Riverhead schools: With tax cap in mind, board thinks budget

09/13/2011 3:19 AM |

FILE PHOTO | Riverhead High School

Although school started just one week ago, the Riverhead school board is already set to schedule a timeline by which to hammer out a district budget for the 2012-13 school year at its meeting tonight.

Superintendent Nancy Carney will first meet with administrators Monday, Oct. 17 to discuss the budget outlook, according to the agenda for tonight’s meeting. The preliminary budget will be presented to taxpayers March 27.

The statewide vote for school budgets is set for May 15, 2012.

This will be the first budget the district creates while trying to work within the confines of the two percent tax increase cap, which was approved by the state earlier this year.

The board is also expected to vote to approve year-end adjustments to the 2010-11 school year budget, which leaves the district with a $22 million fund balance, $3.5 million of which will be used to reduce taxes in 2011-12.

The board meets tonight at 7 p.m. at the high school auditorium.

Click below to read the agenda

Sept 13