The District held their first Budget meeting tonight. The meeting was only 30 minutes and because of time constraints, no resident was able to ask questions. There is another budget meeting February 15, 2022 at 1:00 pm Zoom link will be provided. If you have questions, or would like to ask a question for Mr. McDaid to answer at the February 15, 2022 meeting, please email Mr. McDaid or call him below.
Mr. Thomas P. McDaid, Jr., Esq.
Assistant Superintendent - Business and Operations
tmcdaid@nmerrick.org
(516) 292-3696
Link to budget materials ca be accessed below:
Here is what CRONM was able to understand from the 30 minute presentation:
The “Tax Levy for 2022-2023” or The total amount of property taxes a school district must collect to balance its budget, after accounting for all other revenue sources including state aid is projected to be $24,858,449.00. The projected revenue for 2022-2023 budget year when adding in all school aid, PILOT programs, ect… is $36,020,048.00. For the 2022-2023 year, our district is going to get an additional $1,354,588 in added revenue. Part of the added revenue is going to fund the rise in insurance costs which increased 12%. Part of the added revenue, we believe (need to clarify with Mr. McDaid, please don’t quote us) will go to reserves
We also understand that District received new grants (need to find out the amount) and between 1-2 million in COVID relief aid. We will wait to see whether any new programs are going to be added when District presents the program component presentation.
We were able to find out that they are adding a new class for the this year’s 3rd grade. Next year in 4th grade there will be 4 instead of 3 classes to address the overcrowding at CAMP Ave.
CRONM will continue to report on budget and provide a bullet point rundown at conclusion of all meetings.
If you have questions, email CRONM-ahiggins@cronm.com
Next Budget meeting is February 15, 2022 at 1. Next BOE and budget meeting March 2, 2022 at 6:30