The state’s top money manager painted a bleak fiscal future for New York in a sobering report released Tuesday, estimating a jaw-dropping deficit of $36.4 billion by 2027.
Riverhead district residents at a foundation aid rally in January 2020. (Credit: Tara Smith)
After years of fighting for its fair share of school aid, Riverhead schools are poised to receive a windfall of funding under the state budget deal reached between Gov. Andrew Cuomo and state lawmakers this week.
According to budget documents released Tuesday, Riverhead will receive $46.8 million in total aid a 42% increase over last year that translates into $14 million more dollars for the district. An additional $673,254 is also included for funding universal pre-K programs.
Foundation aid, an issue that prompted hundreds of students, parents and teachers to hold a rally in January of 2020, will also rise by 72%.
State budget to bring long-awaited windfall for NYC schools nydailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nydailynews.com Daily Mail and Mail on Sunday newspapers.