NEW ROCHELLE, NY (May 18, 2022) — Voters Tuesday approved the City School District of New Rochelle’s $298.8 million budget for 2022-2023.
The vote was 2,448 to 900, according to unofficial figures.
Voters also approved a $24.3 million capital bond proposition to provide necessary cash flow to complete post-Hurricane Ida repairs to the New Rochelle High School library and pool and Isaac E. Young Middle School until state and federal reimbursement is received. The vote was 2,491 to 708, according to unofficial figures.
In addition, Adam Cooper and David Peters were elected to five-year terms on the Board of Education. Cooper has been filling an unexpired term on the Board. The newly elected Board members start their terms on July 1, 2022, which is when the new budget goes into effect.
Results will become official when they are approved by the Board of Education on Wednesday.
The $298,760,957 budget carries a spending increase of 2.79% over the current year. The budget is supported with $64.3 million in state aid, $12 million from other sources including the federal government, and the appropriation of $1.7 million from the fund balance. It does not tap into the school district’s reserves. The tax levy increase is 0.98%, significantly below the New York State tax cap of 2.345%.