NY A06242

Provides $20 million in accelerated funding to East Ramapo Central School District to address a substantial budgetary shortfall and meet payroll obligations

Establishes a 30-year payment schedule (school years 2025-2026 through 2054-2055) with annual apportionments calculated using a declining formula based on years elapsed since 2025-2026

Requires the district to apply to the Commissioner of Education between the second Monday and Friday following the third Monday in July each school year, with payments due by July 31st

Mandates monthly fiscal condition reports from the chief fiscal officer and superintendent to the board of education and monitors from July 2025 through June 2055

Requires quarterly budget reports comparing estimated revenues and appropriations to actual figures, with remedial action recommendations for any unfavorable variances, submitted to state officials including the Division of Budget, Comptroller, and legislative committee chairs