At the Putnam Valley Central School District, we will face some very significant budgetary challenges. The New York State legislature has imposed a 2% tax levy cap, which will be in place for the foreseeable future. This cap is tied to the rent control laws in New York City that have been in place since the 1950's. Enacting this cap will be extremely difficult to accomplish in Putnam Valley since just rolling over our budget for 2012-2013 will be a 6.7% tax levy increase. Therefore, we must curtail our expenditures by $1.46 million dollars. This will be difficult to do without affecting our exemplary staffing and programs.
Please check this column for updated information as we work with our budget advisory committee and other constituents to develop the budget for the 2012-2013 school year.
