Budget & Finance

Public schools are among the most significant investments that any community makes collectively. District leaders work to make the most effective use of resources to benefit students, to develop and manage the budget in a responsible and transparent manner, and to be accountable to taxpayers.

Proposed 2023-24 School Budget

  • Budget Total: $107,805,164
  • Tax levy increase: $7,952,097
    • A tax levy increased of 2.34%, which is below the district’s cap for next year.
  • Spending increase: $1,453,249
  • Read more about the 2023-24 school budget

Niskayuna 2022-23 Use of Foundation Aid Increase Report

The 2021-2022 enacted state budget includes language stating that, for the 2021-22, 2022-23 and 2023-24 school years, each school district receiving a Foundation Aid increase of more than 10% or $10,000,000 a school year must post a plan of how the funds will be used to address student performance and need, including but not limited to: 

  • Increasing graduation rates and eliminating the achievement gap; 
  • Reducing class size; 
  • Providing supports for students who are not meeting, or who are at risk of not meeting, state learning standards in core academic subject areas;  Addressing student social-emotional health;
  • Providing adequate resources to English language learners, students with disabilities, and students experiencing homelessness; 
  • Goals and ratios for pupil support; 
  • Detailed summaries of investments in current year initiatives and balance funds spent in priority areas.

For the 2022-23 school year, the Niskayuna Central School District (NCSD) received a foundation aid increase of $4,051,674. Click here to view the plans for the district’s use of this increase, outlined as required by New York State.


Reserve Funds

Reserve funds, like other savings plans, are mechanisms for accumulating cash for future capital outlays and other allowable purposes. The practice of planning ahead and systematically saving for capital acquisitions and other contingencies is considered prudent management. View an overview of the reserve funds the district has and the balances of each as of the end of the last fiscal year.

Voter Information

The annual school budget vote and Board of Education election takes place on the third Tuesday in May each year. Voting takes place at Niskayuna High School between the hours of 7 a.m. and 9 p.m. To vote, you must be a U.S. citizen, 18 years or older, and a district resident for at least 30 days prior to the vote. Personal identification and proof of residence may be requested. Absentee ballots are also made available prior to each vote. Learn more about voting and requesting an absentee ballot.

Audited Financial Statements & Fiscal Transparency

The district’s audited financial statements are audited independently each year and a state-required fiscal transparency report is filed and posted. Access financial statements and transparency reports.