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Niagara Falls presents second budget draft; district plans $915,000 reserve use and leaves summer elementary program out
Summary
District leaders presented the second 2025–26 budget iteration, proposing $915,000 from debt premium reserves to lower the gap to $3.2 million, and noted two summer programs previously covered by ARP funds are not yet funded in the draft.
District leaders presented a second iteration of the 2025–26 budget at the Feb. 13 Board of Education work session and told board members they plan to use $915,000 from debt‑service reserve premiums to reduce the budget gap to about $3.2 million.
Julie (district finance staff) and Superintendent Mark Lohrey explained the $915,000 comes from bond premium reserves tied to a 2016 project and a bond anticipation note in 2024; the district plans to draw the amount over the next three years as required. Lohrey said the district expects about $198,890,787 in revenue under current assumptions and that Foundation Aid from the state is currently estimated at $7 million but could increase…
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