Propositions

To approve the proposed 2026-2027 school budget and to authorize the requisite portion, therefore, to be raised by taxation on the taxable property of the District.

Shall the bond resolution adopted by the Board of Education of the City School District of the City of Geneva, New York, dated March 9, 2026, authorizing the acquisition of school buses, including, without limitation, seven (7) transportation vehicles,  all at an estimated maximum aggregate cost of $1,614,786, less trade-in value, if any; the levy of a tax to be collected in annual installments, with such tax to be offset by state aid available therefor; the issuance of debt obligations of the School District as may be necessary, not to exceed $1,614,786, may be issued all be approved?

Resolved, the Board of Education of the Geneva City School District is hereby authorized to establish a capital reserve fund pursuant to Section 3651 of the Education Law to be designated, “2026 Capital Reserve Fund for Equipment, Technology, and Furnishings” created to defray the cost of equipment, technology, machinery, apparatus, furnishings, and other incidental improvements and expenses in connection therewith, and in order to accomplish the same, the Board is hereby authorized to establish the ultimate amount of such reserve fund to be Five Million Dollars ($5,000,000) inclusive of accrued interest and other investment earnings, with a probable term of ten (10) years. The Board of Education is hereby authorized to pay funds from the available fund balance, state aid reimbursement to the School District on account of capital projects, such other monies as the voters may direct, and/or other legally available funds of the School District to such reserve fund in an amount determined by the Board of Education up to the maximum authorized amount.