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Capital Reserve Fund

Schools
Westchester Voters OK School Budgets, Except In One District Westchester Voters OK School Budgets, Except In One District
Westchester Voters OK School Budgets, Except In One District 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