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Katonah-Lewisboro School Board Votes Down Inquiry On Surplus Funds

The Katonah-Lewisboro School Board voted on Thursday, July 31, against investigating a surplus in funds.
The Katonah-Lewisboro School Board voted on Thursday, July 31, against investigating a surplus in funds. Photo Credit: Tom Auchterlonie

LEWISBORO, N.Y. -- The Katonah-Lewisboro School board voted down, for the second time in a month, a request to investigate the district's surplus funds and how they are managed, according to the Lewisboro Ledger.

Board member Dr. Peter Treyz has suggested the district's $14.9 million surplus is a direct result of overtaxation. Opponents to the investigation have said the surplus creates a buffer for the district, the Lewisboro Ledger reported.

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