The total known deficit for the Rochester City School District is $117 million but during Tuesday’s Board of Education meeting, Chief Financial Officer Carleen Piece said the number could be much higher.
Pierce said the bulk of that debt includes the money borrowed on the district’s behalf by the city of Rochester as it waits for funding from grants, the city, the state and others.
She said costs for health insurance, workmen’s compensation, transportation and other areas are concerning. She also said other payments may come due shortly. Pierce said the district was overpaid roughly $12 million for a quality school bond, they’ll have to pay that back.