Byline: MARV CERMAK Staff writer SCHENECTADY The Board of Education adopted a $67.5 million budget for 1995-96 that includes a 2.8 percent property tax increase Wednesday night.
The tax hike will total $35.20 for a residential property carrying the average city assessment of $80,000.
The tax rate will jump 44 cents to $16.01 per $1,000 of assessed value.
A $1.2 million state aid windfall was appropriated to the Schenectady City School District's contingency account. The tentative budget included only $900,000 in state aid, which came in at $2.1 million.
``Rather than rush into decisions about what to do with the $1.2 million, the …
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