School Budget 101
Current Budget Summary
2021-2022 Budget Planning Information
2020-2021 Adopted Budget
- 2019-20 Budget Approved: $44,692,702
- Tax Levy Increase: 1.9%
For a complete budget breakdown, please click here
Business Office and Tax Collector
The Business Office conducts the day-to-day business of the school district, including internal services such as payroll, health insurance benefits coordination, and external services such as accounts payable.
School Budget and Voter Information
Hudson Falls residents consider a school budget proposal on the third Tuesday in May each year. Before the vote, the Board of Education will work with district and school leaders to develop a budget proposal informed by the district’s mission, educational goals, fiscal challenges, and opportunities.
Property Taxes and Exemptions
New York State Funding Transparency Forms
What is a tax cap?
New York places restrictions on how school districts (and municipalities) may increase their tax levies. It requires at least 60 percent voter approval for a school budget if the proposed tax levy increase exceeds a threshold, known as the tax levy limit, which is unique to each district and calculated using a state formula.
Although often referred to as a “2 percent tax cap,” the law does not, in fact, restrict any proposed tax levy increase to 2 percent. The New York state comptroller released a report on “three years of the tax cap” in 2015 (PDF), and its 2014-15 data showed that of the state’s 700 school districts:
38 had a tax levy limit equal to 2 percent, but only when rounded.
363 had a limit greater than 2 percent.
69 had a limit less than 1 percent.