Fulton’s proposed school budget for 2012-13 makes its final public appearance tonight before voters decide its fate.
The public hearing takes place at 7:00 p.m. at the Fulton Education Center on S. Fourth St.
Superintendent Bill Lynch will present a $62.4 million budget that raises spending about 3.5% but raises the tax levy by only 1.9%.
For the first time in several years, no layoffs will be required to make this budget work. At nearly the last minute, state legislators got Governor Cuomo to agree to give more state aid to schools like Fulton, which is a school with a high need for state aid and low local property wealth.
However, the district is using $2 million in reserve funds to balance its budget. This is the last year that the district can use that much money from its reserves. Governor Cuomo, as he implemented deep cuts in state aid, told schools to drain their reserves.
Detailed information about the budget can be found here.