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True North schools to hold budget hearings

The Minerva Central School is hoping to build international attendance.

The Minerva Central School is hoping to build international attendance.

— In preparation of the annual school budget vote on May 21, school officials in the True North districts are set to hold public hearings on their spending plans on May 13 and 14.

The Newcomb and Minerva school districts are asking voters to approve budgets that exceed the state-mandated tax levy cap.

Newcomb Central School: There will be a public hearing on the 2013-14 budget at 7:30 p.m. Monday, May 13. The School Board meeting starts at 7 p.m.

The following information was provided by School Superintendent Skip Hults.

The School Board will be asking residents to approve a budget that exceeds the state-approved tax levy cap. That means a supermajority of 60 percent of the votes is required for approval.

Proposed budget: $5,823,308

Current budget: $5,274,469

Budget increase: $119,656 or 10 percent

Proposed tax levy: $4,506,439

Current tax levy: $3,611,508

Tax levy increase: $894,931 or 24.8 percent

State tax levy cap: 6.94 percent increase

Estimated tax rate (Homestead): $3.11 per $1,000 assessed

Current tax rate (Homestead): $2.49 per $1,000 assessed

Estimated tax rate (Non-Homestead): $16.11 per $1,000 assessed

Current tax rate (Non-Homestead): $12.91 per $1,000 assessed

Propositions: None

Minerva Central School: There will be a public hearing on the 2013-14 budget with the School Board at 7 p.m. Tuesday, May 14 cafeteria.

The following information was provided by School Superintendent Timothy Farrell.

The School Board will be asking residents to approve a budget that exceeds the state-approved tax levy cap. That means a supermajority of 60 percent of the votes is required for approval.

Proposed budget: $5,142,296

Current budget: $5,040,939

Budget increase/decrease: $101,357, or 2 percent

Proposed tax levy: $3,497,089

Current tax levy: $3,210,401

Tax levy increase: $286,688 or 8.93 percent

State tax levy cap: 3.97 percent increase

Estimated tax rate: $10.98 per $1,000 assessed

Current tax rate: $10.08 per $1,000 assessed

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