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Parishville-Hopkinton voters eye $10.19 million budget

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PARISHVILLE — Voters in the Parishville-Hopkinton Central School District will be asked to approve a budget of approximately $10.2 million.

Superintendent Darin P. Saiff said the district’s $10,193,219 budget is a 1.3 percent increase in spending over the current year’s plan. The proposed budget for next year also carries a tax levy of $3,300,926, an increase of 2.8 percent, which meets the district’s tax cap ceiling.

Mr. Saiff said that while the budget does not reverse cuts made in previous years, it does not include any new cuts to staffing or programs.

Mr. Saiff said that even with next year’s aid increase of $82,950, the district will receive less from the state than it did in the 2008-09 fiscal year.

“The largest negative factor for us has been the gap elimination adjustment,” Mr. Saiff said. He said that this year, the district lost out on $338,991 in aid it otherwise would have received.

To help balance the budget, Mr. Saiff said, the board is using $900,000 in fund balance and $205,000 in reserves. He said the reserves decreased by $20,000 and the amount of fund balance used decreased by $44,000 from the current year’s budget.

Mr. Saiff said that despite the district being forced to use reserves in recent years, its finances remain in pretty good shape.

“If we were to use the total fund balance budgeted, our savings would likely extend our fiscal viability for about four years,” he said.

The district will hold its annual budget hearing at 7:30 p.m. May 14. The vote is from 1 to 8 p.m. May 21.

According to the district’s budget newsletter, the 2.8 percent levy increase translates to an estimated tax rate increase of $6.41 per $1,000 of assessed property value in Parishville, 36 cents in Hopkinton, 39 cents in Stockholm and 37 cents in Potsdam.

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