Sayville Board of Education
Holding the Line
On Setting the Tax Rate
Each year, the Town of Islip determines the “Assessed Valuation" of all properties in Sayville and also provides the “Base Allocation” breakdown between Homestead (Residential) and Nonhomestead (Business) properties. These values change annually based upon such things as the number of homes sold, new homes built, developed properties throughout the year, and Tax CERTs (adjustments to home owners’ tax rates).
Once Sayville School District receives this information (in August), it meets with the Board of Education, your elected volunteers from the Sayville community and fellow taxpayers, to set the final tax levy.
Despite the shift in base allocations that puts the burden on the residents this year, the Sayville School Board of Education voted to transfer $400,000 from the Fund Balance to keep the tax rate increase at the projected rate of 4.98%, which voters approved last spring.
While school districts across Long Island are experiencing similar base allocation shifts, the Sayville BOE’s continued success at holding the line is the result of their diligence in working closely with Sayville District Administrators, along with their commitment to excellence in fiscal as well as academic matters.
It is also to the Board’s credit that in the previous three consecutive years, the projected tax rate increase had been reduced to rates lower than originally proposed at Budget vote.
This kind of dedication in managing resources contributes to Sayville School District’s success in affording quality programs that give our students opportunities to excel.
The stabilized tax rate that will benefit Sayville residents can be attributed in part to:
• The excellent fiscal management of the District by the Sayville Board of Education and Administration,
• Sayville’s Moody Bond Rating of A1, which translates into an excellent credit rating and property valuation.
Sayville School District assures residents that we are listening to your concerns. We understand the challenges of this fiscal climate and its impact on the economy. We remain dedicated to offering our children the best education and realize that we can only succeed with our community’s support. Please join us at our monthly Board meetings and stay informed.
