NY S09823

Yonkers city school district receives annual apportionments of $5,000,000 multiplied by a declining ratio over 30 school years (2024-2025 through 2053-2054), with payments issued by May 31st each year.

Funds must be applied to educational programs and liabilities of the district, with applications submitted to the commissioner of education between the second and third Monday of May each year.

Payments are sourced from the state lottery fund for general support of public schools and the general fund, with amounts deducted from other aid payments due under existing education law.

Yonkers city school district must submit monthly fiscal reports to its board of education starting July 2025 through June 2055, including fund balance data and use of apportioned funds in a format prescribed by the commissioner of education.

Chief fiscal officer must prepare quarterly budget reports comparing revenue estimates and appropriations to actual figures, with recommendations for remedial actions, submitted to state officials and legislative committees within 60 days of each quarter's end.