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Interboro finance committee flags roughly $4.5 million deficit; athletic program requests eyed amid conservative revenue outlook
Summary
The Interboro School District finance committee reported on Feb. 10 that the district currently faces a preliminary general fund deficit of approximately $4.5 million under a 0% tax increase scenario; a 1.5% tax increase would reduce that projected deficit to about $3.8 million.
The Interboro School District finance committee reported on Feb. 10 that the district currently faces a preliminary general fund deficit of approximately $4.5 million under a 0% tax increase scenario; a 1.5% tax increase would reduce that projected deficit to about $3.8 million.
The finance committee chair (name not specified in the transcript) told the Board of School Directors on Feb. 19 that the shortfall reflects decreased state and local revenues alongside rising expenditures for salaries and benefits, increased debt payments and higher costs for special education and student services. "We also are being very conservative with our state…
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