Central NY’s Statewide School Finance Consortium releases a report on inequity in state aid: “With no changes in the state aid formula, an estimated 100 – 150 school districts will not have sufficient revenue or cash reserves to sustain themselves and will therefore face the prospect of financial insolvency within the next one to two years.
Under the new Tax Cap law wealthier school districts that are less dependent on state aid will be able to raise more money than less wealthy districts. Attaining the 60% super majority to go above the ‘tax levy limit’ mandated in the new law will likely be unrealistic in these communities, which will force schools to continue an unsustainable process of further cuts to staff and program and use of reserves to stay in operation.” Repercussions for CA & other states. cc Committee for Education Funding
The Statewide School Finance Consortium (SSFC) is an organization of nearly 360 New York public school districts whose mission is to bring equity to the distribution of New York State educational aid. SSFC membership is largely comprised of school districts from average and low-wealth communities th…