Review Agenda Item
Meeting Date: 6/14/2022 - 6:00 PM
Category: FINANCE
Type: Action
Subject: 16.4 Authorization for $5,100,000.00 State Aid Loan
District Goals:
File Attachment:
Lottery Advance Request May 2022.PDF
Rationale: The State of New York, pursuant to Chapter 88 of the Laws of 2000, accelerated $6 million of Education State aid during the 1999-2000 fiscal year. In each of the subsequent 30 years, the aid formula enumerated in the statutes will reduce the accelerated portion by $200,000 per year. This loan is interest free.
Resolution: Advance receipt of State Aid commensurate with prior year
Recommended By:
Signed By:
Desmond Barnett - Accountant III
Signed By:
Finance Department - Finance Reviewer
Signed By:
Elizabeth Janocha - Deputy Commissioner
Signed By:
John Liszewski - Commissioner
Signed By:
Matthew Gallagher - Corporation Counsel
Signed By:
Dr. Edwin M. Quezada - Superintendent of Schools
Vote Results:

Original Motion
Member Amjed Kuri Moved, Member Sheila Greenwald seconded to approve the Original motion 'Advance receipt of State Aid commensurate with prior year'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0.
The motion Carried 8 - 0
Rev. Steve Lopez     Yes
Kevin Cacace     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Dr. John Castanaro     Yes
Gail Burns     Yes
Sheila Greenwald     Yes
Amjed Kuri     Yes
Lawrence Sykes     Yes