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Amherst Exempted Village treasurer warns of shrinking state funding, recommends considering 1% school income tax
Summary
Treasurer presented a five-year forecast showing expenditures outpacing revenues, highlighted risks from pending state funding changes, and recommended considering a 1% earned school district income tax and a 2027 levy renewal as part of contingency planning.
The Amherst Exempted Village Board of Education received a detailed fiscal 2024 audit and a five-year forecast at its regular meeting, where the district’s treasurer warned that expenditures are rising faster than revenues and urged action on both revenue and cost containment.
The treasurer reported the fiscal 2024 audit — performed by an independent public accountant and available on the Auditor of State’s website — yielded an unqualified opinion, with two management-letter comments tied to ESSER fund advances and a missed local records commission meeting. The treasurer then walked the board through the five-year forecast and the assumptions that underpin it, emphasizing that the assumptions are as important as the point estimates.
“Revenue is static as we know it. Expenditures grow rapidly and new…
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