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NY A01771
Bill
Status
1/14/2025
Primary Sponsor
Michael Fitzpatrick
Click for details
AI Summary
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School districts found by State Comptroller audit to have inappropriate excess unexpended surplus funds would lose eligibility for full state aid apportionment
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Districts must reduce their school tax levy in proportion equal to any surplus exceeding 4% of the current year school budget to maintain full state aid
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Commissioner of Education would withhold state aid in an amount equal to the excess above the 4% surplus fund threshold
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Takes effect immediately, starting with the 2025-2026 school year
Legislative Description
Provides that no school district shall be eligible to receive the full apportionment of state aid to which it is entitled if evidence is found by the state comptroller when an audit is conducted and such audit finds that a district has inappropriate excess of their unexpended surplus funds and such school district did not reduce the school tax levy in a proportion equal to the excess of four percent of the current year school budget.
Last Action
referred to education
1/7/2026