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Newburgh board details budget shortfall, says $16M in settlements funded from reserves; no tax cap override planned
Summary
District budget presenters told the board a structural gap and the end of federal COVID funds created pressure for 2024–25; surplus reserves covered more than $16 million in legal settlements and the district does not plan to override the tax cap, keeping the levy flat at $113.6 million.
Budget presenters told the Newburgh City School District board on Feb. 25 that a structural shortfall and the end of pandemic relief left the district facing a budget gap for 2024–25 while also covering large legal settlements.
"The board approved a forensic audit at its meeting on March 5 that cost taxpayers almost a $180,000," budget presenter Miss Roaring said as she explained recent audit work. She said the state comptroller’s audit (OSC) covered July 2019 through…
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