NY A07867

Establishes accelerated state aid payments to Mount Vernon City School District for school years 2025-2026 through 2054-2055, with payments up to $8 million annually that decrease proportionally over the 30-year period

Requires the district to submit applications to the Commissioner of Education during a specified window in June each year, with the 2025-2026 payment due by May 20, 2025

Funds must be used for district services, expenses, educational programs, and liabilities incurred under education law, with payments drawn from the state lottery fund and general fund

Mandates monthly fiscal condition reports from the chief fiscal officer and superintendent to the board of education, Commissioner of Education, and State Comptroller beginning July 2026

Requires quarterly budget reports comparing revenue estimates and appropriations to actual figures, with recommendations for remedial actions to address any unfavorable variances

Act expires and is repealed on June 30, 2055