Buffalo School District Reports Record Fund Balance
By Eileen Buckley
Buffalo, NY – The Buffalo School District says it has achieved a record fund balance. But school leaders warn that many challenges are ahead.
The City school district's fund balance is more than $73 million, a record and the highest in the district's history. It also has a budget surplus of more than $31 million. But Buffalo Schools superintendent Dr. James Williams says unresolved labor issues with the Buffalo Teachers union, including a single health care provider and step-wage increases could wipe out those reserves.
The district's chief financial officer Gary Crosby says if the district looses the savings of a single health provider and has to pay for step raises there will be deficits for the next three years.
Buffalo Teachers Federation President Phil Rumore. He says school teachers lost about $9,000 from the wage freeze. But Rumore says it is the District that continues to fight the union on the court's decision on the single health carrier issue.
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