New York A01771 amends the education law to withhold state aid from school districts with excessive unexpended surplus funds.

New York A01771 amends the education law to ensure that school districts are ineligible for full state aid if an audit finds they have an inappropriate excess of unexpended surplus funds and did not reduce their school tax levy proportionally. The commissioner will withhold an amount equal to the excess of four percent of the current year school budget. This change takes effect immediately.

New York A01771 amends the education law to withhold state aid from school districts with excessive unexpended surplus funds.

New York A01771 amends the education law to ensure that school districts are ineligible for full state aid if an audit finds they have an inappropriate excess of unexpended surplus funds and did not reduce their school tax levy proportionally. The commissioner will withhold an amount equal to the excess of four percent of the current year school budget. This change takes effect immediately.