Guilderland C.S.D. 2019-20 Budget Hearing May 7, 2019

50% voter approval required for passage of the budget Proposed Budget for 2019-20 2018-19 Budget $100,925,515 2018-19 Budget $102,107,375 Budget Increase $ 1,181,860 Percentage Increase 1.17% Tax Levy Increase (estimated) 1.44% Town of Guilderland Residents Tax Rate Decrease (estimated) -28.20% 50% voter approval required for passage of the budget

2019-20 School Year 3-Part Budget Summary

Three Part Budget Summary Program Component School year 2018-19 2019-20 Amount $76,366,504 $78,207,598 % of total 75.7% 76.6% Salaries & benefits of teachers, guidance counselors, aides, monitors, nurses, social workers, psychologists, speech therapists, etc. Professional development Library/media/computer services Student transportation Co-curricular activities Interscholastic athletics

Three Part Budget Summary Administrative Component School year 2018-19 2019-20 Amount $11,132,879 $11,158,721 % of total 11% 11% Salaries & benefits of administrators, supervisors and administrative clerical staff Public information & central printing Research, planning & evaluation Central data processing Tax collection & most legal services School board costs

Three Part Budget Summary Capital Component School year 2018-19 2019-20 Amount $13,426,132 $12,741,056 % of total 13.3% 12.4% Debt service on buildings School bus purchases Tax certiorari & court ordered costs Operation & maintenance (including salaries and benefits of custodial staff)

Revenue Budget 2018-19 2019-20 State Aid & Medicaid $25,967,855 $25,801,894 Local Revenues $1,317,133 $1,437,760 Interfund Transfers $250,000 Appropriated Reserves $170,000 Appropriated Fund Balance $849,500 Payments in Lieu of Taxes $73,570 $259,280 Tax Levy $72,297,457 $73,338,941 TOTAL $100,925,515 $102,107,375

2019-2020 Budgeted Revenues and Expenditures

2019-2020 Tax Impact 2018-19 Tax Levy $72,297,457 2019-20 Tax Levy (Estimated) $73,338,941 Estimated Tax Levy Increase $1,041,484 Estimated Tax Levy Pct. Increase 1.44% Estimated Tax Rate Decrease: Town of Guilderland -28.20% All Other Towns -7.83%

Town of Guilderland Reassessment Town Resident School Tax Impact If your property value increased less than 39%, your school tax bill should decrease If your property value increased more than 39%, your school tax bill should increase If your property value increased 39%, your school tax bill should remain the same 5/18/2019

Town of Guilderland Reassessment Town Resident School Tax Impact (Continued) 2018 2019 Difference Assessment $250,000 $348,178 +$98,178 (39.3%) Tax Rate / $1,000 $23.0319 $16.5375 -$6.49 School Tax $5,758 - 0- To calculate your own tax bill, go to our on-line calculator at https://www.guilderlandschools.org/budget-taxes/taxes/tax-calculator/ 5/18/2019

Tax Levy Limit (Property Tax Cap) Must follow an 8-step formula determined by N.Y.S. Formula limits the increase in the vast majority of expenses to 2% or less Result of formula determines the amount that property taxes can increase setting a threshold for voter approval If tax increase is less than the threshold amount, budget passes with 50% or more of the voters voting “yes” If tax increase is greater than the threshold amount, budget passes with 60% or more of the voters voting “yes” If budget is defeated, no increase in taxes is permitted

2019-20 G.C.S.D. Tax Levy Limit Calculation Prior Year Tax Levy $72,297,457 Tax Base Growth Factor x 1.0047 Subtotal Prior Year Tax Levy $72,637,255 Payments in Lieu of Taxes (PILOTS) + $73,570 Taxes Levied for Exemptions During Prior Year: Capital Expenditures Net of State Aid - $1,922,825 Adjusted Prior Year Tax Levy = $70,788,000 Allowable Levy Growth Factor (Lesser: CPI or 2%) 1.02 Subtotal Growth Adjusted Tax Levy $72,203,760 $259,280 Tax Levy Limit $71,944,480 Taxes Levied for Exemptions During Coming Year: $1,579,887 Pension Cost Exemptions >2% Maximum Allowable Tax Levy Amount $73,524,367

2019-2020 Tax Levy and Limit Tax Levy Limit Proposed Difference $73,524,367 $73,338,941 -$185,426 Increase* $1,226,910 $1,041,484 Percent Increase* 1.70% 1.44% *Increase based on 2018-19 tax levy of $72,297,457 Budgeted tax levy is less than the maximum allowable tax levy limit therefore, a passed budget requires a simple majority approval of at least 50% of the voters.

Budget Vote Approval Margins Year Yes No Voters Projected Tax Rate Increase 2018-19 71.2% 28.8% 1972 1.97% 2017-18 74.8% 25.2% 2626 1.61% 2016-17 71.9% 28.1% 2077 0.74% 2015-16 71.8% 28.2% 2618 2.12% 2014-15 65.8% 34.2% 2637 1.94% 2013-14 63.8% 36.2% 2789 3.39%

Contingency Budget and Tax Levy Limit Law` If the budget fails to pass on first attempt, the Board of Education can choose to (a) put the same budget or a modified version up for a second vote or (b) choose to go directly to a contingency budget. If the budget is defeated a second time, the Board of Education must adopt a contingency budget. Non-contingent expenses (i.e. new equipment, community use of buildings) must be removed from the budget and the administrative budget cap requirement met.

Contingency Budget and Tax Levy Limit Law (Continued) Property tax levy may not increase by any amount (zero percent) over the current year tax levy. For 2019-20, additional revenue and/or additional expenditure reductions totaling $1,041,484 would be required to meet contingency budget requirements.

Budget Vote, Propositions and Board Election Budget Proposition: $102,107,375 Bus & Equipment Proposition: $939,400 Capital Project Bond Proposition: $30,926,000 Three candidates vying for three open seats: Barbara Fraterrigo Kelly Person Gloria Towle-Hilt For more information: Visit www.guilderlandschools.org and go to the “News Headline” section

Vote at the elementary school in your attendance zone. PLEASE VOTE! Vote Date: Tuesday, May 21, 2019 Polls open: 7:00 a.m. – 9:00 p.m. Vote at the elementary school in your attendance zone. See https://es.findmypollplace.com/guilderlandcsd/ for street listings with attendance zones for your voting location