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District finance director reviews fiscal‑stress score, cost drivers and 2025–26 budget plan
Summary
Doctor Rella presented the district's fiscal‑stress designation, reserve levels, cost drivers for 2025–26 and the proposed revenue plan, including state aid assumptions and a tax levy cap calculation that keeps the proposed levy within the cap.
Doctor Rella, presenting the district's 2025–26 budget development overview, summarized the Office of the State Comptroller fiscal‑stress indicators and the district's recent reliance on reserves.
Rella said the district’s unassigned fund balance and total fund balance are below the Long Island averages cited by the comptroller and noted the district’s fiscal‑stress score was approximately 21.7 points — below the 25‑point threshold used to place districts on the comptroller’s susceptible list. She told the board the district has used reserves and fund balance in recent years but has reduced the prior $4.5 million deficit to near neutral as part of recovery efforts.
On the expenditure side, Rella listed the primary cost drivers in order: contractual…
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