The Tonawanda Board of Education adopted a $31,812,474 budget at its meeting on Tuesday, April 12 that will reduce the tax levy by -1.93% and add staff and programming.
A budget public hearing will be held May 10 at 6:00 p.m. in the HS media center. The community will vote on the 2016-17 budget on May 17 from 11 a.m.– 8 p.m. in the Wellness Gymnasium at Tonawanda High School.
The proposed district tax levy is $11,449,561, a reduction of -1.93%. Retirements of seven employees and the reinstatement of GEA funding allowed the district to remain at its tax cap limit of -1.93%.
With the district not exceeding the tax cap, taxpayers could be eligible for up to a $185 property tax rebate from the state.
The estimated tax rate for Tonawanda residents would go down by -.74% to $17.50 per $1,000 of assessed valuation per the 2015-16 final assessed valuation.
Veterans who qualify will see their taxes reduced even more due to the passage by the Board of Education of the Veteran Tax Exemption. The cost of the exemption is passed on to non-veteran taxpayers, however, non-veteran taxpayers will not see an increase in taxes since the budget carries a reduced tax levy. Final tax rates will not be known until August.
Additions to the budget include new programming for afterschool help for grades K-5, a fifth grade teacher at Fletcher, a special education teacher for grades K-3, a .5 AIS reading teacher for grades K-3, 3.5 teaching assistants in grades K-5, and increasing the Director of Health, Athletics & PE from a part-time position to full-time with additional duties assisting in the middle school.