Documents › Board of Education, 2026-01-08

budget 11 pages

Budget Development Update January 8, 2026 2026-2027 School Year - Croton-Harmon UFSD September & October: Budget Development Timeline (Sept. - Dec.) November & December: • Develop Preliminary Assumptions • Forecast Debt and State Aid Projections • Establish Budget Development Calendar • Meet with Budget Builders to Begin Planning Process • Distribute Budget Planning Worksheets January: Budget Development Timeline (Jan. - Feb.) February: • Initial Budget Discussions & Presentations • Review of Governor’s Executive Budget (Tentative) • Feb 20: NYSTRS Employer Contribution Rate Released • Spending Moratorium Begins Budget Development Timeline (Mar. - May) March: • Submit Allowable Tax Levy to OSC • Finalize Budget & Bus Propositions April: • April 1: State Aid Secured (Governor’s Budget) • April 21: BOE Budget Adoption & PTRC Submission May: • May 7: BOE Public Budget Hearing • Tuesday, May 19th: Annual Budget Vote Revenue Assumptions • State Aid Foundation Aid: Expected to remain stable Expense-Driven Aid: • Building & Transportation Aid Remain Stable with Minor Shift in Allocations • BOCES Aid Stable • Interest Income Projected slightly lower due to Fed Rate Reductions • Tax Levy & Other Revenues Est. Allowable Growth Levy Factor: 2% Tax Based Growth Factor: 1.0040% ( 12/2025) Estimated Revenue Growth ~$1 million • Sales Tax (Westchester Cty): Projected to remain stable • Out-of-District Tuition Income: Slightly lower d/t graduating student • Salaries: Includes contractual wage & benefit escalation • Health Benefits: Health/Dental insurance increase projected at 5% increase • Pension Contributions: TRS (Teachers): Rates projected down to 8.25-8.75% (from 9.59%) ERS (NYSLRS - Civil Service): Rates projected up to average of 17.6% (from 16.5%) • Payroll Taxes: FICA employer contribution at 7.65% (Max base up 5.2%) Expenditure Assumptions - Personnel • Insurance: Comprehensive insurance costs increasing by 20%+ • Utilities: Costs projected to increase between 3 – 7% • BOCES: Increases in Admin, Capital, and Services costs • Debt Service: Expected to remain stable • Programs: Special Education placements expected to remain stable Enhancements to instructional spaces Expenditure Assumptions - Operational Strategic Next Steps ● Analyze and update state aid projections ● Refine salary projections ● Negotiate open Collective Bargaining Agreements (CHAA & ATU) ● Review enrollment projections & assess staffing needs ● Prioritize school building and department budget requests ● Determine transportation vehicle replacement needs ● Assess current year performance & prepare Fund Balance projections 2026-27 Presentation Schedule ● Jan 8: Budget Development Update ● Feb 12: Revenue Budget Summary ● Feb 26: General Support, Operations, & Propositions ● Mar 12: Vision Map, Technology, & Athletics ● Mar 26: School Building Budgets, Curriculum, & Pupil Personnel ● Apr 9: Superintendent’s Proposed Budget ● Apr 21: Budget Adoption, PTRC and BOCES Admin Budget Vote ● May 7: Public Budget Hearing Vote Day Information Tuesday, May 19, 2026 ● Time: 6:00 AM - 9:00 PM ● Location: Croton-Harmon High School (CHHS) On the Ballot: ● Budget Vote ● Trustee Election (3 Seats) ● Propositions Event: Tenure Celebration at 7:00 PM 5/19/2026 5/19/2026 Stay Connected Facebook @CrotonSchools Instagram @CrotonSchools Do you have questions about the 2026-2027 budget? You can email your questions to: Budget.Questions@chufsd.org @