Friday, 20 November 2009 00:00

New York State Governor David Paterson unveiled a two-year, $5 billion deficit reduction plan that he believes would eliminate the state’s current-year budget gap without raising taxes, as well as institute major structural reforms. However, part of the plan includes a decrease in state aid that is filtered down to local school districts including those in Nassau County. Such a decrease in school aid could find school taxes, which are already the largest part of a property owner’s property tax bill, escalate ever higher.

According to a press release from the governor’s office, school aid for 2009-2010 was projected to total $21.9 billion, an increase of $415 million or 1.9 percent from the 2008-2009 school year. However, the deficit reduction plan calls for an increase of $271 million or 1.3 percent from 2008-2009.

Friday, 20 November 2009 00:00