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Niagara Falls schools project $7.6M budget shortfall; leaders plan cuts and limited reserve use
Summary
District leaders presented budget projections showing expenses outpacing revenues, a projected $7.6 million gap, plans to use about $3.8 million of prior reserves, and possible cash‑flow measures such as a revenue anticipation note while staff pursues expense reductions.
The Niagara Falls City School District presented a detailed budget work session that showed projected expenses rising faster than revenues and a working gap of about $7.6 million for the coming year.
Board President Mark Laurrie told the board the district expects to use roughly $3.8 million of a previously allocated $4.83 million reserve this year and listed outside pressures driving the decision, including charter-school tuition increases and settlement costs. "This year, for the first time, we're going to use approximately 3.8 of the of the 4.83," he said.
Julie, a district finance staff member who presented revenue-and-expense trends, said expenses are beginning to…
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