• CCSD Capital Reserve Plan - Adopted December 2024

Contrary to popular belief, the NYS property tax cap does not cap tax increases at 2%. Instead, schools must use a state formula each year to determine how much they can increase their tax levies by without having to seek a higher percentage of voter approval for the budget. This threshold may be different each year and must be determined by the District and submitted to the state by March 1st.

If the year-to-year increase of the District’s tax levy (portion of the school budget funded by property tax) is at or below the number determined by the cap, a simple majority (50% + 1) of voter approval is needed to pass the budget. If the budget proposal carries a tax levy increase above the cap, a super majority (60%) of voter approval is needed for the budget to pass. More information on the NYS Property Tax Cap is available on the NY State Education Department Website.       

The tax levy is the total dollar amount that is raised by annual property tax to fund the budget. It provides a major portion of the funding for the budget; the other major source of funding comes from state aid.

Fund balance is a reserve similar to a savings account; when District expenses are less than expected, or revenues are higher than projected, money remaining at the end of the year is held in the fund balance. The District utilizes fund balance each year as revenue in the budget to minimize spending cuts and hold down tax increases.

To be eligible to vote you must be:
• A citizen of the United States 18 years of age or older
• A resident of the Chatham Central School District for a period of 30 days or more directly preceding the date of the vote
• Registered to vote with either the School District or the Columbia County Board of Elections

The Chatham Central School District budget for the 2024-25 school year totals $35,428,551 and carries a projected tax levy increase of 2.89 percent, which is under the District’s 3.1 percent limit set by New York State’s property tax cap. Spending is up a total of $1,056259, a 3.07 percent increase from the 2023-24 budget. The District’s conservative budgeting practices, long-term financial planning, and use of reserves and fund balance to offset year-to-year cost increases helped the District keep the tax levy under the cap. 

Budget highlights include no cuts to student programming and the addition of Intro to Software Development, Printmaking, Sculpture, and Residential Maintenance & Repair electives at Chatham High School, Lab Aids Cells to Organisms and Fields & Interactions science classes at Chatham Middle School, as well as funding for the new CMS robotics team. Also included in the budget are bus replacement purchases and a small capital project to install exterior security cameras on campus. Learn more about the 2024-25 budget...

2024-2025 Budget Information
2023-2024 Budget Information
2022-2023 Budget Information
2021-2022 Budget Information
2020-2021 Budget Information
2019-2020 Budget Information
2018-2019 Budget Information
2017-2018 Budget Information
2016-2017 Budget Information
2015-2016 Budget Information
2014-2015 Budget Information
2013-2014 Budget Information
2012-2013 Budget Information
2011-2012 Budget Information
2010-2011 Budget Information
2009-2010 Budget Information

Questions or comments about the budget?

Email them to budget@chatham.k12.ny.us