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Superintendent outlines midyear budget pressures and proposes drawing on reserves
Summary
At a board meeting, the superintendent presented midyear budget projections showing near‑full spending, cited health‑insurance and pension cost pressures, and proposed using district reserves to limit tax‑levy increases. The board will revisit details before adopting a budget in April.
The Shenendehowa Central School District superintendent presented a midyear budget update to the Board of Education, saying the district is projecting to spend roughly 99% of its adjusted budget and faces rising costs that could require use of reserves if revenues do not improve.
The superintendent said the district’s current internal projection shows spending near 99% of the adjusted budget and that interest income remains volatile. He said health insurance — a large cost driver — has been quoted at increases of 20–25% by brokers but that the district is working with its broker (USI) and is using self‑insurance and administrative changes to assume an anticipated increase in the 10–15% range for next year. The superintendent added that the district spends “probably almost $40,000,000 on health insurance.”
The presentation placed personnel and benefits at the core of budget…
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