The Ithaca City School District will revisit its 2024-25 budget after voters rejected the initial $168 million proposal, which included an 8.42% tax levy increase, the purchase of four electric school buses, and a $125 million capital improvement bond.
Officials acknowledged the record voter turnout and the clear message from the community during a finance committee meeting. The district is now considering three new budget options:
- A $3.8 million reduction in the budget, still over the tax cap.
- A 2.9% budget increase, meeting the tax cap and requiring 50% voter approval.
- A contingency budget with a 0.8% increase and no tax levy hike, resulting in a $9 million cut and requiring no vote.
The district may also adjust the proposal for new school buses before the final vote. A second budget vote could take place on June 18. If it fails, the district will implement the contingency budget, leading to widespread cuts.
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