New York A00344 amends lottery aid formulas for school districts by adjusting the calculation of additional lottery grants.

New York A00344 amends the state finance law to change how additional lottery grants are calculated for school districts. Eligible school districts will now receive an additional lottery grant based on their total aidable foundation pupil units for the base year, multiplied by the base grant, regional cost index, pupil need index, and the aid ratio. The base grant is determined by the net total available moneys after certain payments, plus an amount from the general support for public schools. The aid ratio is calculated as one minus the pupil wealth ratio of the district.

New York A00344 amends lottery aid formulas for school districts by adjusting the calculation of additional lottery grants.

New York A00344 amends the state finance law to change how additional lottery grants are calculated for school districts. Eligible school districts will now receive an additional lottery grant based on their total aidable foundation pupil units for the base year, multiplied by the base grant, regional cost index, pupil need index, and the aid ratio. The base grant is determined by the net total available moneys after certain payments, plus an amount from the general support for public schools. The aid ratio is calculated as one minus the pupil wealth ratio of the district.