Keyword: reserve funds
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Documents from the Lynbrook and East Rockaway school districts show that they are in compliance with the state’s 4 percent limit on unassigned funds. more
The Seaford School District is proposing a 2018-19 budget of just over $68.4 million — a 2.62 percent increase over the current budget — with a tax levy increase of 2.69 percent. more
In addition to the $31.8 million tax levy, Island Park schools are hoping voters approve a capital reserve fund. The reserve fund would be used like a savings account for the district’s improvements to school buildings, mainly to replace roofs at both Lincoln Orens and Francis X. Hegarty schools. more
Wantagh schools are in need of a little TLC. That’s the message from district officials, who are seeking voter approval to spend more than $2 million of the district’s capital reserve fund for a variety of upgrades at its five buildings. more
The North Merrick School District is seeking to borrow $14.65 million for infrastructure upgrades at Camp Avenue, Fayette and Old Mill Road elementary schools, which administrators say are essential for the schools’ long-term use. Local residents will decide at the May 19 school vote whether to approve a bond sale to fund the buildings and grounds improvements. more
Despite a lack of state aid numbers, Wantagh School District officials presented a first draft of the 2015-16 budget on Feb. 26, a spending plan that would maintain programs and fall below the tax cap. more
The Bellmore Board of Education adopted the district’s 2014-15 spending plan at its most recent meeting. Now, the community will vote on the budget, which officials said calls for one of the … more
Semifinalists in the prestigious Intel Science Talent Search were announced recently, and, as usual, Long Island came up big in the contest. more
Heated discussions about a possible artificial-turf field for the district have ended — at least until May. At the Lynbrook Board of Education’s last budget work session, on March 23, trustees voted 4-3 to offer a proposition for a $4.6 million artificial-turf complex in the upcoming district election. The money, trustees said, will come from the district’s reserves, and its Renovation and Improvement of Facilities fund. more
Bellmore-Merrick area school administrators said this week that, yes, their districts could cover proposed state aid cuts with their unrestricted reserve funds and federal stimulus dollars, as proposed recently by Governor Cuomo. But, they quickly noted, doing so could leave them with little to no cash on hand for emergencies, and even jeopardize the districts’ long-term fiscal health. more
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