SETTING THE TAX RATE FOR 2019-2020
At the September 12th, 2019 Board of Education Business Meeting, the Sayville Board of Education approved the tax rate proposed during the Sayville School Budget Vote in May. While the District projects a tax rate at budget time, it must wait for the Town of Islip to determine the final Assessed Valuations and Base Allocations of Sayville properties, factors that affect the tax rate.
In August, the District received its updates for the Assessed Valuations and Base Allocations from the Town of Islip. To keep within the projected tax-rate increase of 2.34% before S.T.A.R, the Sayville Board of Education has approved the use of an additional $176,000 from Fund Balance Reserves. This is possible due to Sayville School District’s good financial condition. It also demonstrates the Sayville Board of Education’s continued commitment to educational excellence and support of the Sayville community.