Two teachers and a teaching assistant were to be eliminated by lay off. Three other teachers and a teaching assistant were to become half-time positions.
District administrators have agreed to a pay freeze.
While cuts dominated the proposed budget, there were a few spending increases. Fuel costs for next year are anticipated to increase $25,000 and employee retirement costs are up 14 percent.
If the budget is again rejected state law requires the district to adopt a contingency budget.
The initial proposed $19 million spending plan was defeated, 499-443, in voting May 17.
Ticonderoga has 904 students and employs about 200 people full- and part-time.