Bill > S06585

This bill appropriates a total of seven million dollars to the Island Park School District over a seven-year period to help stabilize the district and compensate for a loss of tax revenue. Specifically, the bill provides that one million dollars will be made available immediately, with an additional one million dollars to be allocated each year on July 1st for the following six years. The funds will come from the state treasury's general fund local assistance account, and will be disbursed to the school district upon audit and warrant by the state comptroller. The purpose of this appropriation appears to be providing financial support to a school district experiencing economic challenges, likely due to a significant reduction in local tax collections. The bill takes effect immediately upon passage, allowing the school district to receive the first installment of funding right away.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S6585