BUDGET THIS YEAR INCREASED 7.9% OR $2,865,849 FROM LAST YEARS BUDGET. HERE IS THE BREAKDOWN:
• The tax cap for 2023-2024 year will not be pierced if current budget is approved.
Tax levy increased to 2.44% OR $607,429
• The total estimated revenue from our taxes for the 2023-2024 year is $38,885,897. District received $34,984,100 in total revenue for 2022-2023 year. Our district received an extra $2,865,849, in tax revenue for 2023-2024 year. This extra revenue mostly came from stated aid which totaled $11,995,475.00.
1) Administrative costs for 2023-2024 are projected to be $4,987,001. That represents a $394,383 increase from 2022-2023 year. Administrative costs for last year were $4,592,618.00. It still remains unclear why this district requires $5 million to operate three elementary schools.
2)Program Component increased from $26,461,559 (last years figure) to $28,696,070.00. It is good to see that district is using the extra state aid monies towards the Program Component. The program component of the budget includes teacher salaries, instructional classes, music, art, wings, parent university, textbooks, special ed, supplies, art supplies, equipment, computers, science supplies ect...
3) Capital Budget increased 13.387% or $5,202,826. The increase Includes the transfer to capital of $235,000 for the continued installation of air conditioners and electrical in classrooms, replace fence and gates around the front playground at OMR Remove and replace classroom floors in two rooms at Camp and installation of chimney cap on HD Fayette .
4) Health insurance and overall insurance for District employees continues to be a rising cost and challenge. While this is not just a North Merrick issue. CRONM is still waiting on the answer from the BOE on how they plan to address this growing cost and there appears to be no plan in place.
Below are links to relevant Budget Docs and Presentation
Budget Videos and Presentation
Budget Hearing & Regular Board of Education Meeting - May 9, 2023 - General Session