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CENTRAL VALLEY, N.Y. -- The Monroe-Woodbury School District is under fire after the state comptroller's office releases it's audit.
The audit found that the school is hiding a surplus of funds in the millions, while continuing to raise taxes on homeowners. Comptroller Thomas DiNapoli criticizes the district's budget process and management of reserved funds, and accuses the district of overestimating salaries and benefits. The audit shows that the district raised taxes by $9.3 million over 3 years, and stashed $13.6 million in their reserve funds.
The district fired back saying their budgeting process is accurate and responsible, and that their finances are in excellent condition.
Parent, Christine Nowicki said, “You hear about it all the time and unfortunately it’s everywhere; it's rampant, it’s, and it’s just not surprising.”
The comptroller's office admits the district *did not break any laws, but recommends district officials be more transparent with taxpayers, and use the surplus to lower property taxes.