5130 - Budget Adoption
|Policy: Budget Adoption||Policy Number: 5130|
|Date of Original Policy: 07/10/2002||Date Revision Adopted: 02/03/2021|
|Reviewed by Policy Committee: 01/13/2021||Date of Next Review: 05/22/2023|
|Replacement of Policy Number:|
The Jordan-Elbridge Board of Education shall review the recommended budget of the Superintendent of Schools and shall seek public input and feedback regarding the recommended budget including, but not limited to, holding a public budget hearing not less than seven (7) nor more than fourteen (14) days prior to the annual meeting at which the budget vote is to occur. The Board may modify the recommended budget of the Superintendent prior to its submission to District voters. Final authorization of the proposed budget is dependent upon voter approval unless a contingency budget is adopted by the Board.
In the event the original proposed budget is not approved at the Annual District Meeting and Election, the Board may resubmit the original proposed budget or a revised budget for voter approval, or individual propositions may be placed before District voters, at a special meeting held at a later date. In the alternative, if the initial proposed budget is defeated, the board may adopt a contingency budget and levy taxes as necessary for implementation of the contingency budget expenditures. If the voters fail to approve the second budget submittal, or budget proposition (s), the Board shall adopt a contingency budget in accordance with law.
The School District budget for any school year, or any part of such budget, or any propositions(s) involving the expenditure of money for that school year, shall not be submitted for a vote of qualified District voters more than twice.
The School District budget, once adopted, becomes the basis for establishing the tax levy on real property within the District.
Education Law Sections 1608,1716,1804(4),1906 (1),2002 (1), 2003 (1), 2004 (1), 2022, 2023, and 2601-a
8 New York Code of Rules and Regulations (NYCRR) Sections 100.2 (bb), 170.8 and 170.9