administrative budget proposal was also approved by the Board in accordance with required procedures. In addition, the Board cast its collective vote for two BOCES' trustees—Evelyn M. Stock and Bruce E. Williams.

BUSINESS AGENDA
New York State School Report Card
The Board accepted the official New York State School Report Card, with its data on State test results, which had been reviewed extensively in the Board meeting of February 25, a meeting devoted almost entirely to assessments of student work.

Board Policies
Continuing its effort to review the entire Board Policy Book, the Board discussed more than a dozen policies reported out by the Policy Committee, and approved them at a first reading.

Personnel Actions
Several teacher appointments, resignations

resignations, and leaves were confirmed. These actions are summarized in an adjoining box.

BOARD AND ADMINISTRATIVE REPORTS
Mr. Chambers and Mr. Carlson reported further on the Bond Proposal to be voted on May 20, noting that the cost of $57 per year for the owners of a $500,000 market-value house was possible in part due to the district's favorable Aa-1 Bond rating from Moody's. This rating, which recognizes the district's sound fiscal health, allows the district to obtain advantageous interest rates on the borrowing of $4.6MM, if the voters approve the proposal.

Dr. Taylor updated the Board on the goal about core values and character education, noting that she would be holding one more meeting with interested parents to help shape the next steps in that long-term goal.

Under Board Reports, there was discussion of the on-going effort to cooperate with Town of North Castle officials on plans for balancing further development with the preservation of green space.

The Board adjourned from the public session into Executive Session to review personnel, legal, and negotiations matters.