The Daily Gazette
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Schools getting share of $15M 'bullet' pot

State Senate will distribute funds to struggling districts

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More than half a million dollars in state aid from a pot of funds controlled by the state Senate is being disbursed among a few cash-strapped school districts in the Capital Region. Before leaving Albany for the summer on Saturday, the state Senate approved a resolution that distributes more than $15 million in education aid that was held over from the state budget. This money is referred to as “bullet aid” because it is designed ...

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June 26, 2013
3:34 p.m.

[ Flag Post ]

Just to keep things in perspective, the increase in pension costs in the 2013-2014 Niskayuna school budget was $1.35 million. Pension increases are the result of over-promising legislators and a low yielding bond market. The decrease in promised school aid was between $3 and $4 million. The money subsequently received from the legislature was $0.375 million.