The Northern Westchester Examiner

Increased State Aid Helps Yorktown Reduce Tax Hike

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YORKTOWN LOGO grad 348CMasterAn unexpected boost in state aid enabled Yorktown school officials to reduce the proposed tax increase in the 2013-14 budget to 2.17 percent.

The Board of Education last week adopted a nearly $94 million budget for voters to ponder on May 21 and announced it was utilizing $353,000 of an additional $878,000 in state funding directly to slash what had been a 2.5 percent tax hike.

The remaining $525,000 was used to restore two positions in the middle school; cover salaries and benefits for special education teachers; make up for lost revenue from a tenant at French Hill Elementary School; and create a contingency fund for anticipated new teachers that may be needed for possible increased enrollment.

Spending is up $1.8 million, or nearly 2 percent, from this year’s ledger, and the 2.15 percent tax levy is well below the allowable 3.74 percent tax cap.

To balance the budget, the district is using $1.4 million from cash reserves.

While Yorktown property owners will only see a 2.17 percent tax hike, residents in the Cortlandt side of the district will see a 5.5 percent increase, and a small percentage of New Castle residents will see a 4.4 percent jump.

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