Written by Gary Simeone Saturday, 22 February 2014 00:00
At the Glen Cove Board of Education meeting on Monday, Feb. 10, Assistant Superintendent for Business Victoria Galante presented the second budget hearing for the 2014-15 school year. The workshop covered expenditures and the administration component of the upcoming budget.
The first order of business was P.I.L.O.T.s (Payments In Lieu Of Taxes). Included in these was the Avalon Bay Phase 1 ($1,027,379.75); Avalon Bay Phase 2 ($357,718.18); 18 School Street LLC ($127,582.11); Samuel Pierce Apartments ($24,817.69); and Men on the Move self-storage facilities ($38,877.29).
“We also have new ones, the National Healthplex, which has been has been extended, and the movie theater, which came in a little while ago,” said Galante.
The cost of National Healthplex is $227,554.79 and the movie theater is $38,877.29.
Galante added that the extension of the Healthplex (Regency) P.I.L.O.T. and the addition of the movie theater P.I.L.O.T. will cause a change in the tax levy. The new tax levy limit will be presented at the Feb. 24 board of education meeting.
“We will have and will know the levy that is being reported on March 1,” said Galante.
The four budget reserves include the Employment Benefit Accrued Liability, the unemployment insurance, worker’s compensation and tax certiorari. The district anticipates using $55,000 from unemployment insurance in 2014-15, $350,000 from the worker’s compensation and $800,000 from tax certiorari.
Costs of the total administration component are $6,391,238.44 for 2012-13 expenses, $6,648,501 for the 2013-14 district budget and $6,828,817.98 for the projected budget in 2014-15.
At the next board meeting, Galante will update the public on the new tax levy limit with a spreadsheet comparison of year to year changes. She will also cover the program component, which consists of the largest part of the budget and possible reductions that are needed to balance the budget.
District Superintendent Maria Rianna said that the board will look at possible reductions in the budget without having too much of an impact on district programs.
“We will try to minimize the reductions to the best of our abilities,” said Rianna.
The next board of education meeting will be held on Feb. 24 at 7:30 p.m. in the Glen Cove High School library.