Mt. Sinai School Board Delivers First Budget Presentation

Early estimates by the Mt. Sinai School Board indicate the new tax cap will have a heavy impact on the school's savings.

During Wednesday's Board of Education meeting, Superintendent Anthony Bonasera delivered a budget presentation, which estimated that the district would have just over $2 million left over at the end of the year, which comes from planned contingency and money hopefully underspent.

That will leave the district with no money to put into savings account, and the estimate is that around $3.6 million will be left in the district's savings account after expenses.

"We dont have the option or luxury anymore, because of the tax cap, to budget for contingency and overbudgeting anymore," Bonasera said. "The number we're allowed to raise with our tax levy is so limited it just will not fit into our budget."

The presentation focused on the Administrative, Salary/Benefits, Debt Service and Transportation areas of the budget, which generally account for 15 percent of the budget.

Click here to watch video of the entire meeting via BOETV.com. The next board meeting is scheduled for Feb. 15. at 8 p.m. in the Middle School auditorium.