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Hendrick Hudson Board weighs tax-levy choices as reserves shrink after Indian Point revenue loss
Summary
Board heard a financial update showing an initial state-aid increase of $124,000 versus $650,000 expected, discussed five budget scenarios and a 10-year forecast that shows reserves could be exhausted within a few years without changes.
HENDRICK HUDSON, N.Y. — The Hendrick Hudson Central School District Board of Education on Feb. 4 examined five budget scenarios and framed a choice between using fund balance or asking voters for a higher tax levy to avoid program cuts.
Assistant to the superintendent for financial stability Jill (last name variably transcribed) told the board the district now expects “only a mere $124,000 extra over last year’s state aid,” far below the $650,000 the district had anticipated. She said the district planned to use $4.4 million of fund balance last year but is on pace to use about $3.3 million in the current year, which…
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