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CFO warns of structural deficits as Buffalo schools adopt four‑year financial plan
Summary
CFO Jim Barnes presented a required four‑year financial plan showing the district starting with a roughly $396–$397 million fund balance but projecting multi‑year deficits (about $199 million) absent further rightsizing; the plan proposes FTE reductions, targeted capital projects, and a lease strategy for the commissary.
Jim Barnes, the Buffalo City School District chief financial officer, presented the district's required four‑year financial plan at the Aug. 21 board meeting, laying out projections and choices the board will need to consider in coming budget cycles.
Barnes described the plan as a "100% data driven" projection that incorporates assumptions on enrollment trends, staffing, contracts and health‑insurance costs. He told the board the district starts the plan with a fund balance around $396–$397 million but faces an aggregate projected deficit (described in the presentation as roughly $199 million) over the multi‑year horizon without further rightsizing…
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