Written by Rich Forestano, firstname.lastname@example.org Friday, 07 December 2012 00:00
Teacher retirement in the Mineola School District could affect next year’s tax levy, which has a state-imposed 2 percent limit that was put into law in 2011. Finance Superintendent Jack Waters revealed that the district could have $800,000 exempt from the cap due to the estimated retirement costs that would go into effect in the 2013-14 school year.
Waters said the Teacher Retirement System (TRS) increases for next year is about $1.5 million. Mineola under state law could put out a 3.05 percent increase for the next year, with half of the estimated TRS cost spikes not included, leveling out piercing the cap, a move the district does not want to make.
Pension cost estimations, according to Waters, could be anywhere from 15.5 to 16.5 percent or $5.9 million. Employee cost rates for this year is 11.84 percent, with an estimated increase of 4.16 percent next year. The 2012-13 TRS payroll totals $37 million.
The first 2 percent of the employee cost rate is included in the levy cap calculation, according to Waters. Any increase over the 2 percent is exempt from the levy cap, which means if the district chooses, it can exceed the cap.
“It still has to be paid,” Waters said. “For example, where the first 2 percent has to be included in the levy cap, $740,000 is part of the calculation we have to prove to the state that this is where our pension costs are. The additional 2.16 percent ($800,000) is outside the cap and would be reflected as an exempt amount in terms of proving to the taxpayer that we have complied with the 2 percent [cap].”
Last year’s tax levy totaled $76,242,180. Waters said regardless of the exemption, the district would still work to not float a 3.05 tax levy increase.
“We would go out with a tax levy of 3.05 for the 2013-14 year but we would comply with the state saying the 1.05 [percent] is exempt. [The 3.05 percent] is something, all things being equal I don’t think we’re going to work towards.”
District Superintendent Michael Nagler pointed out that TRS alone is more than the 2 percent cap, “which is not good. What will be allowed under the law of the cap, we would be allowed to go out with 3 percent. That would be within the cap parameter. So it’s kind of a misnomer that you get this exemption; it’s a bad word because you’d think you’d be exempt from paying it, you’re not. It just doesn’t figure in to the 2 percent [state cap].”
Nagler noted that the TRS budget line is significant in how the district crafts a budget for next year. In May, the district floated and passed a $83,992,180 budget, a decrease of $229,458 or a 0.27 percent drop in spending from 2011-12.
“The levy calculation this year has some added twists in it,” said Nagler. “ Putting a budget…our norm has been around 2.5 [percent] over the last four or five years. It’s going to be a challenge to get to that number this year, but we haven’t really started crafting the budget yet. We’re just looking at big numbers. When we start to apply how we craft the budget, we’ll have news on this as we go along. This number is pretty astronomical and there’s no indication that this is leveling off.”
Board President William Hornberger said according to State Comptroller Thomas DiNapoli, that Mineola should anticipate future increases in employee cost rates.
“Everything is dependent upon the global capital markets and what’s driving their rate of return,” Hornberger stated. “Last year’s rate of return for the fiscal year ending June 30 was 2.8 percent. Apparently, that wasn’t good enough.”
Saturday, 25 October 2014 00:00
Way before Home Depot or Ace Hardware came into existence, there were little mom-and-pop shops like Munder’s True Value on Hillside Avenue in Williston Park. The hardware store, which opened its doors in 1948, is somewhat of a suburban dinosaur having outlasted several other hardware stores in the area.
“My father, Charles, opened this store in 1948 after returning home from World War II,” said Bill Munder, who took over the store operation seven years ago. “His parents wanted to know his plans after he returned home from the marines and he decided to open this store on Hillside Avenue.”
Friday, 24 October 2014 00:00
The debate over New York State Common Core standards continues, with students from the Mineola School District showing a mild resistance to the exams.
According to the New York State Allies for Public Education, Mineola had some of the lowest numbers, with eight students opting out of the English Language Arts test. However, not a single Mineola student missed the math test. In East Williston, the opt out rates were 75 students in ELA and 60 in math.
Thursday, 23 October 2014 00:00
The New York Cosmos hosted the Mineola Athletic Association’s Soccer Club recently for its penultimate fall 2014 home game. More than 140 members of the MAA soccer club and their families came out on a chilly October evening to show their love of the game. Twenty-two Mineola boys and girls had the honor of escorting the New York Cosmos and Ottawa Fury players onto the field in the traditional “Walk of Champions.”
The Mineola spirit must have inspired the home team, as spectators enjoyed the exciting 2-1 Cosmos victory, with the game-winning goal coming in stoppage time.
Thursday, 23 October 2014 00:00
As a current member of the Mineola High School Varsity Soccer team, senior, Catherine Cunningham has been dominating the scoring for the Mustangs. She has 12 goals and two assists in the last seven games.
In her last week of play alone, she amassed six goals in just three games. As a captain for the last two years, Cunningham has been an All-Conference and All-Class player, leading her team to two victories so far this season.