SCARBOROUGH — The Town Council on Monday gave preliminary approval to a revised school budget that includes $100,000 more for spending.
Voters rejected a proposed $34.9 million school budget 493 to 483 at a validation referendum earlier this month. The School Board subsequently revamped the budget by adding $100,000 from a teacher accrual account, with decisions on how the additional money will be spent deferred for the time being. The School Board also decided to ask the Town Council to use $100,000 to $200,000 in reserves to lower the property tax rate.
The Town Council approved the amended budget with the additional $100,000 in spending but declined to use the reserve funds are requested, said Council Vice Chairwoman Judith Roy.
Roy said she didn’t want to use too much from the town’s reserve because of the potential negative effect on the town’s bond rating and concerns about needing the money in the future.
“it’s kind of risky if we use it all up this year. Where do we go next year?” she said.
The school budget goes to the Town Council again June 2 for a public hearing and final approval. A second budget validation vote will be held June 8.
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