Budget At-a-Glance

Learn More!

​

2023-24

2024-25

$ Difference

% Difference

​

Expense Budget

$ 177,774,187

$184,934,125

$7,159,938

4.03%

Scarsdale Tax Rate*

$17.0994

$17.9147

$0.8153

4.77%

Mamaroneck Tax Rate*

$14.9705

$13.6940

-$1.2765

-8.53%

Total Tax Levy

$162,785,585

$170,035,914

$7,250,329

4.45%

*Tax Rates are estimates based on the most current assessment data available. Final rates are not finalized until July, 2024.

​

2024-25 Proposed Budget: Tax Payer Impact

Assumes median assessed home values of:

​

$1,300,000 (Scarsdale*)

+$1,060 from 23-24

[$187 more than tax cap]

​

$1,845,000 (Mamaroneck*)

-$2,355 from 23-24

[$203 more than tax cap]

​

*Equalization rates are determined by NYS; Tax rates are estimated based on current information available.

10-Year Budget History (2014-15 to present)

​

Avg. Budget-to-Budget increase = 2.14%

​

Avg. Tax Levy increase = 2.23%

​

Cumulative $ under tax cap: $4,531,166

We have been able to both add student support services and educational programming and stay under the tax cap over the past 10 years. This has resulted in budgets with narrower margins and the reliance on fund balance. This year, the cumulative effect of the past and inflationary pressures have created headwinds that require a larger than typical budget increase in order to deliver the program our students deserve.

Favorable student:teacher ratios:

​

Small learning communities @ SMS:

​

​

​

​

​

​

​

​

​

Student Choice & Agency @ SHS

• Student Course Requests Met = 99%

​

​

​

​

​

​

​

​

​

A sampling of SHS Special Programs:

⧫ A-School ⧫ Civ Ed ⧫ Science Research

⧫ Scarsdale Support Program ⧫ Senior Options

What Cuts Have Been Made?

​

• 1.0 FTE Public Relations Assistant position
• 1.0 FTE Cleaner position
• $900,000 in proposed or existing salary and wage costs have been reduced.
• $585,000 in contractual costs have been reduced or eliminated.
• $500,000 in various equipment, supplies, and textbooks have been cut.

What does this budget include?

​

• Varsity and JV “B” Sports remain in the budget for 24-25.
• Safety monitor schedules have been restored in the mornings (elementary).
• Door ajar sensor funding is included.
• 0.5 FTE Math position at SHS. (new)
• 1.0 FTE Sp. Ed. position at SMS and 1.0 Sp. Ed. Admin positions are included. (new)

NYS Foundation Aid Restoration

The final NYS budget, passed after our budget was adopted, restored Foundation Aid to the “save-harmless” level, improving the revenue picture by approximately $558,000. The administration recommends that the Board allow this restored revenue to fall to fund balance to minimize the reliance on fund balance to offset the tax levy.

The budget requires a tax levy increase of 4.45% which needs a 60% approval rate of the qualified voters present and voting. A budget requiring only 50% approval would require $1.343 million of programming to be eliminated from the budget. A full list of items that would be proposed to reduce the budget by this amount can be found at https://bit.ly/3WwJwDj.

​

What happens if the budget is defeated?

• A second budget could be presented for a re-vote on June 18, 2024.

​

• A twice-defeated budget results in a Contingent Budget that requires over $7 million to be removed from the budget, which would result in a significant impact to programming, class sizes, and other major aspects of the student experience.

• A tax cap compliant budget would require an additional $1.34 million in cuts, including:

⧫Teaching positions ⧫Varsity & JV B Sports

⧫Teacher aide positions ⧫Texts & Supplies

​

• The contingent budget tax levy cannot exceed the current year’s levy, and would necessitate $7,250,329 in reductions, including:

⧫20+ teaching positions ⧫Administrative, Clerical, & Facilities staffing reductions ⧫Capital Projects ⧫Prof. Development ⧫Supplies & Materials.

This would impact all schools.

​

​