News
A Community Guide to Your Tax Bill
The Board of Education is committed to delivering a high-quality education while maintaining fiscal accountability to our taxpayers. For the 2026–27 school year, the voter-approved budget reflects an overall increase of 4.56%, balanced by increases in state aid (+$250,809) and a district tax levy change of +10.03% (+$417,302).
Important Context Regarding the Tax Levy:
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Tax Cap Compliance: New York State’s tax cap formula accounts for factors like district growth and state-allowed capital cost exclusions. Due to scheduled capital expense adjustments (a $326,444 increase in the capital exemption), the district’s approved levy sits strictly within the maximum threshold allowed by New York State law.
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Fair Tax Distribution: The district raises a single tax levy distributed across six member towns. State-determined equalization rates ensure property values are compared fairly, meaning tax rate changes vary by municipality.
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Community Support: The tax bill also includes a separately voter-approved $213,903 library levy, which the district collects on behalf of the Richfield Springs Public Library.
We encourage residents to review the full financial story and estimated rate changes by town. For complete details, download the 2026–27 Community Tax Guide PDF.
The Board of Education is committed to delivering a high-quality education while maintaining fiscal accountability to our taxpayers. For the 2026–27 school year, the voter-approved budget reflects an overall increase of 4.56%, balanced by increases in state aid (+$250,809) and a district tax levy change of +10.03% (+$417,302).
Important Context Regarding the Tax Levy:
-
Tax Cap Compliance: New York State’s tax cap formula accounts for factors like district growth and state-allowed capital cost exclusions. Due to scheduled capital expense adjustments (a $326,444 increase in the capital exemption), the district’s approved levy sits strictly within the maximum threshold allowed by New York State law.
-
Fair Tax Distribution: The district raises a single tax levy distributed across six member towns. State-determined equalization rates ensure property values are compared fairly, meaning tax rate changes vary by municipality.
-
Community Support: The tax bill also includes a separately voter-approved $213,903 library levy, which the district collects on behalf of the Richfield Springs Public Library.
We encourage residents to review the full financial story and estimated rate changes by town. For complete details, download the Community Guide to your Tax Bill.
