shortcut
Cohoes City School District

Budget & Finance

 

Cohoes residents approve $41.8 million school budget, elect two to Board of Education

May 16, 2017—Cohoes City School District residents approved a $41,826,200 budget for the 2017-18 school year by a vote of 376 in favor to 274 opposed. The budget includes a spending increase of 0.97 percent over the current 2016-17 fiscal year and carries a 1.62 percent tax levy increase. This means the district will collect the same amount of taxes ($14,710,755) as last year. More details on the budget vote and BOE elections here>>

 

What's new in the 2017-18 budget?

New positions (FTE = Full-Time Equivalent):

1.0 FTE Elementary/AIS teacher

0.4 FTE HS Career Coordinator

0.2 FTE Social Studies CHS

0.2 FTE Social Studies CMS

1.0 FTE HS School Safety Officer (from part- to full-time status)

1.0 FTE Guidance HS (Community Schools State Aid)

1.0 FTE Social Worker MS (Community Schools State Aid)

Stipend - Teacher Leader for PE, Health & Athletics

1.0 FTE Special Education Teacher - VS

1.0 FTE Special Education Teacher Assistant

1.0 FTE Special Education Teacher Aide - VS

0.5 FTE Speech - Elementary

0.5 FTE Medicaid Reimbursement Clerk

1.0 FTE Cleaner

Also:

CDTA Transportation for Grades 6-12 ($127,500)

 

Cohoes City School District audited by Office of the State Comptroller
Final Audit Report
District response

District addresses budgeting practices sited in final report

August 5, 2016—The Cohoes City School District received its final report from the New York State Comptroller’s Office summarizing findings of an audit on the district’s fiscal operations from July 2012 through June 2015. The examination resulted in no findings of material weakness, operational improprieties, waste or abuse.

Read the full story>>

 

Understanding New York's Tax Levy Cap

When Cohoes voters head to the polls to vote on the school budget each year, they cast votes for a budget plan shaped in part by a law known to many as the Property Tax Cap. Approved by the State Legislature in 2011, this complex law is intended to provide property tax relief.

The law does not create a cap, but a threshold that determines the level of voter support needed to pass the budget every year. That threshold is different for every school district in the state.  

Tax cap fact sheet [pdf] - Three Levy Numbers

Tax Levy Limit Formula - How does it work? [PDF]

 

Tax levy v. tax rate

The tax levy is the total amount of money the school district raises in property taxes. Actual tax rates are dependent on several factors including assessment practices and equalization rates.

The tax levy in 2016-17 is $14,710,755.

 

Tax rates are not set until July — after the state certifies assessment rolls for the properties in the city of Cohoes. Tax bills are sent out in September after this process has concluded. The school district has no control over assessment practices — and does not collect more in taxes than the amount it levies.

The tax rate in 2016-17 is $35.42 per $1,000 of assessed value.

the STAR Tax Relief program Fact Sheet [PDF]

Information on tax collection>>

 

Business Office

Stacy Mackey, School Business Official
7 Bevan Street, Cohoes NY 12047
(518) 237-0100