Written by Rich Forestano, firstname.lastname@example.org Friday, 07 December 2012 00:00
Teacher retirement in the Mineola School District could affect next year’s tax levy, which has a state-imposed 2 percent limit that was put into law in 2011. Finance Superintendent Jack Waters revealed that the district could have $800,000 exempt from the cap due to the estimated retirement costs that would go into effect in the 2013-14 school year.
Waters said the Teacher Retirement System (TRS) increases for next year is about $1.5 million. Mineola under state law could put out a 3.05 percent increase for the next year, with half of the estimated TRS cost spikes not included, leveling out piercing the cap, a move the district does not want to make.
Pension cost estimations, according to Waters, could be anywhere from 15.5 to 16.5 percent or $5.9 million. Employee cost rates for this year is 11.84 percent, with an estimated increase of 4.16 percent next year. The 2012-13 TRS payroll totals $37 million.
The first 2 percent of the employee cost rate is included in the levy cap calculation, according to Waters. Any increase over the 2 percent is exempt from the levy cap, which means if the district chooses, it can exceed the cap.
“It still has to be paid,” Waters said. “For example, where the first 2 percent has to be included in the levy cap, $740,000 is part of the calculation we have to prove to the state that this is where our pension costs are. The additional 2.16 percent ($800,000) is outside the cap and would be reflected as an exempt amount in terms of proving to the taxpayer that we have complied with the 2 percent [cap].”
Last year’s tax levy totaled $76,242,180. Waters said regardless of the exemption, the district would still work to not float a 3.05 tax levy increase.
“We would go out with a tax levy of 3.05 for the 2013-14 year but we would comply with the state saying the 1.05 [percent] is exempt. [The 3.05 percent] is something, all things being equal I don’t think we’re going to work towards.”
District Superintendent Michael Nagler pointed out that TRS alone is more than the 2 percent cap, “which is not good. What will be allowed under the law of the cap, we would be allowed to go out with 3 percent. That would be within the cap parameter. So it’s kind of a misnomer that you get this exemption; it’s a bad word because you’d think you’d be exempt from paying it, you’re not. It just doesn’t figure in to the 2 percent [state cap].”
Nagler noted that the TRS budget line is significant in how the district crafts a budget for next year. In May, the district floated and passed a $83,992,180 budget, a decrease of $229,458 or a 0.27 percent drop in spending from 2011-12.
“The levy calculation this year has some added twists in it,” said Nagler. “ Putting a budget…our norm has been around 2.5 [percent] over the last four or five years. It’s going to be a challenge to get to that number this year, but we haven’t really started crafting the budget yet. We’re just looking at big numbers. When we start to apply how we craft the budget, we’ll have news on this as we go along. This number is pretty astronomical and there’s no indication that this is leveling off.”
Board President William Hornberger said according to State Comptroller Thomas DiNapoli, that Mineola should anticipate future increases in employee cost rates.
“Everything is dependent upon the global capital markets and what’s driving their rate of return,” Hornberger stated. “Last year’s rate of return for the fiscal year ending June 30 was 2.8 percent. Apparently, that wasn’t good enough.”
Wednesday, 12 March 2014 00:00
The Mineola School District’s 2014-15 draft budget is $87.5 million, a 1.65 percent increase from the 2013-14 budget, which was $86.1 million when it was certified last May.
The budget also includes a 1.46 percent increase in the tax levy, the maximum allowed by the state. The 2014-15 levy sits at $79 million.
District officials said pensions, salaries and special education costs drove the increases. Superintendent Dr. Michael Nagler estimated salaries and pensions would total $400,000 each; special education, $300,000.
Friday, 07 March 2014 00:00
After two denials by John and Theresa Muzio, the Village of East Williston finally inspected 8 Sumter Ave. recently, officials confirmed. The property has been the subject of controversy and public criticism, resulting in numerous hearings and court proceedings.
The village tried to inspect the house on Jan. 14 and 31. The Muzios thwarted their entry each time, calling the police.
“They’re persecuting me,” Muzio said. “They’re harassing me and they destroyed my house. My house froze up since it’s had no heat since 2009. They need a court order before [demolishing the house].”
Thursday, 06 March 2014 00:00
This is the year the program has been waiting for. Head Coach Helms Bohringer, now in his 17th season at Mineola High School, is looking forward to having eight returning seniors from the 2013 varsity baseball team. That squad finished with seven wins, an improvement over the previous year.
The Mustangs have a program that is trending upward and Bohringer is excited for the prospects of this squad.
Thursday, 06 March 2014 00:00
Children, teens and adults competed in the recent Winter 2014 Martial Arts Tournament at Charles Water Karate & Fitness in Williston Park.
Williston Park: Mario Lombardo-first place
Williston Park: Gavin Boylan - third place
Williston Park: Gavin Lee - Medal Winner
Matthew Gavagan – Medal Winner