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Victor Central School District projects $7.66 million budget gap; leadership outlines attrition plan to protect programs
Summary
Superintendent Dr. Teranova and business officials told the board the district faces a $7,658,869 shortfall next year driven largely by rising health‑insurance costs, and outlined strategic attrition, targeted reinvestment and temporary use of reserves to avoid program cuts or layoffs.
Victor Central School District Superintendent Dr. Teranova told the board on March 11 that the district is facing a projected 2026–27 budget gap of $7,658,869, driven primarily by an expected near‑15% increase in health‑insurance costs that would consume most of the district's projected revenue growth.
The gap arises as expenses are projected to rise by about 7% while projected revenue increases are roughly 3.38%, Dr. Teranova said. "Our actual expenses are going up close to 7% while our projected revenue is only going up 3.38%," he said. He described the shortfall as a "structural deficit" and warned the board that the district's operating reserves are now smaller than the projected gap.
Why it matters: personnel costs account for roughly 75% of district spending, and health‑care increases alone are expected to use about 87% of the district's projected revenue growth for 2026–27, staff said. That concentration leaves few options to close the shortfall…
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