Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ithaca finance staff outline budget basics, revenue mix and reserve priorities ahead of budget season
Summary
Assistant Superintendent for Business Dom Lisi and business manager Emily Shipe gave a high-level overview of the district budget cycle, revenue composition (local taxes ~68%, state aid ~22–23%, other sources small), fund types, and the role of reserves and fund balance in maintaining bond ratings and managing state/federal funding uncertainty.
Dom Lisi, assistant superintendent for business and finance, and Emily Shipe, business manager, provided a budget overview explaining that the district's fiscal year runs July 1–June 30 and that the practical community-facing budget-development period runs December through April, culminating in a May public vote on the annual spending plan and Board of Education elections.
Lisi said roughly 68% of district revenue comes from the local tax levy and roughly 22%–23% from state aid; other revenue…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
