Bill > A02488

This bill, known as the "Rebuild Our Schools Act," amends the education law to modify how financial aid is calculated for school building projects in certain high-need school districts. Specifically, the bill creates a new aid calculation method for school districts in counties with a population between 940,000 and 1 million inhabitants (which likely refers to a specific county in New York), focusing on addressing capacity shortages. For school years starting in 2025-2026, these districts can compute building aid using a "high-need secondary supplemental building aid ratio" that essentially provides additional financial support. The aid calculation is complex, involving a formula that takes into account existing building aid ratios and provides up to 10% additional funding. To qualify, school building projects must demonstrate capacity shortages of at least 10% in the district's overall or elementary/secondary school capacity, as determined by the commissioner of education. The bill is designed to help high-need school districts address infrastructure and space constraints by providing more flexible and potentially more generous funding for school construction and expansion projects.

Education

https://www.nysenate.gov/legislation/bills/2025/A2488