2022-23 budget overview

7/26/22

School taxes to rise 1%, less than predicted in May

Thanks to growth in the school district’s tax base, the projected tax increase for the 2022-23 school year will be 1%, less than the 1.61% predicted before the budget vote in May.

The Board of Education adopted the new rates last night. The new rates are used to calculate tax bills in September. For a typical home assessed at $160,000, that means an increase of $37 per year or $3.08 per month.

These increases are before savings from the New York State School Tax Relief Program (STAR). Those savings are estimated at $596 for Basic STAR recipients and $1,199 for Enhanced STAR recipients (over age 65).

The new tax rates are as follows:

• Town of Glenville/Village of Scotia: 23.899 per $1,000 assessed value (1% increase from the 2021-22 rate)
• Town of Amsterdam: $224.055 per $1,000 assessed value (6.5% increase from the 2021-22 rate)
• Town of Charlton: $28.451 per $1,000 assessed value (-3.81% decrease from the 2021-22 rate)

Andrew Giaquinto, school business manager, said the tax base grew by $7.95 million from this time last year because of higher or full assessments on Glen Sanders, Well Now and Chipotle.

5/17/22

Thank you, Scotia-Glenville!

Budget vote to be held May 17

The community vote on the:

• $60.275 million 2022-23 budget
• $385,000 bus purchase proposal and
• election of two Board of Education candidates

will be held from 7 a.m. to 9 p.m. on Tuesday, May 17 in the B-wing gymnasium at the high school, Sacandaga Road.

The proposed budget is $1.15 million more than the 2021-22 budget, representing a year-to-year spending increase of 1.9%. The 2022-23 tax levy increase will be 1.61%, slightly less than the state tax levy limit of 1.62%.

Under the proposed 2022-23 budget, the Glenville/Scotia tax rate would increase by 1.61% to an estimated $24.04 per $1,000 (from the current $23.66 per $1,000) of assessed value. That is a 38 cent increase in the per $1,000 assessed value tax rate. A home with an assessment of $160,000 would see an estimated tax bill increase of $60.80 per year, or $5.07 per month.

• Read more about the budget, which was adopted on March 28.
• Here’s the budget newsletter that was mailed to 9,200 Scotia-Glenville addresses.
• 2022-23 Property Tax Report Card