He said he is dedicated to "quality teaching, learning and a focus on children," despite the challenges ahead.
North Colonie is facing a close to $1.8 million cut in aid next year.
The district was going to receive $2.4 million in stimulus money from the federal government next year, but the state filled part of the 2009-2010 aid cut with half of that, so next year the district will only receive $1.2 million, according to officials.
Jane Dawson, a parent and human resources employee in the district, said she is confident that Corr can see North Colonie through the tough financial times and "inspire" those around him to creatively find solutions.
"I think they'll find a way to continue the excellent programs offered," she said.
Dawson has a 10th-grader and recent graduate in the district, she said.
Mary Nardolillo, president of the North Colonie Board of Education said the district conferred with BOCES about selecting Corr, but ultimately made the decision in-house.
"We're very excited about the future of the school district under the leadership of Mr. Corr," she said. "He has the respect of this community."
She said the board, along with Ehrenberg, and eventually Corr, will work to keep whatever cuts the district has to endure away from the students.
"The district is really looking at everything, scrutinizing everything," she said.