GLOVERSVILLE — The Gloversville Enlarged School District is continuing to work on its 2017-18 tentative budget.
The district has a clearer picture of revenues following the state passing its 2017-18 budget that includes the state aid numbers of school districts across New York.
Assistant Superintendent Steven Schloicka said there was a $1.48 million aid increase in the recently approved state budget.
“We’re happy they increased it,” he said.
Schloicka said foundation aid for the district went up by $1 million.
“They put the money back where it belongs and where it needs to be,” Schloicka said. “They don’t take it away anymore. Once it’s there, it’s there. It’s a win-win for school districts across the state. I’m glad they listened, and I’m glad we got that foundation increase.”
According to the state budget office, the Foundation Aid formula calculates funding based on the cost of education in successful school districts, student need and local ability to pay.
The tax levy could go up this year by 1.5 percent. This comes a year after the district had to override the tax cap with a zero percent tax levy increase following the state setting the district’s tax cap at negative 6 percent. The state formula decided on the minus 6 percent following the district’s elimination of some of its debt.
The tentative budget plan for 2017-18 includes using $709,843 of fund balance. Schloicka said the initial estimate was $1 million in fund balance expended.
“We don’t like to do that, but that’s how we’re going to balance our budget this year,” he said. “We’ve been slowly trying to bring that down to a more manageable situation. This year we’ve about leveled out.”
Schloicka said the fund balance will not have a lot of money for the 2018-19 budget.
Board of Education President Richard Carlson said Friday that the board is looking to have a presentation on the entire tentative budget during the Monday meeting.
The budget vote will be held on May 16.
Kerry Minor can be reached at [email protected]