Troy Board of Education approves new tax collection dates for 2021-2022 troyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from troyrecord.com Daily Mail and Mail on Sunday newspapers.
TROY, N.Y. â The Troy City School District Board of Education adopted a proposed 2021-2022 budget of $115,293,164. With this plan, the tax levy will increase 0%, which is $532,537 below the allowable tax cap of 1.4%.
This marks the ninth consecutive year the district has proposed a budget at or below the tax cap.
This year, residents will vote in person on the proposed budget on Tuesday, May 18. They will also vote for candidates running for three open seats on the Board of Education.
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In addition, they will vote on the establishment of a new $5 million capital reserve to be funded over 10 years. This reserve will be used to help keep district facilities safe and up to date, officials noted.