New York S07788 allows school districts to create reserve funds for special education costs, up to 4% of the district's budget.
New York S07788 amends the education law to permit school districts to establish reserve funds for unanticipated costs related to special education. The amount in such reserve fund cannot exceed four percent of the district's current school year budget. This reserve fund can only be established by a majority vote of the qualified voters of the district. Expenditures from this fund can be made for the specified purposes without further voter authorization.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.