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    Overall Budget Proposal

    Budget Adopted for the 2011-12
    School Year

    Budget Proposed for 2012-2013 School Year

    Contingency Budget for 2012-13
    School Year 

    Total Budgeted Amount

    $64,476,140

    $64,752,895

    $64,139,525

    Increase/decrease for the 2012-13 School Year

     

     

    $276,755

    $(333,615)

    Percentage increase (decrease) in each proposed budget

     

     

    0.43%

    (0.52%)

    Change in the Consumer Price Index

     

     

    3.20%

     

     

     

     

     

     

     

     

     

     

    School Tax Levy Limit

     

     

    $26,147,345

     

     

    Proposed School Year Tax Levy (without permissible exclusions to the School Tax Levy Limit)

     

     

    $26,129,505

    $25,552,325

    Total Permissible Exclusions

     

     

    $36,190

     

     

    Proposed School Year Tax Levy (including permissible exclusions to the School Tax Levy Limit)

    $25,552,325

    $26,165,695

    $25,552,325

     

     

     

     

     

     

     

     

    Administrative component

    $5,885,882

    $5,956,599

    $5,893,377

    Program component

    $47,258,113

    $47,829,415

    $47,321,767

    Capital component

    $11,332,145

    $10,966,881

    $10,924,381

     

     

     

     

     

     

     

     

     

    1   Statement of assumptions made in projecting a contingency budget for the 2012-13 school year, should the proposed budget be defeated pursuant to Section 2023 of the Education Law.

     

    ·         Eliminate non-contingent items: student supplies, community use of buildings and grounds, certain equipment, certain salary increases; provide for equipment repair and contingent expenses.
     

    BASIC STAR Exemption Impact 
              2    Estimated Basic STAR Exemption Savings:


     

    Budget Proposed for the 2012-13 School Year

    Estimated Basic STAR Tax Savings

    $630.68



    The annual budget vote for the fiscal year 2012-2013 by the qualified voters of the North Tonawanda City School District, Niagara County, New York, will be held at 405 Meadow Drive in said district on Tuesday, May 15, 2012 between the hours of 12:00 noon and 9:00 p.m., prevailing time in the Alumni Student Activity Center, at which time the polls will be opened to vote by voting machine. 

    1 Provide a statement of assumptions made in estimating the contingency budget pursuant to section 2023 of Education Law.

    2 The basic school tax relief (STAR) exemption is authorized by section 425 of the Real Property Tax Law.