BY BILL
SAN ANTONIO
Roslyn school officials said Thursday that an increase in revenue not coming from property taxes will exceed the district’s proposed increase in spending in its $102.7 million budget for 2014-15.
Joseph Dragone, the district’s assistant superintendent for business, said Monday the $735,422 increase in revenue not coming from taxes will allow the district to increase spending $665,795 with only a .64 percent increase in the tax levy.
“It’s not a tremendous amount, but every little bit helps,” Dragone said of the increased revenue.
The district expects to receive $9,099,852 from state aid, payment-in-lieu of taxes negotiated by the Nassau County Industrial Development Agency, and adult and special education programs.
Dragone said the district projects a $346,804 increase in revenues through the payments in lieu of taxes, a $300,000 increase in special and alternative education program tuition and a $50,000 increase in adult education.
The district’s largest source of revenue not coming from property taxes, state aid, will be $4,351,877 – an increase of $18,718 from 2013-14.
For the second straight year, Dragone said, he does not expect any revenues from insurance recoveries or Medicare Part D reimbursements.
Dragone presented a breakdown of the district’s revenue projections and the calculation of its $867.942 tax rate during Thursday’s board of education meeting.
The district’s tax rate, Dragone said, has increased 2.53 percent in the last year even though the assessed value of district homes within the Town of North Hempstead has decreased 1.87 percent.
Dragone said the assessed value on the 39 homes within the Town of Oyster Bay that are billed school taxes to the Roslyn School District increased by 4.35 percent.
The district’s tax rate is calculated based on the assessed value of Class 1 homes within Roslyn, Dragone said.
Roslyn taxpayers will be pay $91,631,155 in property taxes to fund the district’s $102.7 million budget for 2014-15, he said.
