Southampton School District voters approved a Tuesday by a 621-363 vote and signed off on all six other ballot propositions.
The new budget means a 4.3 percent rise in the tax levy and 2.12 percent spending increase. The new tax rate will be $2.26 for every $1,000 of assessed property value, amounting to a $20 tax increase on a home valued at $500,000 and $40 for a home valued at $1 million.
About half of the budget increase can be attributed to a step-up in the size of the district’s annual payment on its debt for a $53.4 million bond that voters approved in 2007 for improvements and additions to district buildings and facilities. The size of the payment is increasing by $600,000, to $4.0 million. This will be the last year the size of the debt service payment will grow, according to Superintendent J. Richard Boyes, Ed.D.
The remainder of the budget increase mostly falls under the category of employee benefits and other obligations, such as a technology lease purchase program and interest payments.
The district will return $580,000 to taxpayers from its fund balance and an additional $400,000 from its employee benefit reserve to reduce the tax levy, which will be $47.8 million under the 2011-12 budget, and the balance of income would come mostly from tuition for Tuckahoe and Native American students and from state aid.
Voters additionally approved propositions for building repairs and improvements, upgrades at the , purchasing new school buses, and funding for the , and .Proposition Yes No Spend $1.1 million from the “Southampton Property Acquisition and Facility Construction Capital Reserve Fund” for alterations and repairs at the district’s bus garage. 604 331 Spend $200,000 out of the “Southampton Bus Fleet Replacement Capital Reserve Fund” for three new buses. 617 344 580 345 553 403 Southampton Youth Association Funding 633 331 Spend $3.1 million from “The 2007 Ten Year Capital Reserve Fund” on building repairs and improvements. 639 325