Last year, ASI Brighton tried to educate our readers about Reserve Funds and the fact that school districts keep taxpayers completely in-the-dark about them.  See the Post below.

Recently, audits by the NYS Comptroller have found that many NYS districts, including a number of local districts, have major excess reserve dollars that could have been used to lower property taxes.

See:  http://www.rbj.net/article.asp?aID=182932

School Districts talk about fiscal transparency.  The reality is that the taxpayers are only presented with a carefully crafted picture of the district’s finances.  Reserve funds are an example of one major budget item that is kept from the public.  And the NYS Comptroller confirmed it in their audits.