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Budget preview shows roughly $1 million shortfall after fund‑balance assumptions; board hears capital proposition details
Summary
Business officer John Fink presented a preliminary $97.6 million rolled budget with an estimated $3.5 million revenue gap; after applying an assumed $2.5 million of fund balance the shortfall is about $1 million. The board discussed tradeoffs including prior uses of fund balance and a May capital‑project ballot with three propositions.
John Fink, the district presenter for the evening, gave the board a detailed look at the district’s preliminary 2026–27 budget assumptions and the capital propositions the board will ask voters to consider in May.
Fink said the rolled preliminary expenditure figure is about $97.6 million while revenue, under current assumptions, totals roughly $94.0 million — leaving a gap of approximately $3.5 million. "We assigned as an assumption a $2,500,000 fund balance, which gives us about a $1,000,000 shortfall," Fink said. He noted the unassigned fund balance is $3.7 million, near the 4% limit allowed under New York State policy.
Fink walked the board through reserve accounts (tax‑certiorari, ERS and TRS pension reserves, employee benefit accrued liability, unemployment insurance, and capital…
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