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Board hears three FY26 budget options, directs staff to bring options 1 and 3 for first reading
Summary
Board staff presented three FY26 budget scenarios showing a projected FY26 deficit (about $1.5M under current assumptions), explained major revenue and cost drivers and the board directed staff to present options 1 and 3 for first reading Monday.
The New York County Board of Trustees on Monday reviewed three draft FY26 budgets that staff said will require drawing on fund balance and directed staff to present two of those options for the first reading at the next meeting.
Presenter: “We budget a fund balance deficit of 527,000. . . . Our current projections project about a $1,500,000 deficit at the end of FY '26,” the presenter told the board as he walked through revenue and expense assumptions. He said the district closed FY25 with about $24.5 million in fund balance and currently projects roughly $23 million after adjustments.
Why it matters: Personnel costs make up more than 85% of the district budget, leaving limited flexibility. Board members and…
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