{ title: 'The Times of Northport & East Northport. (Setauket, N.Y.) 2005-current, September 15, 2005, Page 3, Image 3', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/2008245210/2005-09-15/ed-1/seq-3/png/', label: 'image/png', meta: '', }, { link: '/lccn/2008245210/2005-09-15/ed-1/seq-3.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/2008245210/2005-09-15/ed-1/seq-3/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/2008245210/2005-09-15/ed-1/seq-3/ocr.txt', label: 'text/plain', meta: '', }, ] }
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s w + + a + f Slight dip in school tax Less retained in fund balance, higher assessed value than expected BY ELIZABETH W. SOBEL The - Northport-East - Northport School District accounting office has finalized its financial records for the 2005-06 school year, according to Assistant Superintendent for Business Barbara Salatto, and although the records haven't yet been audited, it appears Salatto indicated that the district will have a remaining fund balance of $2,008,901 after applying the carry-for- ward balance of $2,475,000 to the tax levy. as planned for an June 2005. This $2 million represents a portion of the two-percent fund that state law allows distracts to set aside for emergencies. that the tax rate will be Two percent of the lower than expected, F school district's 2005- Schools Superintendent The estfmatefl tax 06 budget equates to Bill Brosnan said Fate ... is projected 52413.742. Therefore, Monday. to increase 9.67 the district will retain The estimated tax $404,841 less than per- rate for the 2005-06 percent.... milted by law, or 1.66 school district budget of $120,687,138 is pro- jected to increase 9.67 percent. which is slightly less than the 9.69 percent tax rate hike projected in June. \This is a good news memo,\ Brosnan said at the September 12 school board meeting. \It is important to remember, however, that these records have not yet been audited and that the numbers could change.\ A September 6 memo from Barbara percent, as opposed to the 1.27 percent ongi- nally planned for m June. Brosnan also said the Town of Huntington's assessed value 1s also higher than estimated in June. Property has been assessed at $81,196,506, or $17,815 more than originally projected. However, New York State ard will remain - at $8,516,871. Hours: Mon. - Fi. 1:30-10:00 pm « Sat: By Appointment Station w- v- g From left to right, Northport-East Northport school board president Ariene Munson. Superintendent Bill Brosnan and board member Kay Sato durning a workshop session after the September 12 public meeting. Photo by Elzabeth W Sobel Energy costs up $100,000 In crisis, BOE could increase budget BY ELIZABETH W. SOBEL Everyone expected increased costs in the areas of transportation and heating this year, - Superintendent | Witham Brosnan said during the Northport-East Northport school board meeting on Monday, but no one instead rose 70 percent Fuel prices are in part due to Humcanrne Katrina's wrath, which pum meled the Gulf Coast area two weeks ago The storm knocked out offshore ofl ngs and two major oil refinenes in Louisiana. making gas predicted the costs of fuel to rise so drastr prices and the cost of crude oil skyrocket cally. 'This is going to be an _ Mos people have wit According to expensive year.’ nessed the exorbitant Brosnan. the school - SCHOoOLs - 0s¢ at the gas pumps. district is facing an SUPERINTENDENT _ with many gas stations energy cnsis of sorts. BILL BROSNAN - advertising their price A spike in fuel costs in for mid-grade gas at the _- aftermath _ of Humcane Katrina is putting stress on the district's coffers and the district will have to be careful with how it spends its money until it receives tax revenue in February, he said. \This is going to be an expensive year,\ Brosnan announced to the board and community. \Rising fuel costs are going to cost the district an extra $100,000. I thought we were in good shape, because some of our buildings run on gas with oil backup, but apparently the rise is more than we expected.\ Brosnan - said - that _ Assistant Superintendent Barbara Salatto includ- ed increases in this year's budget that would absorb the rising cost of fuel. The district's expectations. Satatto said she thought gas prices would hold firm, but $3 49 per gallon. One of the ques uons board members asked at Monday night's work session was what the district could do in the event that fuel prices reach an even higher level Trustees were concemed that the district might have to increase the approved budget to afford the extra cost Brosnan explained that a board can increase a budget for a number of emer gencies, one being a contract obligation that was not realized at the formation of ther budget The budget can also be increased if there is an emergency expense. \We cannoi increase the budget unless :it becomes an emergency.\ Brosnan said. Brosnan indicated that the distract will monitor fue? costs m the coming weeks
