Two important points from our budget presentations: The proposed - TopicsExpress

Two important points from our budget presentations: The proposed budget will exceed the Property Tax Levy Cap in order to offset the $2,000,000 loss of state aid revenue due to the Gap Elimination Adjustment and to pay for unfunded mandates including the purchase of computers for federally required online testing. Because the proposed budget breaks the tax levy cap, STAR eligible district residents would not receive the Governors property tax rebate. We estimate this rebate would have been $28.44 for a home assessed at $100,000.

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