(WBNG Binghamton) As federal lawmakers remain at a stalemate over the looming fiscal cliff, New York schools are bracing for what could be a big hit to their budgets.
In a statement released Tuesday, the New York State School Board Association said across the state, schools stand to lose $164 million if an agreement isn't reached in Washington.
While the Southern Tier wouldn't be taking the biggest hit, with losses per school district averaging just over $64,000, NYSSBA officials said schools here would have the most difficult time bringing in more money.
They said schools would have to raise the tax levy an average of one percent to preserve programs. That's half of what's allowed what's allowed under New York State’s property tax cap without voter approval.
Across the state NYSSBA officials said $164 million could be lost for students with disabilities and those in poverty.