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Niagara‑Wheatfield officials outline budget gap and plan heavier reserve use if state aid stays at 1%
Summary
District finance staff told the school board that next year’s budget faces a multi‑million dollar gap and recommended drawing on restricted reserves and a modest appropriation of fund balance if the state adopts the 1% foundation‑aid scenario; a 2% outcome would reduce reserve use by about $270,000.
At a public board meeting, Niagara‑Wheatfield Central School District finance staff presented next year’s revenue and expenditure scenarios and warned that unresolved state budget choices could require the district to use restricted reserves to balance the budget.
Presenter Dan said the proposed total expenditure budget is about $96,480,000 and that projected revenues under the current executive proposal would leave a gap of roughly $7,218,000. Administrators described planned uses of reserves for transportation, technology and debt offsets and said an appropriated fund balance of $1,563,000 was being recommended, leaving a remaining funding balance of about $3,563,000.
The presenters framed…
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