Troy, NY – On Tuesday, April 17, the Troy City School District Board of Education unanimously adopted the proposed 2018-2019 budget of $111,893,389. The tax levy will be $36,832,473, representing a 1.54-percent tax levy increase, which is $123,282 below the allowable tax cap of 1.88 percent. If approved by voters, a typical homeowner would see their annual school tax bill increase by roughly $33, or less than $3 a month.
On May 15, residents will vote on the proposed budget and will elect three candidates to the Board of Education.
“This year has proven to be the most difficult one in the recent past for budget development which has forced us to get creative,” said Superintendent John Carmello. “We will make a small dip into our fund balance so that we can once again offer a budget with a strong educational program while being responsible to our taxpayers,” said Superintendent John Carmello.
Because the District stayed within its tax cap for the fourth consecutive year, some taxpayers are eligible for the State’s property tax relief credit.
“While we are unable to add any additional supports and programs this year, we are committed to continuing the positive trend of improved student outcomes throughout the District,” said Carmello.
For additional information about the May 15 vote, please visit our Budget webpage.