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Williamsville officials warn expenses outpacing revenues in long-range financial plan
Summary
Acting assistant superintendent Dr. Chris McGinley told the board that tax levy and state aid make up about 90% of district revenues and that projected average annual expenditure increases (~$10.2M) exceed average revenue increases (~$5.1M), requiring reductions or other adjustments in future budgets.
Acting assistant superintendent for finance and management services Dr. Chris McGinley presented the district’s long-range financial plan on Dec. 9, telling the board that Williamsville’s revenue mix and rising costs will require adjustments in coming years.
McGinley said the tax levy represents about 61.15% of revenue, state aid about 28.81% and sales tax about 5.9%, meaning the tax levy and state aid together drive roughly 90%…
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