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Binghamton schools project $4 million operating gap; district eyes reserves and deeper cuts for 2026–27
Summary
District finance staff told the board that 2025–26 projections show revenues of just over $151 million and expenditures just over $155 million, creating an operating loss near $4 million. Staff outlined using ERS, TRS and health-insurance reserves and warned further reductions may be needed in 2026–27.
District finance staff presented a midyear fiscal review on Jan. 27, telling the Board of Education that the 2025–26 projection shows revenues of just over $151,000,000 and projected expenditures of just over $155,000,000, producing an operating loss of nearly $4,000,000.
Angela Rogers, presenting the district's projection work, said rising costs — notably health insurance increases and tuition for out-of-district special-education placements — are the primary drivers of the deficit. Rogers said the district is projecting to draw on three restricted reserves (the ERS reserve, the TRS reserve and the health-insurance…
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