Bill > A06242

This bill provides financial assistance and enhanced fiscal oversight for the East Ramapo central school district, which is experiencing a significant budgetary crisis. Specifically, the bill authorizes an accelerated payment of $20 million to help the district meet its payroll obligations and prevent potential educational disruptions. The funding will be distributed over a 30-year period, with the amount prorated based on the number of school years elapsed since 2025-2026. To receive these funds, the district must submit an application to the commissioner of education between specific dates each year and comply with detailed reporting requirements. The bill mandates that the district's chief fiscal officer and superintendent prepare monthly reports on the district's fiscal condition, including fund balances and use of the apportioned funds. Additionally, quarterly budget reports must be prepared and submitted to various state agencies, including the state comptroller and commissioner of education, with detailed analysis of revenues, expenditures, and recommendations for addressing any budgetary variances. These stringent reporting and monitoring provisions are designed to ensure transparency and proper use of the allocated funds, with the ultimate goal of stabilizing the East Ramapo central school district's financial situation and maintaining the quality of education for its students.

Education

https://www.nysenate.gov/legislation/bills/2025/A6242