Bill > A04808

This bill appropriates a total of seven million dollars to the Island Park School District over seven years to help stabilize the district and offset a loss of tax revenue. Specifically, the bill allocates one million dollars immediately and then one million dollars annually on July 1st for the next six years. The funds will come from the state treasury's general fund local assistance account, and will be distributed to the school district upon the state comptroller's audit and approval. The legislation is designed to provide financial support to the Island Park School District during what appears to be a period of financial challenge, likely due to reduced local tax revenues. The bill takes effect immediately upon passage, enabling the school district to receive the first million-dollar installment right away and providing a structured financial assistance plan for the next six years.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4808