Elmira City School District 2022-2023 Tax Cap Budget

ELMIRA CITY SCHOOL DISTRICT 2022-2023 TAX CAP BUDGET AND PROPOSITIONS

CONSIDERATIONS No Changes to the Tax Cap Formula Allowable Tax Levy Growth factor (CPI) capped at 2% Current inflation 4.7% highest since inception of the NYS Tax Cap for districts No Pension Exclusion for 2023 BOCES Capital Expenditures Year 3 of reporting

Real Property Tax Levy for Base Year Tax Base Growth Factor (min of 1.0) x Adjusted Tax Levy subtotal PROPERTY TAX CAP CALCULATION Base Year PILOTS + Base Year Levy plus PILOTS Capital exclusion for FY 22 + Subtotal Allowable Levy Growth Factor based on CPI (Not to exceed 2%) x Levy including levy Growth Factor Budget year PILOT receivables - Levy less budget year PILOTS Capital Expenditures net of aid Total Tax Levy including Exclusions

2023 Real Property Tax Levy for Base Year $ 34,849,948 Tax Base Growth Factor (minimum of 1.0) 1.0022 Adjusted Tax Levy subtotal $34,926,618 Base Year PILOTS $ 228,818 Capital Exclusion for FY 22 $ (1,351,112) PROPERTY TAX CAP CALCULATION 2022-2023 Subtotal $33,804,324 Allowable Levy Growth (not to exceed 2%) 1.0200 Levy including Levy Growth Factor $ 34,480,410 Budget year PILOTS receivables $ (229,737) Levy less budget year PILOTS $34,250,673 Capital Exclusion net of aid for FY 23 $ 610,898 Total Tax Levy including Exclusions $ 34,861,571 0.03%

110 N. Main St. (10 year agreement 2028) Aces & Eights Realty LLC (10 year agreement 2025) Arnot Ogdon Medical Center Ivy 2 (Ends upon notification) Arnot Ogdon Medical Center Women s Health Center (Ends upon notification) PILOTS CAF USA, Inc. (Agreement ends 2028) Maloney Properties, LLC (10 year agreement, ends 2028) Chemung County IDA Lake Street (Ends 2026) Elm Chevrolet Van Fleet Holding (Extended Annually) Fennell Properties (Ends 2027) International Brotherhood of Electrical Workers (Ends 2024) NY Baldwin II, LLC (20 year agreement, ends 2038) National Tax Search FBO Bank of NY (Extended annually) New York Beauty and Barber Academy, LLC (Ends 2026) Park Terrace Apartments Associates (Ends 2034) Southern Tier Custom Fabricators, Inc (Ends 2031) William Lake Properties (Ends 2026) Capriotti Properties (Agreement started 2016, 3 Properties in years 2 and 4 of 10) Chemung Properties, LLC (Agreement began 2018, 10 years) PG West Water Street Corp (Agreement began 2018, 21 years) Reidman Properties Elmira, LLC (Agreement began 2021, 10 years)

Current $ 34,849,948 0.00% 0.03% $ 34,849,948 $ 34,861,571 $ 0 $ 11,623 TAX LEVY LIMIT 2022-2023 ABLE TO INCREASE LEVY .03% WITHOUT SUPERMAJORITY

GOVERNORS PROPOSAL $1.6 billion increase to Foundation Aid No proposed changes to expense based aids Tuition Rate Methodology - Division of Budget would implement an 11% cost of living tuition increase for 2022-23 Retiree Income Waiver - would allow public sector retirees to work for a school district without income limit or impact on current retirement benefits if approved remain in effect through 6/30/2024 Database Freeze Prior Year Aid - propose to freeze max aid payment to November database Electric School Buses would require all new bus purchases to be zero emissions by 2027 & all buses in operation to be zero emissions by 2035. State funding for infrastructure, authorize lease or financing up to 10 years instead of 5

2022-2023 EXECUTIVE BUDGET PROPOSAL 2021-2022 $96,340,680 2022-2023 $100,229,347

VOTER APPROVAL OF BUDGET RESOLVED, that the proposed $XXX,XXX,XXX General Fund Budget of the Elmira City School District, Chemung County, New York for 2022-2023 be approved in accordance with Section 2022 of the Education Law and that the balance of said budget, after applying public monies thereto, be raised by a tax upon the taxable property of said district. BALLOT PROPOSITIONS 2022-2023

SALE OF ARTHUR W. BOOTH SCHOOL RESOLVED, that the Board of Education of the Elmira City School District be authorized to sell the real property located at 414 Davis St., City of Elmira, Chemung County, New York (Tax Parcel Number 89.18-7-1), commonly known as Booth School and consisting of approximately 3.90 acres and improvements thereon, to Andrew Mitchell and Andrew Hughes, for an amount not less than two-hundred ninety- nine thousand Dollars ($299,000). BALLOT PROPOSITIONS 2022-2023

ESTABLISH CAPITAL RESERVE RESOLVED, that the Board of Education be authorized to establish a capital reserve fund under the provisions of Education Law Section 3651(1) for the purposes of capital construction, repair, and rehabilitation and for the acquisition of furniture, fixtures, buses, and equipment; in a total amount not to exceed $20,000,000; for a probable term of ten years; and funded by any or all of the following sources; unappropriated fund balances from the general fund, state aid related to expenditures from this capital reserve fund, interest income related to investment of monies in the fund, and any other additional monies hereafter authorized by the voters of the District. BALLOT PROPOSITIONS 2022-2023

CALENDAR APRIL 1ST STATE APPROVES BUDGET APRIL 6TH BUDGET PRESENTATION APRIL 1ST APRIL 19TH BUDGET REVISIONS APRIL 20TH BOARD APPROVES FINAL BUDGET AND BOCES BUDGET MAY 10TH BUDGET HEARING MAY 17TH BUDGET VOTE

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