ST REGIS BOARD OF EDUCATION PUMPING UP BUDGET WITH SURPLUS FUNDS

The St. Regis Falls Board of Education has moved to increase the overall budget for the 2020-21 fiscal year by $100,000 to prepare for what they see as potential cuts that are likely in state aid. The increase will not come directly out of the pockets of taxpayers though… at least not immediately. The additional money will come from surplus funds. The move comes after concerns were raised about looming cuts in state aid, due to a budget deficit that could total $61 billion over the next four years. That deficit however, and the eventual need to replenish those surplus funds, will… according to some onlookers… most likely result in some hefty tax increases at some point down the road.