"functionally bankrupt" New York State cuts aid to schools

When Governor Cuomo released the New York State 2011-12 budget yesterday, we learned that our local school district will lose $456,870 in state aid, a decrease of 11.61% from last year.  Statewide, cuts to schools will be 7.3%.

"It is a perfect storm — and not the snow kind," Mahopac Superintendent Thomas Manko said, referring to reduced state funding, Cuomo's plans for a property-tax cap and taxpayers' growing economic angst.

Details are here, including a listing of cuts to all school districts.  More state budget details here.

School aid accounts for 29% of New York State General Fund spending.
http://bronxville.patch.com/articles/cuomo-government-spends-too-much-money-gets-too-little-for-the-people