Pittsfield Cooperative Bank Names Compliance Officer

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PITTSFIELD, Mass. — The Pittsfield Cooperative Bank has named Ed Schumann as compliance officer.

"The area of compliance continues to change and evolve as new regulations are established and implemented," said J. Jay Anderson, president and CEO of the 127-year old financial institution. "We will all benefit as Ed applies his knowledge and experience in leading this critical function."

In this role, Schumann is responsible for ensuring all areas of the bank abide by all applicable laws and regulations.

Prior to this role, Schumann served as the branch manager at the Pittsfield Cooperative's Great Barrington location.  
A graduate of Queens College, he resides in Lakeville, Conn.

 


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Central Berkshire School Officials OK $35M Budget

By Sabrina DammsiBerkshires Staff
DALTON, Mass. — The Central Berkshire Regional School Committee approved a $35 million budget for fiscal 2025 during its meeting on Thursday.
 
Much of the proposed spending plan is similar to what was predicted in the initial and tentative budget presentations, however, the district did work with the Finance subcommittee to further offset the assessments to the towns, Superintendent Leslie Blake-Davis said. 
 
"What you're going see in this budget is a lower average assessment to the towns than what you saw in the other in the tentative budget that was approved," she said. 
 
The fiscal 2025 budget is $35,428,892, a 5.56 percent or $1,867,649, over this year's $33,561,243.
 
"This is using our operating funds, revolving revenue or grant revenue. So what made up the budget for the tentative budget is pretty much the same," Director of Finance and Operations Gregory Boino said.
 
"We're just moving around funds … so, we're using more of the FY25 rural aid funds instead of operating funds next year."
 
Increases the district has in the FY25 operating budget are from active employee health insurance, retiree health insurance, special education out-of-district tuition, temporary bond principal and interest payment, pupil transportation, Berkshire County Retirement contributions, and the federal payroll tax. 
 
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