Cost Analysis: A Study to Examine the Utilization of the District's Schools
September 2020 Update:
Due to COVID-19 and back-to-school preparations, the Cost Analysis stakeholders group will meet later this fall. Please check back here for updates.
In 2017 the Hendrick Hudson School District was made aware that the Indian Point nuclear facility, located within the district’s boundaries, was planning to shut down by 2021.
The closure will directly affect the district’s financial future. Indian Point was a reliable business partner to the district for decades, and Entergy’s payments in lieu of taxes (PILOT) have been a source of stabilized revenue – revenue that was slated to continue until 2025. The PILOT payments comprise approximately 30% of the district’s total revenue and help keep residents’ property taxes among the lowest in Westchester County.
By 2025, the final year of the currently negotiated PILOT, the district would have received just shy of $27 million. However, due to the shutdown, the district will only receive $1.3 million. Relying on taxes to make up the difference would mean that residents’ property taxes could increase 13% every year for the next four years.
A year ago, the Board of Education commissioned a Cost Analysis Study to examine potential cost-saving measures. The aim of the study was to examine the utilization of the district’s schools to determine if we would experience significant cost savings by:
- Reorganizing elementary students
- Moving fifth grade to Blue Mountain Middle School
- Reducing class sections at the high school, based on enrollment
The study was completed in November 2019, and in January 2020, the Board expressed interest in exploring the feasibility of implementing the Princeton Plan (a grade level-centered approach) to commence no earlier than September 2021.
Please revisit this website page frequently for updates related to the district’s Cost Analysis Study.