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Local News

April 18, 2013

Unatego board weighs spending plans

The Unatego Central School Board of Education heard ways to reduce its budget gap at its Tuesday meeting, business manager Nicholas Rosas said.

The school is currently facing a shortfall of about $520,000 because of declining state and federal funding. A number of items were listed but no action was taken. The board is scheduled to adopt a spending plan at its April 24 meeting, scheduled for 7 p.m. at the junior/senior high school.

Among the items Rosas presented were using $240,000 in an employee-benefits liability reserve. The state has recently loosened rules on using that, Rosas said.

Amortizing the mandated increase to the teachers retirement service would total $140,000, but at some point that would have to be repaid.

Increasing the tax levy an additional 2 percent would raise $133,500.

Closing Otego Elementary School would save $100,000. That school was chosen because it’s smaller than Unadilla Elementary School, he said.

If that route was taken, it would also require moving fifth-grade to middle school because of space requirements, he said.

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