The VCSD 2020-21 Proposed Budget is $108,429,011 and holds the budget to budget increase to 1.5%. This is one of the lowest budget increases in VCSD budget history which can be found here.
The Bottom Line on Tax Impact
The following reflects the estimated increase in school taxes under the proposed tax levy increase of 2.86%. This would be the average cost to taxpayers based on the proposed tax levy.
Prepared by Valley Central’s fiscal advisors, it shows an average estimation of the “full value assessment” of the seven equalization rates of the towns in VCSD.
This is broken down into three categories; a Senior Citizen homeowner receiving Enhanced STAR (based on a $69,800 equalized value exemption), a homeowner receiving STAR (based on a $30,000 equalized value exemption), and a homeowner without STAR (usually the case for a non-primary residence)
This estimate for illustrative purposes only and is an estimation based on full equalized value .
Full Value: $200,000 l Month increase $6.83 l Annual Increase $82
$300,000 l Month increase $12.08 l Annual Increase $145
$400,000 l Month increase $17.33 l Annual Increase $208
Full Value: $200,000 l Month increase $8.92 l Annual Increase $107
$300,000 l Month increase $14.17 l Annual Increase $170
$400,000 l Month increase $19.42 l Annual Increase $233
Full Value: $200,000 l Month increase $10.50 l Annual Increase $126
$300,000 l Month increase $15.75 l Annual Increase $189
$400,000 l Month increase $21.00 l Annual Increase $252
Property Tax look up for VCSD residents is available at https://egov.basgov.com/MONTGOMERY/ (Select ‘School 2019’)
For information on the STAR Program: https://www.tax.ny.gov/pit/property/star/default.htm
The Valley Central School District offers a Senior Citizen Tax Exemption for senior citizens within a qualifying income range. For more information about applying for this exemption, please contact the Town of Montgomery Assessor’s office.
The Valley Central School District offers a partial Veteran’s Tax Exemption to disabled veterans and veterans who served during wartime or were in combat. For more information about applying for this exemption, please contact the Town of Montgomery Assessor’s office.
On April 1, 2020, the NYS Legislature passed a budget that froze state aid for the 2020-21 budget. Because some state aid is tied to the previous year’s expenditure, the District is estimating a significant reduction in state aid next year, mostly in the category of transportation aid. The estimate of this reduction amounts to $1,662,338.
To make up for this reduction, fund balance will be appropriated. With the current school closure, there are various 2019-20 expenditures that will not be fully incurred creating a savings. In the 2020-21 Budget, the needed increase in fund balance will come from these savings
VCSD Revenue 2020-21 Percentages:
State Aid: 33%
Tax Levy: 58%
VCSD Tentative Proposed 2020-21 Expenditure Percentages:
School Budget Vote and BOE Elections
The date of the vote is June 9, 2020 and will be conducted by absentee ballot. There will be no in-person voting permitted. All eligible voters will be mailed an absentee ballot with a postage paid return envelope. No absentee ballot application is required.
Budget Calendar 2020
June 1 Budget Hearing
June 9 Budget Vote by Absentee Ballot
Increase Student Achievement
- Foster college and career readiness and life-long learning
- Foster a diverse and inclusive culture
- Educate the whole child in an engaging environment which promotes student-centered learning
Attract and Retain a Knowledgeable and Dedicated Staff
- Build a collaborative learning community that nourishes and empowers a staff that creates a culture for innovation, creativity and growth
- Have a District in which all stakeholders are trusted, valued and supported
- Offer opportunities to develop a highly trained and diverse staff
Serve as the Cornerstone of the Community
- Establish partnerships based on open communication, trust and
collaboration with the community
- Maintain high quality schools that are an investment for our community
- Maintain a welcoming and accessible environment for the whole child, whole staff and whole community
Maintain and Improve the Facilities to Support Goals 1 – 3
- Provide healthy, safe, attractive and state-of-the-art facilities