Niagara Gazette

Local News

February 14, 2013

Falls School District spending projections soar


Niagara Gazette — "It would give relief in the near term to school districts, towns and cities, while it allows us to plan for the future," Hyland said. "There are some questions as to whether it's constitutional, but I look at it like I need to be able to plan."

Hyland and Bianco both said they'd met with Assemblyman John Ceretto to ask him to consider the pension reform. They said they also requested the TRS option be allowed to have amortization, which would permit the district to, in situations similar to this year, borrow money to spread out the effect of a massive increase.

Amortization already exists for the Employee Retirement System, which pays the non-teaching staff like custodians and secretaries, and Hyland said should help the district accomplish its goal of being able to plan.

"A school district, facing such a huge increase, says 'OK, we're going to close a school,' " Hyland said. "What happens if rates drop next year? Are they going to come back and reopen the school because they can afford it? We need to be able to plan for the future."

Meanwhile, the district's ERS contribution, not covered in Cuomo's plan, is expected to change from 18.9 percent to 20.9 percent, though it only represents an 11 percent increase in cost at an additional $215,000 because of amortization. Other increases projected thursday include a $1.6 million increase in teacher salaries and a $1.5 million increase to health insurance benefits, a projected 9 percent increase.

Assuming no reforms are passed by the legislature, Hyland said the district would require cuts to match its projected $122.5 million in revenues for next year.

Text Only | Photo Reprints
Local News
Featured Ads
Seasonal Content
House Ads
AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
House Ads
Night & Day
Twitter News
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Front page

Do you think cigarette sales to non-Native American customers should be taxed on reservations?

Yes. Items should be taxed like they are everywhere else.
No, the indian reservations are sovereign land and they are selling them on their land.
Not up to me. Native Americans decide the rules on their land.
Don't care. Smoking isn't good for you.
     View Results