Audit shows improved net position; board discusses $20 million capital‑reserve referendum Auditors issued a clean opinion on district financials; net position improved from a $53 million deficit to $45 million negative. Board reviewed a five‑year financial outlook and discussed a potential May 2026 referendum to fund a $20 million capital reserve (illustrative: $2 million/year for 10 years) prioritizing HVAC and safety projects.

The Cohoes City School District is turning a corner with an improved financial outlook and a bold $20 million capital reserve plan aimed at upgrading crucial safety and HVAC projects.

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