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District finance official says using $2 million ERS reserve narrows 2026–27 deficit to $2 million
Summary
The district’s finance presenter reported a narrowed deficit, proposed using $2,000,000 of ERS reserve as one‑time revenue, previewed a bus bond with modest vehicle cost increases and estimated a $169 tax impact on a $200,000 home if current figures hold.
Don Keegan, a district finance presenter, told the North Syracuse Central School District board the district has narrowed its projected deficit for 2026–27 to about $2 million after a series of adjustments and one‑time moves.
Keegan said the administration proposes using $2,000,000 from the district’s Employees’ Retirement System (ERS) reserve as a onetime revenue source to help close the gap. "One of the things that we we realize is that we're still in transition ... we would once again use, $2,000,000 of our ERS reserve," Keegan said, adding the sum would come off the balance sheet and should not be treated as recurring…
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