Board of Education adopts proposed 2024-25 school budget

Proposal maintains programs, services, staffing; provides additional learning opportunities and supports for students

During its regular meeting on April 9, the Watervliet Board of Education voted unanimously to adopt a proposed $41,394,000 budget for the 2024-25 school year.

The school budget proposal represents a $3.6 million, or 9.6%, increase compared with the current-year budget. The spending plan will allow the district to maintain all personnel, programs and services, and will provide additional supports and learning opportunities for students. A projected increase of $2.6 million in state aid will help offset the spending increase.

Under this proposal, the tax levy would increase an estimated 1.89%, which is well below the district’s maximum allowable limit. Because the tax levy increase remains below the district’s allowable limit, as determined by the state’s tax “cap” formula, a simple majority of voters (50% + 1) is needed to pass the budget.

Residents will vote on the proposed 2024-25 school budget on Tuesday, May 21, from 11 a.m. to 8 p.m. at one of two polling locations: the Watervliet Elementary School or the Watervliet Elks Club.

Proposition 2: Capital Reserve Fund

In addition to the proposed budget, residents will also consider a referendum on May 21 that would authorize the district to establish a Capital Reserve Fund not to exceed $10 million for future construction projects and other major capital purchases. The capital reserve is a separate account funded by annual transfers of unexpended operating funds, and would not increase local taxes. Funds from the reserve cannot be spent without voter approval. Any money left in the capital reserve fund at the end of its 10-year term would automatically transfer back to the district’s general fund.

Board of Education election

On May 21, voters will elect two members to the Watervliet Board of Education to serve three-year terms beginning July 1, 2024. Interested candidates should contact District Clerk Bernadette Boardman at 518-629-3201 to request a candidate nominating petition, which must be completed and submitted no later than 5 p.m. on Wednesday, May 1. More information about school board candidacy

Public Hearing

All are welcome to attend a public hearing on the proposed 2024-25 budget that will be held Tuesday, May 7 at 6 p.m. in the Administrative Conference Room at Watervliet Jr.-Sr. High School. In the meantime, if you have any questions, please contact Dr. Donald Stevens, Superintendent of Schools.

A reminder to check the budget tab on the district website for more information and updates as we move closer to the May 21 budget vote and school board election.