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Niagara‑Wheatfield previews $96.48 million budget, cites about $7 million gap to be covered with reserves
Summary
At an official budget hearing the Niagara‑Wheatfield Board outlined a $96,480,000 expenditure budget and projected revenues of about $89,000,261, leaving an approximate $7 million gap the district plans to close with reserves, transfers and limited use of fund balance; the budget vote is May 19.
The Niagara‑Wheatfield Board of Education held its required budget hearing, where district staff presented a proposed $96,480,000 expenditure budget and projected revenues of about $89,000,261, leaving an estimated $7 million shortfall that the district plans to cover with a mix of reserves and transfers.
At the hearing a staff member who led the finance presentation said the district is working from the governor’s proposed budget, which includes a 1% increase in foundation aid; the presenter noted the state legislature had proposed 2% in separate measures and the final state budget was not yet adopted. “We still don’t have a state budget adopted yet,”…
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