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Finance committee updates: revenue uptick and $679,000 deficit at 1.5% tax increase
3129013 · April 25, 2025
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Summary
Finance committee reported an increase of approximately $147,000 in revenues (mainly from investment returns) and expense reductions of about $1.2 million, driven by retirements and lower debt service. With a 1.5% proposed tax increase, the district's deficit remains approximately $679,000 for 2024–25.
The Interboro School District's finance committee reported updated projections at the April 24 board meeting showing a modest revenue increase and substantial expenditure reductions, but a remaining budget shortfall.
The committee reported an additional $147,000 in…
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