Statement of NYSSBA Executive Director Timothy G. Kremer on the State Comptrollerís Fiscal Stress Monitoring System for Schools
FOR RELEASE: January 16, 2014
CONTACT: Al Marlin
(518) 783-3723 or (518) 527-6933 cell
On Twitter: @nyschoolboards
Today’s report on the fiscal well-being of school districts paints a bleak financial picture for dozens of school districts statewide.
In particular, with the property tax cap and cuts in state and federal aid, the report concludes that schools are currently in a period of “low revenue growth” and lack alternative funding sources. Under these conditions, we fear that a much greater percentage of districts will be designated as fiscally stressed going forward.
With the governor set to present his 2014-15 budget proposal next week, we hope lawmakers in Albany will take note of the Comptroller’s findings. They can take action to help schools this year by providing adequate state aid and additional mandate relief for schools.