Bill > A08708

This bill amends the New York State education law to modify how state aid adjustments are handled for school districts. Specifically, the bill requires that any state aid owed to a school district from a prior year adjustment must be paid during the first state aid payment of the following school year. The bill introduces new provisions for recovering excess payments, stating that if a district has been overpaid by more than 1% of its total general fund expenditures, the district can request to have the excess amount recovered through deductions spread across up to three subsequent years. The legislation also clarifies the timeline for submitting claims, with a strict limitation that claims must be submitted within one to three years after the close of the school year, depending on the specific year. For claims approved by June 30, 2025, the state will annually appropriate up to $50 million to pay eligible claims. The changes aim to provide more predictability and clarity in the state's process of calculating and distributing school aid, ensuring that districts receive corrections to their state aid in a timely and structured manner. The bill will take effect immediately and apply to school years starting on or after July 1, 2026.

Education

https://www.nysenate.gov/legislation/bills/2025/A8708