SWR projects $1 million shortfall for next school year
The Shoreham-Wading River School District isn’t as deep in the hole as school officials thought.
After learning that health care costs for 2012 increased significantly less than expected, officials are now projecting a shortfall in next school year’s budget of about $1 million — down from about $3 million.
“The forecast has now come down,” Superintendent Steven Cohen said. “That’s very, very, very good news.”
“We have a much smaller gap to fill in order to preserve a rollover budget,” he continued, referring to a budget that maintains for 2012-13 the programs and operations currently in place.
The board and administration will continue to hunt for ways to close the gap, which could include raising rates for use of school facilities, spending more money from reserve accounts and looking for efficiencies in order to “do more with less,” Dr. Cohen said.
For more Shoreham-Wading River school news check out Thursday’s Riverhead News-Review.
