The Oysterponds Board of Education approved a $5.8 million budget for the 2019-2020 academic year, district officials said Thursday.
The unanimously approved budget is an estimated .26% increase compared to last year, Superintendent Richard Malone said.
The budget complies with the 2 percent tax cap and is a .98% tax rate increase over last year. For an average home assessed at $6,000, homeowners would see a tax increase of $21.90.
The district has finalized a four-year contract with teachers to predetermine salaries, which represents a bulk of the budget, Mr. Malone said.
“We want to keep teachers updated with new approaches and techniques,” he said, “and follow state mandates.”
Roughly 19% of the budget will pay for tuition at Greenport Union