster Leaders

Babylon Dr. Ellen Best-Laimit

Brookhaven Dr. Roberta Gerold

East End Dr. Charles Kozora

Mrs. Linda J. Rozzi

Islip Ms. Patricia Sullivan-Kriss

Smithtown/ Dr. James Feltman

Huntington

Executive Director Dr. Candee Swenson

Legislative Committee

Legislative Chairperson

Mr. Gary D. Bixhorn

Mr. Wendell Chu

Dr. Allan Gerstenlauer

Mr. Thomas Quinn

Mr. Anthony Cacciola