March 2nd, 2012 by WCBC Radio
It’s going to be another difficult budget year for the Allegany County Board of Education- a fourth consecutive year the budget projects lower than the previous year. Significant state cuts as well as the real possibility that half of the teacher pension cost will be shifted to local governments are chief among the reasons for the distressed fiscal situation. Once again this year to balance the budget, the superintendent’s budget recommends dipping into the reserve fund. Last year the board took $2.5 million from the so-called “Rainey Day” fund- and the request for FY13 is to take an additional five million from that account. Board President Sara Beth James expressed concern with perhaps an over reliance on the reserve fund….