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New Rochelle board warns of 'fiscal cliff' as state aid falls; budget workshop outlines possible cuts and added public meetings
Summary
At a Feb. meeting at Trinity Elementary, district leaders said proposed state foundation aid would increase only 2%—far less than recent years—and presented revenue, tax-cap and reserve figures that could force program and staffing reductions unless additional funds arrive or voters approve new revenue.
The City School District of New Rochelle held a budget workshop during its public meeting at Trinity Elementary on Feb. 10, 2025, where district leaders warned that a sharp slowdown in state foundation aid has created a potential “fiscal cliff” that could force program and staff reductions.
Dr. Corey Reynolds, superintendent, said the state’s current proposed increases fall well short of expectations: “We didn’t get enough money this year to do what we feel we need to do for our students,” he said, adding that the shortfall arrived faster than district leaders anticipated.
The assistant superintendent for business and operations, Carlos Liao, and business administrator Joy Mike presented revenue and tax-cap detail. The governor’s proposal for 2025–26 shows foundation aid rising about 2% compared with larger increases in prior years; the district’s working estimate of available revenue for 2025–26 is $350,668,762. Liao warned that the 2% foundation aid figure produces only a modest $1.3 million increase in foundation aid for New Rochelle compared with the prior year.
Joy Mike review…
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