2019-20 Budget

Proposed 2019-2020 Budget Summary

Galway Central School District

April 30, 2019

 

The Board of Education has adopted a Proposed Budget for 2019-20 that would increase appropriations by $798,648 (3.71%) over 2018-19.

$553,800 of the total increase is attributed to the need to budget for additional debt service principal and interest payments for the on-going capital project.

The remainder of the Budget is increasing by a total of $244,848, which, in essence, represents the normal growth expected to keep the District going on the path toward educational excellence for the students. If the additional debt service appropriation were set-aside, then for comparison purposes the baseline 2019-20 budget is increasing by 1.2% over 2018-19.

The NYS Budget for 2019-20 is providing a 1.0% increase in Foundation Aid. That percentage contrasts to the most recent data for the cost of living, which has been in the range of 1.5% to 2.0%. 

In order to balance the budget, a tax levy change of 1.99% is being proposed, which is considerably less than the 4.99% allowed. 

Remaining Activities for the Budget Process:

  • May 9, Public Hearing on adopted Proposed 2019-20 Budget, 6:30 p.m. in the Auditorium
  • May 21, Vote by Public on Proposed 2019-20 Budget, Propositions, Members of the Board of Education; 10 a.m. to 8 p.m. in the High School Gymnasium


Budget Book 2019-20

Adopted Budget 2019-20

Budget Newsletter 2019-20

Tentative Budget 2019-20

Preliminary Budget 2019-20

Financial Condition Presentation Dec. 6, 2018

Budgeting Basics


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