Treasurer outlines tax timing, pilot billing, reserves and demographics study that shaped bargaining outlook

Treasurer outlines tax timing, pilot billing, reserves and demographics study that shaped bargaining outlook

New York / School Districts / ITHACA

The districts finance team reported that tax collections begin Oct. 1 and that interest earnings have declined from last year. Staff described pilot (PILOT) invoicing mechanics, a surplus list and reserved fund balances (restricted reserves about $21.2 million, assigned $8.5 million, unassigned about $6.5 million or ~3.85% of the budget). Staff

Powered by CitizenPortal.ai