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Sachem board explores facility rentals, land sales and radio station revenue amid $18M-plus deficit
Summary
Faced with a projected $18M+ deficit, the Sachem board asked its budget advisory committee to analyze revenue options including raising facility rental rates, renting or selling Tamarack/Grundy parcels, and making the district radio station financially self-sufficient or leasing it.
At its Nov. 6 meeting the Sachem Central School District board directed the budget advisory committee to explore new revenue streams to help close a projected $18,000,000-plus operating gap, with members discussing facility rentals, underused district land and the district radio station.
Budget advisory members said current facility rental rates (described in the meeting as as low as $3 per hour for some in-house uses) are far below market and that the district could seek commercial rentals from dance or theater companies, charging market rates while covering…
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