State Comptroller Thomas DiNapoli announced his office has certified 95 school districts’ requests to use their Employee Benefits Accrued Liability Reserve funds to help make up for $190.6 million in state-aid cuts. The districts have $147.8 million in excess reserve funds.
DiNapoli’s office will complete certification by the end of the week for six districts that have announced plans to use those funds.
School districts can’t use the money until the Comptroller’s Office certifies the amount, DiNapoli said. “We have moved quickly to help those districts that plan to use these funds to save jobs and maintain educational programs,” he said in a statement.
“Even with the use of these funds, school districts still have painful choices. And using up reserves now could put school districts in a precarious position next year. School districts without enough excess EBALR funds must now rely on their undesignated fund balances, tax increases or budget cuts to fill the hole left by state aid cuts,” he said.
Five school districts don’t have any excess Employee Benefits Accrued Liability Reserve funds, including Alden in Erie County; Batavia City in Genesee County; and Worcester in Otsego County.
Horseheads, Chemung County, has one of the highest excesses in this fund, at $11.1 million.