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Capital Reserve Fund

Schools
Hendrick Hudson School District Approves $18.5 million Bond Issue Hendrick Hudson School District Approves $18.5 million Bond Issue
Hendrick Hudson School District Approves $18.5 million Bond Issue Every Westchester school district, except one, passed proposed school budgets on Tuesday: New Rochelle's $272.8 million budget, which would have raised spending by 5 percent next year, was defeated by a vote of 3,119 to 1,689.The results remain unofficial pending the counting of all affidavit ballots. The only other district to propose spending above the state-imposed tax cap -- Mamaroneck Union Free School District -- easily passed its proposed $138.9 million budget by a vote of 1,346 to 383. New Rochelle's District administration and Board of Education said they will begin working togethe…

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by Jon Craig
Schools
Westchester School Budget Votes: Here's What You Need To Know Westchester School Budget Votes: Here's What You Need To Know
Westchester School Budget Votes: Here's What You Need To Know This story has been updated. School district voters will face a host of proposed capital projects, school board elections and school budgets on Tuesday, May 15. Nearly half the school districts are close to the state-imposed tax cap on annual spending proposals.  Also popular this spring: Several Westchester school districts are seeking to set up "Capital Reserve Funds," or so-called rainy day funds of up to $10 million, for emergency expenditures.  Two school districts whose budget proposals exceed the cap are Mamaroneck and New Rochelle.  Mamaroneck's school district has grow…

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by Jon Craig