Riverhead school board set to adopt $109.6 million budget
The Riverhead School Board is expected to adopt the district’s $109.6 million budget for the 2011-12 school year at its meeting tonight.
The board will meet at Riverhead High School at 7 p.m.
A previous draft of the budget called for $110.3 million in spending, but assistant superintendent for finance Joseph Singleton explained that $750,000 of funds from the state which was slated for education jobs was mistakenly included in the general fund.
“The state advised that the funds should go into a special aid fund for 2011-2012,” Mr. Singleton said.
The board will also vote on whether or not to apply for a $5 million interest-free loan from the federal government for building improvements at the district’s schools.School board president Ann Cotten-Degrasse said those funds would likely go to repair leaky roofs at the middle and high school.
Those funds would not be included in a multi-million dollar capital improvement bond the district is expected to put before the public for a vote later this year.
The budget will go before the public for a vote May 17.
Click to see tonight’s agenda
