Assistant Superintendent Neil Brockman told the Erie City School District board at the Committee of the Whole on Nov. 6 that the state budget remains stalled and "is now a hundred and 27 days overdue," warning the district could have to borrow to continue serving students if lawmakers do not act.

The district's Chief Financial Officer, Brian Cheese, said bond documents are being finalized and the administration expects to propose a $10,000,000 bond next week to fund construction and renovations at Strong Vincent and Grover Cleveland. An accompanying resolution will show a "not to exceed" figure of $12,000,000 to accommodate financing approvals; the administration and counsel said the district does not plan to issue more than the $10 million anticipated.

Why this matters: Erie City SD officials said reserves are finite and could carry operations into the early part of next year but not indefinitely. The board was told administration will circulate a draft resolution by Friday for consideration as supplemental new business next week so the board can act quickly if needed.

Details presented at the meeting:
- Chief Financial Officer Brian Cheese said the bond is "similar to the one we approved last year" and that documents are being completed with PFM and Knox law firm for board review.
- An attorney on the call explained that the higher "not to exceed" figure on the resolution is a financing device required for approvals; the district does not intend to issue more than the $10,000,000 the board will consider.
- Administration estimated current reserves should carry the district into approximately January, after which borrowing could be necessary unless the state budget is resolved.

State loan option discussed: board members and staff described a state 'bond intercept' program that allows districts to borrow and have the state cover debt‑service payments during a budget impasse; administration said using that option could save the district roughly $2 million when the debt service becomes due, but that the payment due date is several months beyond the new year.

Next steps and board action: administration and counsel said they will provide a locally tailored resolution draft by Friday and that the bond and any budget‑related resolution will be on next week's meeting agenda under supplemental new business.

Provenance: Brockman’s warning about the budget impasse and borrowing risk appears in the superintendent update ("the state budget is now a hundred and 27 days overdue"). The CFO’s bond update was given later in the meeting when bond documents and the anticipated $10,000,000 issue were discussed.