Over the Cliff: School District Finances on the Edge
|New York schools are teetering at the edge of a funding cliff. Gov.
David Paterson has proposed a $1.1 billion cut in aid to schools for
the 2010-11 school year at a time when local school boards face
tapped-out property taxpayers, the looming expiration of federal
stimulus dollars in 2011 and double-digit employee pension costs on the
A NYSSBA analysis reveals that if these cuts were enacted, they could set into motion several "cliffhangers," or factors that could threaten the long-term economic well-being of public schools in New York State and potentially push school district finances over the cliff.
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