MOUNT VERNON, N.Y. - The Mount Vernon Board of Education has approved a near $250 million budget for the 2017-2018 academic school year.
At the latest Board of Education meeting, members unanimously approved the proposed $246,169,123 spending plan, marking a 3.11 percent ($7,419,288) over last year’s budget.
The budget represents a 0 percent tax levy increase and the total proposed taxes to be collected by the school district will remain at $134,077,473, unchanged for the fourth consecutive year.
This year’s budget comes weeks after Moody’s Investors Service upgraded the district’s bond rating from A1 to Aa3, allowing the district to pay lower interest rates, save millions of dollars in debt service and provides additional money for schools and students.
According to school officials, “The proposed budget is 100 percent aligned with the Board of Education’s goals to create systems to promote student achievement and increase outcomes, paying particular attention to subgroups in order to close the student achievement gap and implementing a multi-year plan for improving buildings, grounds, and facilities, including the exploration of private and public partnerships.”