NISKAYUNA – The Niskayuna Board of Education has adopted a new 2013-14 budget. Following is more information:
At its meeting on Tuesday, April 9, the Board of Education adopted a $76.3 million budget for 2013-14 that contains a spending increase of just 1.31 percent.
The spending plan will require the support of 60 percent of voters to pass because the 5.76 percent tax levy increase it calls for is greater than the district’s calculated limit under the state’s tax levy cap law.
A tax levy increase at that level is required even in a budget that increases spending just 1.3 percent because school leaders again had to contend with rising costs and the loss of non-tax revenue for next year. Reserve funds continue to be limited, and state aid is set to decrease for a fourth consecutive year to a level that is lower than the amount the district received in 2009-10.