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Port Jervis finance official outlines $4.7 million rollover shortfall, presents 2% levy as part of options
Summary
Assistant Superintendent for Business John Tim told the Port Jervis board the district faces a potential $4.7 million shortfall if there is no tax increase or fund-balance use; options include a 2% tax levy, drawing down additional fund balance and targeted expense reductions. Budget adoption is planned for April 23 and the vote is May 19.
Assistant Superintendent for Business John Tim presented the district’s annual rollover budget and told the Port Jervis City School District Board of Education the numbers show a clear shortfall if the board chooses neither a tax increase nor a larger draw on reserves.
“If we have 0 tax increase and we don't use fund balance, our deficit … is $4,700,000,” Tim said, describing a scenario that would leave the district with a multi‑million dollar gap. He enumerated the major cost drivers: salary increases (about $1 million year‑to‑year), benefits (roughly $700,000),…
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