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Superintendent presents tight $73M recommended budget, cites $1.5M in rising costs and near-depleted reserves
Summary
The AVERILL PARK CENTRAL SCHOOL DISTRICT superintendent recommended a roughly $73 million budget and a 3.99% tax levy (below the 4.66% cap), warning that rising noninstructional retirement costs, health insurance (+~$1.1M) and utilities (+~$190K) leave a narrow margin and continue use of fund balance.
The AVERILL PARK CENTRAL SCHOOL DISTRICT superintendent presented a recommended budget that would increase the district’s spending from about $69.5 million to roughly $73 million, noting the administration is close to drawing down its reserves and has relied on fund balance in recent years.
Superintendent (speaker 2) told the board that three main pressures — a state-set noninstructional retirement contribution increase (from about 16.5% to 17.6%, a budget impact of roughly $240,000), health-insurance cost growth (a projected increase of about $1.1 million) and higher utilities (an example budget impact of about $190,000) — combine to add about $1.5 million to next year’s expenses. “Those expenses nearly match our revenue,” he said, warning the district is…
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