NYSSBA: 'Fiscal Cliff' Presents Troubles for Schools

By Matt Hicks

NYSSBA: 'Fiscal Cliff' Presents Troubles for Schools

December 11, 2012 Updated Dec 12, 2012 at 10:58 AM EDT

(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.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.