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1.72% spending increase and a 1.64% tax hike to support the budget. The difference will be covered by cash reserves that the school holds on the balance sheet.
I believe teachers are on a salary freeze, but I'm not sure. It's one of the best districts on Long Island and teachers with less than 5 years working experience are being compensated with salaries approaching $90,000. Teachers with over 10 years on the job no longer require contributing the 3% to retirement that all other teacher with less than 10 years must contribute.
1.72% spending increase and a 1.64% tax hike to support the budget. The difference will be covered by cash reserves that the school holds on the balance sheet.
I believe teachers are on a salary freeze, but I'm not sure. It's one of the best districts on Long Island and teachers with less than 5 years working experience are being compensated with salaries approaching $90,000. Teachers with over 10 years on the job no longer require contributing the 3% to retirement that all other teacher with less than 10 years must contribute.
Well even if they are asking for 1.64% hike why would you VOTE yes ? The money is not getting spent on education see here
Employee Benefits $33,487,428 $37,264,918 $3,777,490 11.28%
Total General Fund Budget $176,172,498 $179,209,899 $3,037,401 1.72%
Total budget increase is 3.03 million whereas benefit increase is 3.7 million so that mean you will get 750K less in services this year compared to last year even thought you are tax levy increase is 2.3 million.
We need pension reforms right now so align public sector with private or every year you will get less in services and pay more in taxes.
formy is right... essentially every year, your basic cost increases go to the salary increases, pensions and healthcare costs, the remainder is what is left for the children... my tax levy increase is 3.6% and they are cutting teachers etc so that it can be that low.... Pensions need to provide benefits based on what the funds make, not based on a guaranteed return off the taxpayer.... Stupid Sheldon Silver
formy is right... essentially every year, your basic cost increases go to the salary increases, pensions and healthcare costs, the remainder is what is left for the children... my tax levy increase is 3.6% and they are cutting teachers etc so that it can be that low.... Pensions need to provide benefits based on what the funds make, not based on a guaranteed return off the taxpayer.... Stupid Sheldon Silver
See the employee benefit year over year 11% increase that's a huge burden. We are not getting pay raise 11% year over year.
Same here with Three village considered a good school district well going by this will not stay good for long
Well even if they are asking for 1.64% hike why would you VOTE yes ? The money is not getting spent on education see here
Employee Benefits $33,487,428 $37,264,918 $3,777,490 11.28%
Total General Fund Budget $176,172,498 $179,209,899 $3,037,401 1.72%
Total budget increase is 3.03 million whereas benefit increase is 3.7 million so that mean you will get 750K less in services this year compared to last year even thought you are tax levy increase is 2.3 million.
We need pension reforms right now so align public sector with private or every year you will get less in services and pay more in taxes.
Page1 The lowest budget to budget and tax levy increase in 12 years. Yeah lowest increase but where is the money flowing !
The increased pension costs were around $2.5 M and health care was over another $1M an dit will be worse next year. I don't see the current contract but the salary for instruction actually decreased. You should have asked some questions about what the current contract is, and how they were able to reduce budget item for salary. Some basic information missing in their newsletter and it doens not indicate a salary freeze.
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Wow 90k for 5 year exp thats too much
