August Excess Cost Aid payments and July Deferred Building Aid payments have been approved to be released to school districts. Pursuant to the language in the Enacted State Budget, the Division of Budget (DoB) has reduced the payments to 80% of the total amount due. From our conversations with the NYSED State Aid Unit, it is not clear whether the additional 20% is just delayed, or whether it will be paid at all. Additionally, going forward it looks like any aid payment with a statutory due date will be paid at 80% of the amount due, but anything without a statutory due date may be completely withheld by DoB, at this time. State Aid Planning will continue to monitor this situation and will provide updates when more information becomes available.
See additional information at: Supplement to the Annual Information Statement.