West Valley Central School Budget Overview 2018-2019

West Valley Central School Budget Re-Vote Hearing June 11, 2018

Overview of Budget Overview of Budget $ Increase (Decrease) % Increase (Decrease) 2017-2018 2018-2019 Budget 9,096,196 9,184,125 87,929 .97% Tax Levy 3,003,939 3,064,164 60,225 2.00% Rate on True Value 19.73 20.13 .40 2.00% Actual change in true value tax rate from 2016-2017 ($20.69 per thousand of assessed value) to 2017-2018 ($19.73 per thousand of assessed value) was -$.96 or -4.6%

Summary of Revenues Summary of Revenues Summary of Revenues & Other Sources of Funding 2017-2018 Budget $ 5,061,491 2018-2019 Proposed Budget $ 5,146,150 Inc (Dec) Over Prior Year $ 84,659 State Aid PILOT(Payments in Lieu of Tax) Other Revenue 326,158 18,900 327,541 38,900 1,383 20,000 Estimated Tax Levy & STAR Reimbursement TOTAL REVENUE Interfund Transfer of Debt Service Appropriated Fund Balance Appropriated Retirement Reserve TOTAL REVENUE & OTHER SOURCES 3,003,939 3,064,164 60,225 $ 8,410,488 $ 8,576,755 $ 166,267 50,000 602,559 33,149 9,096,196 50,000 526,500 30,870 - (-76,059) (-2,279) 87,929 $ $ 9,184,125 $

Budget Summary Description 2017-2018 2018-2019 Inc (Dec) General Support 1,559,917.00 1,551,957.00 (7,960.00) Instructional Support 4,019,895.00 4,115,885.00 95,990.00 Transportation 510,163.00 500,868.00 (9,295.00) Employee Benefits 2,334,948.00 2,344,425.00 9,477.00 Debt Service 638,273.00 652,990.00 14,717.00 Interfund Transfers 33,000.00 18,000.00 (15,000.00) Total 9,096,196.00 9,184,125.00 87,929.00

Budget Components Budget Components 2018-2019 Uses of Education Funding Capital, $ 1,506,569 , 16% Administrative, $ 1,083,901 , 12% Instruction, $ 6,593,655 , 72%

Tax Levy Limit Prior Year Tax Levy 3,003,939.00 Multiplied by Tax Base Growth Factor (determined by NYSORPS) 1.0093 27,936.63 Prior Year Tax Levy Adjusted for Tax Base Growth Factor 3,031,875.63 Add: 2017-2018 Year Budgeted PILOT Payments 326,153.00 Subtract: 2017-2018 Capital Tax Levy from Prior School Year - Subtract: Tort Action Exclusion Taken in Prior Year - Prior Year Tax Levy Adjusted for Tax Base Growth Factor, PILOTS, Capital, and Tort Actions 3,358,028.63 Multiplied by Allowable Tax Levy Growth Factor 1.0200 Prior Year Tax Levy Adjusted for Tax Base and Levy Growth Factors, PILOTS, Capital, and Tort Actions 3,425,189.21 67,160.57 Less: 2018-2019 Year Budgeted PILOT Payments (327,541.00) Add: Carryover from Prior School Year 45,841.00 Equals Tax Levy Limit Before Exclusions 3,143,489.21 Add: Court orders/judgements for tort actions > 5% of prior year tax levy FYE 6/30/17 - n/a - Add: Increases for Capital Tax Levy FYE 6/30/19 (See breakdown below) -n/a - Add: Increases in ERS over 2% of prior year contribution-n/a in 18/19 - Contribution stayed the same - Add: Increases in TRS over 2% of prior year contribution-n/a in 18/19 Contribution decreased - Equals Tax Levy Limit with Exclusions 3,143,489.21 Tax Levy Limit Increase Over the Prior Year % Before Exclusions 4.65% Tax Levy Limit Increase Over the Prior Year % After Exclusions 4.65% Proposed Estimated Tax Levy Increase 2.00%

History of Budget and History of Budget and Tax Levy Increases Tax Levy Increases Year Year 12/13 12/13 13/14 13/14 14/15 14/15 15/16 15/16 16/17 16/17 17/18 17/18 Proposed Proposed 18/19 18/19 0.00% 3.15% -.8% 1.78% .26% 2.23% .97% Budget Budget 2.00% 2.00% 0.00% 0.00% -7.68% 0.00% 2.00% Tax Levy Tax Levy

History of State Aid & Tax Levy 5,146,150 5,054,658 4,915,477 4,853,354 4,736,074 4,718,910 4,463,626 4,418,532 4,416,790 4,279,719 4,272,866 3,253,939 3,253,939 3,253,939 3,190,027 3,064,164 3,127,477 3,003,939 3,003,939 3,000,060 2,841,524 2,689,946 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 Estimated 18/19 State Aid Tax Levy

Estimated Tax Bill Estimate of School Tax for Primary Residential Property Tax Bill Last Year Tax Bill This Year Increase/Decrease Full Value of Property $50,000 With Enhanced STAR $0 $0 $0 With Basic STAR $395 $403 $8 Without STAR $987 $1,007 $20 Full Value of Property $70,000 With Enhanced STAR $64 ($25) $89 With Basic STAR $789 $805 $16 $1,381 $1,409 $28 Without STAR Full Value of Property $100,000 With Enhanced STAR $655 $668 $13 With Basic STAR $1,381 $1,409 $28 $1,973 $2,013 $40 Without STAR Full Value of Property $150,000 With Enhanced STAR $1,642 $1,675 $33 With Basic STAR $2,368 $2,416 $48 $2,960 $3,020 $60 Without STAR **Estimated tax increases are based on 2017 equalization rates and assessed values. The final tax rates will be established when the Board of Education adopts the tax warrant in August 2018.

STAR (School Tax Property Relief) Includes two components: $30,000 Basic Exemption $66,800 Enhanced Exemption Exemptions are adjusted for equalization rates and a sales price differential factor developed by the NYS Office of Real Property The maximum STAR savings cannot exceed more than 2% of the prior year savings- Simply stated the STAR savings cannot grow by more than 2%. Who is eligible? Primary residences qualify for the Basic Exemption if the combined income of the owners is less than $500,000 Homeowner s of primary residences with at least one person 65 years of age or older with a household income of less than $86,000 qualify for the Enhanced Exemption If your home was purchased after August 1, 2015 you will receive a STAR credit in the form of a check as opposed to a reduction in your taxes. Registration with the NYS Department of Taxation and Finance is necessary. Online registration can be found at: https://www.tax.ny.gov/pit/property/star/default.htm

Property Tax Relief Credit To be eligible for the credit you must: oreceive either the Basic or Enhanced STAR exemption or credit olive in a school district that is complying with the tax cap ohave an income of $275,000 or less ohave paid school property taxes in 2017

Property Tax Relief Credit Basic Credit Income 2018 Percentage of your BASIC STAR savings 2018 Percentage of your BASIC STAR savings $75,000 or less 60% 85% between $75,000 and $150,000 42.5% 60% between $150,000 and $200,000 25% 35% Between $200,000 and $275,000 7.5% 10% Enhanced Credit If your receiving the Enhanced STAR exemption or credit your income doesn t impact the amount of your property tax relief credit. Your credit amount will be a set percentage of your Enhanced STAR savings. The percentage for 2018 it is 26% and for 2019 it is 34%.

Proposition #2 - School Bus Includes the purchase of: 1 22 passenger Chevy Collins bus at a cost of $53,232 to replace bus #90 which is a 2009 Chevy Collins with approximately 75,000 miles For every $1 spent on a bus purchase approximately 77.8 cents is received back from NYS. The local share for these vehicles is estimated at $11,818.

2018-2019 Academic Program Highlights

College Course Offerings SUPA Biology(8 credits), SUPA Chemistry (8 credits), SUPA Economics(3 credits), SUPA Cybersecurity(3 credits), SUPA U.S. History (6 credits) Hudson Valley Psychology (3 credits), GCC Physics (4 credits),

College Course Offerings Houghton English (6 credits), JCC Elementary Statistics(3 credits), JCC Pre-Calculus(4 credits). JCC Calculus (8 credits). West Valley is able to offer 56 college credits throughout the junior and senior year. This is equivalent to just about 2 years of college credits and a great financial benefit to our students and families.

College Course History2012-2017 102 students took 457 college courses 1,375 credits earned out of 1,480 possible credits Benefits to college courses: Reduction in time and tuition for post secondary education More competitive college application Exposure prepares students

Secondary Program CTE Pathways: Culinary-Heavy Equipment, Animal Science- Criminal Justice Expansion of our Entertainment Technology courses into Programing II, 3-D design Instructional Support Team for grades 7-12 Career Cruising

Elementary Program Maintain state required and recommended contact time for Elementary electives including PE every day for grades K-3, twenty weeks of art, twenty weeks of music, library and computer instruction. Positive Behavior Intervention and Supports (PBIS): a school wide behavior, social skills, and character education program. Response to Intervention (RtI) in grades K-6.

Extra-Curricular Opportunities Boys on the Right Track Girls on The Run Mentoring Lego League K-3 STEAM Club Jr. Musical Chess Club

Special Education Programs 12:1:1 (K-2), 12:1:1 (3-5), Elementary Consultant Teacher and Resource Room program and, Secondary Consultant Teacher and Resource Room program

Budget Re-Vote Tuesday, June 19th WVCS Gymnasium 12:00 noon to 9:00 pm Thank you for your support!