PLEASANTVILLE, N.Y. – With the budget process for the upcoming school year just around the corner, the Pleasantville School District is projected to lose around $250,000 in state aid, according to the district's Assistant Superintendent of Business David Quattrocchi.
"Since we didn't spend as much as we anticipated last year, that amount decreases," Quattrocchi said at a recent Board of Education meeting.
Quattrocchi said the state releases its projections for financial aid in the early months of the year and anticipates the amount Pleasantville will receive to be $250,000 less that it predicted.
"It's a double edged sword," Quattrocchi said. "When you cut back on your expenditures, which is a good thing, the aid doesn't flow in because its expenditure driven."
Quattrocchi also added that the state is also currently revising the rate used to determine how much money districts receive in building aid and that Pleasantville is projecting to lose an additional $200,000 with the change.
A plus for Pleasantville heading into the 2013-2014 budget is that the district's revenues for the current school year's budget are higher than they originally anticipated. Quattrocchi said the district received around $575,000 in additional revenue, which is attributed to students from the Pocantico Hills School District who unexpectedly entered the Bedford Road School and pay tuition.
The Pleasantville School District Board of Education will hold its budget public hearing meeting on May 7. The budget will be voted on by the public on May 21.