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District business manager: 98% of school tax revenue received; Rockefeller Institute foundation-aid study under review
Summary
The business manager reported the district has received 98% of its school tax revenue; Erie County has assumed collections and will remit outstanding principal. The board was told the Rockefeller Institute released a study of the state's foundation aid formula on Dec. 2, which the district is reviewing for budget implications.
The district's business manager reported that 98% of school tax revenue has been collected to date and that towns have turned collections over to Erie County, which will remit outstanding principal and retain interest and penalties after turnover. The manager said the district expects to be made whole when Erie County settles outstanding principal payments.
The manager also noted that the New York State enacted budget for 2024–25 included a provision for the Rockefeller Institute to study the state's foundation aid formula; the institute's report (released Dec. 2) runs over 300 pages. District staff will analyze the study's recommendations for potential impacts on Eden's 2025–26 budget.
