Setting the 2018-2019 Tax Rate

Every year in August, the Town of Islip determines the final Assessed Valuations and Base Allocations of communities. These final figures allow the school districts to set the actual tax rate for the current school year. (Often these numbers differ from the projected tax rates put up by school districts during the May budget votes.) However, once the town provides the actual figures, it becomes the responsibility of the school districts’ boards of education to set a final tax rate.

This year, due to a modest increase in the Town of Islip’s Assessed Valuations and a shift in Base Allocations from Non-homestead to Homestead, Sayville School District’s tax rate would have gone up from 2.24% (the projected rate in May) to 3%.

However, because Sayville School District Administrators and Board of Education are committed to holding the line at the 2.24% tax-rate increase which had been projected in May, the Board approved at the September 13th BOE Business meeting to use an additional $434,000 of Fund Balance Reserves to offset this increase.  Therefore the tax-rate increase remains at 2.24%.

As we have shared with the Community in the past, this is another perfect example of effectively using our available Reserve monies to help stabilize the tax rate and preserve educational opportunities for our students.

For further information, go to the Sayville School District Website and click on the Business Office.