Summary
During state budget hearings in Albany on Tuesday, Lt. Gov. Robert Duffy echoed the same theme we've been hearing from the governor: the schools should be able to absorb the proposed state aid cuts without feeling the pinch.
Among other things, Duffy again pointed to the millions that school districts have in reserve funds. By the most recent estimates available, from the end of the last fiscal year in June, that totals $1.5 billion statewide.See the full content of this document
Extract
How Much Does Your District Have in Reserve?
By law, a district can have up to 4 percent of its total budget set aside in undesignated fund balance...
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