District news
Plan asks the board to add $3 million to reserves, including $2 million for insurance
What happened
The 2026-27 Fund Balance and Reserve Plan, presented in September 2026, recommends $3,046,028 in new reserve funding: $2,000,000 for insurance, $559,561 for workers' compensation and $486,467 for property-tax refund claims. It reports $6,583,254 of unassigned fund balance at June 30, 2026.
Why it matters to families
Reserves are the savings that helped balance this year's budget. How much stays set aside affects the next budget and tax levy.
The evidence
The plan lists each reserve's balance, legal limit or target and recommendation. It is a recommendation for board review, not a record of approval.
The source
Fund Balance and Reserve Plan 2026-27See the full record for North Colonie Central School District.
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