![]() On the current path, it will be only a matter of years until these funds are depleted.” He noted that’s “not a prudent fiscal option for continued balancing of the budget. School board President Dave Krinock said the district recently has chipped away at its fund balance, which stood at $5 million in 2014-15. To bridge an expected revenue gap, the district plans to dip into its reserve account for $1.4 million, out of nearly $3.4 million it expects to have in that fund to start the new fiscal year. “Somebody has to stick up for the taxpayers,” Liberoni said at Thursday’s board meeting.Įxpenditures are set to increase by 3.2%, driven primarily by rising costs for special education, teacher retirement benefits, transportation and local students who attend independent cyber charter schools, according to Joe Koluder, administrative assistant for business affairs. ![]() That 2.8-mill hike would cost the average residential property owner an additional $34.16. ![]() Kevin Liberoni was the sole school board member to vote against Derry Area School District’s tentative 2019-20 budget of just under $37.7 million, citing opposition to a proposal to raise property taxes to 90.6 mills.
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