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Saugerties school officials outline $76.9M revenue plan, warn of a "fiscal cliff" and possible cuts
Summary
District staff presented a preliminary $76.9 million revenue estimate and budget drivers — including federal grants, tax levy limits and reserve options — and the board approved personnel items and a post–executive-session resolution.
SAUGERTIES, N.Y. — District staff told the Saugerties Central School District Board of Education on Tuesday that the district anticipates about $76.9 million in revenue for the coming year and faces a roughly $3.1 million gap between that projection and an $80 million “starting point” reference.
The presentation, which included federal, state and local revenue estimates and reserve balances, emphasized constraints tied to state aid timing and tax-cap limits. A district staff member said, “this current school year allocation is roughly, like, dollars 1,300,000,” referring to a federal funding line the district uses for specified programs.
The revenue picture matters because it helps determine whether the board will need to use fund balance, reduce nonmandated programs or request a higher tax levy. The staff presentation showed a tax levy of…
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