Superintendent's Corner
Dear School Community Member:

I hope this update finds you in the best of health and spirit as we finally say goodbye to winter and welcome the spring season with open arms!  The 2018-19 budget season is well underway as we head to the May 15th budget vote, capital reserve fund vote and board member election.

The Board of Education and the Central Administration have been working on a budget that continues to balance what school children need with what taxpayers can afford. The District’s budget season goal was to create a minimal impact on the tax levy while staying under the allowable tax cap.
The Board of Education, on April 3rd, 2018, adopted a budget of $43,606,807.  This is the budget number that the public will get to vote on this coming May 15th.  This budget is a 1.12% ($483,144) increase from the 2017-18 budget.
The tax levy that goes along with the budget number outlined above is a 1.90% ($368,061) increase over the previous tax levy. To get to this number the Board is applying $1,597,056 from the undesignated fund balance towards the tax levy to keep it low enough to support an increase of 1.90%.
Capital Reserve Fund

The Board of Education is asking the school community to approve a proposition that will allow the District to set-up a special savings account called a capital reserve fund.
Why are we asking for this? Many members of the school community, from parents to staff members to board members, have raised concerns over the past several years regarding the conditions of the school district’s parking lots. As you may know, our parking lots have been significantly deteriorating for the past several years.
While we gave parking lot renovations serious consideration in our previous building projects, the cost of parking lot repairs and replacements was so high that it would have raised our project costs by millions. As a result, we did not include parking lot renovations in our previous budget scopes.
The next question the District pondered was how to address the need for parking lot renovations without raising additional taxes. The answer we settled on was to set up, with voter approval, a savings account called a capital reserve fund.  A capital reserve would give us the opportunity to save money over the next few years so that we could present a future project to renovate our parking lots with no additional cost to the taxpayer beyond the monies that would be put away at the end of each school year.

A capital reserve fund allows the district to set aside money for future construction projects like a regular savings account. The fund cannot be established without voter approval and the reserve funds cannot be spent without voter approval.  We are asking for our capital reserve fund to have a $5,000,000 cap.  Once we have enough money put away to allow for a future project that will not raise taxes, we will go back out to the voters for their approval to fix our parking lots.
Where does the money for the capital reserve fund come from? Money would only be added to the capital reserve fund if there is a surplus at the end of the year. In this case, the board would authorize the funding of the reserve with some, or all of the surplus, with the total not to exceed $5,000,000. If there is no surplus, no money can be added to the reserve.
If you have any questions on the budget or the proposed capital reserve fund, please do not hesitate to contact me.
The budget vote, capital reserve fund vote and board elections take place on May 15th, 2018 (8:00 AM – 8:00 PM), in the junior-senior high school library. Please come out and vote!
Educationally yours,
Ivan J. Katz, Ed. D.
Contact Information
Dr. Ivan Katz, Superintendent
845-434-6800 ext. 1215
Ms.  Sarah Ungerleider
Superintendent's Secretary & District Clerk
845-434-6800 ext. 1215
Fax:  845-434-8346
Files Available for Download
Fallsburg Central School District
115 Brickman Road
Fallsburg, NY 12733
Phone: 845-434-6800
Fax: 845-434-8346
Junior Senior High School
115 Brickman Road
PO Box 124
Fallsburg, NY 12733
Main Office: 845-434-6800
Fax: 845-434-0168
Benjamin Cosor Elementary School
15 Old Falls Road
PO Box 123
Fallsburg, NY 12733
Main Office: 845-434-6800
Fax: 845-434-0871
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