*****NEW****Click on link below to be directed to the Hodgson Russ Legal Bills Jan- May 2016- THE FLEECING OF THE TAXPAYER.

Tuesday, April 11, 2017

Hamburg School Aid increased by $63,978

Hamburg School Board of Education propose the 2017-18 school year spending at $68,179,839 a 3.29% increase over the 2016-17 spending.  According to recent reports, the district predicts to decrease the local amount levied by approximately $334,000.   The tax cap formula application leaves the school district with a $1,150,000.00 gap.   

Hamburg is at the bottom of the barrel of local districts in terms of aid received in the NYS budget.(see below)  The recently approved state budget includes a mere $63,979.00 increase in aid over the 2016-17 school year. 

It seems, that the school district will be facing an approximate $1,080,000 deficit. It was reported that the district offered a retirement incentive to support staff and other school related personnel,which  provides for some reductions.   However,  there have been no reports as to how the district plans to shore up the million dollar hole.   Will the district address this issue by cutting programs, staff, or perhaps asking for pay freezes?   It could be that monies have been squirreled away in a myriad of "reserve" accounts in anticipation of a revenue shortage.  If that is the case, the district could dip into the rainy day funds to balance the spending vs. revenue imbalance.  

The Board of Education plans to adopt the 2017-18 spending budget on April 18, 2017 at 6 p.m. at the Hamburg Administration Building.  

No comments: