Tonight: Chappaqua Schools' 2013-14 Budget Preview

Chappaqua's school board will get a preview for its upcoming 2013-14 budget when it meets tonight. The presentation, which outlines the district's general fiscal situation now, can be read here.

The presentation (attached to this story) notes that in a rollover scenario, in which all 2012-13 items are carried over to 2013-14, a tax levy increase of 5.3 percent ($5,327,797) would be needed, which could exceed the state-mandated tax levy cap that is the lesser of of 2 percent or inflation. There are exemptions for the cap, such as changes to the tax base, but it's unclear if those would be factored into the rollover scenario.

Arollover scenario would also result in a net spending increase of 4.6 percent ($5,168,146).

The presentation also details several unknown fiscal issues, such as contributing to the state's pension fund for teachers, the school district's total assessed property value and what the tax cap's exact percentage number would be.

The school board's meeting starts tonight at 8:15 p.m. at Horace Greeley High School. It was rescheduled after being canceled more than a week ago amid snow. Click here for the agenda.

A formal budget proposal, which will be a preliminary version, will be presented at the school board's Feb. 27 meeting.