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Cornwall Central board hears $3.5 million preliminary shortfall; UPK funding and levy options discussed
Summary
Business official John Frink told the Cornwall Central School District board the district’s rolled 2026–27 expenditures total $97.6 million versus projected revenues of $94.07 million, leaving a $3.5 million gap; the board discussed using assigned fund balance, increasing the tax levy, and a possible $480,000 UPK allocation in the governor’s proposal but noted timing and restriction risks.
John Frink, the district’s business official, told the Cornwall Central School District board at its Feb. 26 meeting that the district’s rolled preliminary 2026–27 expenditure budget is $97,603,490 while projected revenues total $94,067,907, creating a roughly $3.5 million shortfall.
Frink said key revenue and expense assumptions include a 3% tax‑levy increase that would generate about $1.6 million, the district’s maximum tax‑cap option of about 5.36 percent (roughly $2.8 million), and a state‑aid increase of about $409,912. He also said additional building aid of roughly $1.3 million is expected as capital‑project filings are finalized, but final state aid figures and UPK parameters historically arrive late and cannot be relied on before budget‑vote notification deadlines.
"We have a shortfall of about 3.5 million,"…
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