The Cornwall Central School District (CCSD) Board of Education made significant strides in budget planning during their meeting on April 7, 2025, as they prepared for the upcoming fiscal year. The board discussed three budget options that will impact the tax levy and assigned fund balance, crucial elements in determining the district's financial health.

Option A proposes to maintain the tax levy at 2.5%, relying more heavily on the assigned fund balance, which would increase to $2.4 million. Option B suggests a 2.91% increase in the tax levy while keeping the assigned fund balance steady at $2.3 million. Option C offers a compromise, resulting in a tax levy of 2.7% and an assigned fund balance of $2.4 million. These options will be further deliberated as the board seeks to finalize the budget.

The meeting also highlighted ongoing uncertainties regarding state aid, with the New York State budget still pending approval. The board expressed hope that the state would provide more funding than initially projected, which could allow for a reduction in the tax levy or an increase in expenditures for programming and capital projects. Conversely, if state aid falls short, the board may need to consider raising the tax levy or adjusting the assigned fund balance.

Additionally, the board is preparing for a vote on May 25 to establish a new capital reserve fund, aimed at funding future projects with a maximum value of $5 million. This initiative reflects the district's commitment to long-term financial planning and resource management.

As the board gears up for its next meeting on April 24, where the budget is set to be adopted, members are keenly aware of the implications of their decisions on the community. The discussions from this meeting underscore the importance of strategic financial planning in ensuring the district can meet its educational goals while remaining fiscally responsible.