Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
East Ramapo financial update flags rising transportation costs; board reviews energy financing and curriculum investments
Summary
District staff told trustees that transportation contract costs rose sharply and that an adjusted state aid formula will offset most of the increase; administration proposed a 1.28% tax-levy rise, continued instructional investments and financing for an Ameresco energy performance contract.
District finance and operations staff presented a budget update and several capital and instructional proposals at the board's March 10 meeting, cautioning that transportation contracts and other costs drove a projected increase in the expenditure budget and a plan to use a portion of fund balance as a temporary measure.
Finance presenter Stark said changes to the district's non-allowable pupil decimal for transportation increased projected state aid by roughly $8 million and that the district had moved $10 million from fund balance into expenditure accounts to cover higher transportation contract costs. Stark said the budget projection shows $352.7 million in projected expenditures and a projected use of fund…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
