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Board hears estimate of roughly $1 million from IDA pilots; officials propose routing funds to capital reserve
Summary
Board members said three IDA pilot projects were approved and preliminary calculations indicate about $1 million in new revenue; district leaders proposed directing the funds to a capital reserve to avoid recurring-budget shortfalls.
Board members told the Mineola Union Free School District Board of Education on Jan. 9 that three pilot projects approved by the local industrial development agency could yield a substantial one-time revenue increase and discussed how to use the funds to avoid future budget instability.
A board member said the three pilots were approved by the IDA and, based on the…
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