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Cornwall Central staff outline $3.5M budget gap; UPK funding and three capital propositions framed for May vote
Summary
District business official Mr. Fink presented a preliminary 2026–27 rollover budget with $97.0 million in expenditures, about $94.0 million in projected revenues and a roughly $3.5 million shortfall; the board discussed relying on assigned fund balance, a possible 3% levy, and uncertain UPK state aid ~ $480,000. The board reviewed three capital propositions to appear on the May ballot.
Mr. Fink, who led the board through a detailed budget presentation, said the Cornwall Central School District’s preliminary 2026–27 rollover budget shows roughly $97.0 million in expenditures against about $94.0 million in revenues, producing a projected shortfall of about $3.5 million.
That gap, he said, assumes rolling most 2025 programs forward and factors a projected 3% tax levy and an estimated $400,000 increase in state aid. ‘‘We have a shortfall of about 3.5,’’ Mr. Fink said, noting that assigning $2.5 million from fund balance would leave the district with just over $1 million to close.
The presentation framed the primary cost drivers: salary increases (roughly $2.3 million), a roughly 7% increase in health insurance that Mr. Fink estimated will add about $1 million, and a $1.3 million rise in debt service that is largely offset by new building…
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