SILVER CREEK - District tax rates are set for the 2008-09 budget year.
At the Silver Creek Board of Education meeting Wednesday, board members approved the official tax warrant for the 2008-09 fiscal year, fixing tax rates for the three townships encompassed by the school district - Hanover, Sheridan and Brant. The rates come following the finalization of town tax rolls July 1, which feature the most updated property assessments.
With a total district budget of $18,377,937, the 2008-09 tax levy is $5,109,590. The final figure shows a slight decrease from what district officials anticipated in May - $5,157,950 - when the budget was finalized, and a decrease of $154,019 from the 2007-08 tax levy.
Tax rates for the 2008-09 year are $16.98 per thousand dollars of assessed valuation in Hanover; $22.95 per thousand dollars of assessed valuation in Sheridan; and $16.99 per thousand dollars of assessed valuation in Brant.
"The levy is actually a little bit less than what we had projected (at budget time)," Superintendent David O'Rourke said. "The impact on the tax rate is that it's down a penny from what we projected. We're right on target with what we expected."
O'Rourke said he expects tax warrants to be mailed to district residents by Sept. 8.
Payments can be made penalty free between Sept. 8 and Oct. 7, 2008. Those made between Oct. 8 and Nov. 7, 2008 will be charged a 2 percent penalty, and those made after Nov. 7, 2008 will be charged a 3 percent penalty.
In related news, the school board approved the tax certiorari settlement agreements of 35 parcels of the near 50 originally contested within the town of Hanover.
In other business:
n O'Rourke was authorized to execute a contract with the village of Silver Creek for School Resource Officer services in an amount not to exceed $27,158.40, of which the district will be responsible for just over $20,000.
n In the high school, 95 percent of summer school students who took Regents e xams passed, and 41 of the 49 who started summer school completed sessions.
n Architectural design for the capital project was approved and the district is awaiting mechanical, HVAC and electrical approval.
n O'Rourke said at this time the state budget crisis is expected to have no impact on district funding.
n Students return to classes Sept. 3.
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