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Sachem board weighs using reserves to close budget gap and debates rebuilding North pool
Summary
Superintendent told the board the district’s levy was revised downward after increased building aid and proposed using $13.5 million of fund balance to reduce a projected budget gap to about $1.1 million; directors also debated a >$4 million replacement for the aging North pool and whether to place a bond proposition before voters.
Superintendent Michelle (district finance lead) told the board that state processing of final cost reports increased the district’s building aid and reduced the proposed levy by about $596,751. Staff presented a $9 million capital slate (roof replacements, boiler work, CTE and IT upgrades) and said the district currently estimates a $14.6 million budget gap before reserves.
Administration proposed appropriating $13.5 million from the fund balance. "If the board were willing to…
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