|
|
|
|
|
|
|
|
|
Meeting Date:
|
5/17/2023 - 5:30 PM
|
|
Category:
|
FINANCE
|
|
Type:
|
Action
|
|
Subject:
|
13.2 Authorization for $4,900,000.00 State Aid Loan
|
|
District Goals:
|
|
|
Enclosure
|
|
|
File Attachment:
|
|
|
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.
|
|
Funding:
|
|
|
Resolution:
|
Advance receipt of State Aid commensurate with prior year
|
|
Approvals:
|
|
Recommended By:
|
|
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 Rosemarie Linton 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 | | Gail Burns | Yes | | Sheila Greenwald | Yes | | Rosemarie Linton | Yes | | Amjed Kuri | Yes | | Lawrence Sykes | Yes | |
|
|
|
|
|
|
|