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Syosset treasurer outlines $7.9M foundation-aid increase and spending plan for tutoring, mental-health supports
Summary
District Treasurer Dr. Lauren Ruffo told the board that the enacted New York State budget increased Syosset's foundation aid by roughly $7.9 million for 2023-24 and outlined plans to use the funds for academic interventions, expanded mental-health services and increased special-education and English-language‑learner supports.
The Syosset Central School District Board of Education heard a summary of the district’s foundation-aid allocation and a high-level plan for using the new funds for the coming school year.
Dr. Lauren Ruffo, the district’s treasurer and presenter on the topic, said the state budget for 2023–24 included a foundation-aid increase of “approximately $7,900,000 or 50% over the amount we received in the 22–23 budgeted foundation aid.” She also reported the district’s cash position, saying, “the cash on hand for the month end April 2023 was $82,849,239.”
Why it matters: The infusion of state aid gives the district one-time or recurring capacity to expand academic interventions, student supports and staffing without immediately…
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