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Bay Shore board authorizes $3.75 million Child Victims Act settlement, may replenish insurance reserve up to $2.5 million
Summary
The Bay Shore Union Free School District board approved payment of $3.75 million to settle a Child Victims Act claim and authorized a potential transfer of up to $2.5 million from the general fund to the district's insurance reserve at fiscal year close.
The Bay Shore Union Free School District board voted May 28 to approve a $3,750,000 settlement in a claim brought under the Child Victims Act and authorized a transfer of up to $2,500,000 from the general fund into the district's insurance reserve at the close of the 2024–25 fiscal year if funds are available.
The action came during a short business session in which the board also authorized the president (or vice president) to execute the settlement agreement and release. The motion to disburse the settlement and the companion motion to authorize the…
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