School Budget

2022-23 School Budget Information

AT A GLANCE: $45,995,227   
Tax Levy 
at Tax Cap: 1.48%

NCSD Budget: 414 Yes / 174 No, 70.41% YES

Library Budget: 424 Yes / 160 No, 72.60% YES

Capital Reserve Proposition: 456 Yes / 126 No, 78.35% YES

BOE Results:

Debra Phelps will be joining the Board of Education in the upcoming school year and Kiernan Hamilton will continue to serve on the BOE

The following propositions were presented to voters at the May 17, 2022 Election and Budget Vote:

Proposition:

Shall the Board of Education be authorized to expend the sum set forth in the proposed statement of estimated expenditures in the amount of $45,995,227 and to levy the necessary tax thereof?”

Proposition: ESTABLISHMENT OF 2022 CAPITAL RESERVE

Shall the resolution be adopted:

Resolved, the Board of Education of the Norwich City School District is hereby authorized to establish a capital reserve fund pursuant to Section 3651 of the Education Law to be designated, “2022 Capital Reserve Fund” created to defray the cost of the construction, reconstruction and equipping of School District buildings and facilities, including original equipment, machinery, apparatus, appurtenances, furnishings, land acquisitions, and other incidental improvements and expenses in connection therewith, including but not limited to turf field and track installation, reconstruction, repair, and improvements and all costs incidental thereof, and to defray the cost of, in whole or in part, and in order to accomplish the same, the Board is hereby authorized to establish the ultimate amount of such reserve fund to Five Million Dollars ($5,000,000.00) inclusive of accrued interest and other investment earnings, with a probable term of ten (10) years. The Board of Education is hereby authorized to pay funds from the available fund balance, the balance of the unexpended funds from the Capital Equipment Reserve Fund in the amount of Two Hundred Twenty Eight Thousand Four Hundred Ninety One  Dollars and Thirty Two Cents ($228,491.32) plus any additional interest accrued as of the date of liquidation, state aid reimbursement to the School District on account of capital projects, such other monies as the voters may direct, and/or other legally available funds of the School District to such reserve fund in an amount determined by the Board of Education up to the maximum authorized amount.   .