Directs the commissioner of education to appoint a monitor for the Buffalo city school district
What changed between versions
Removed the entire accelerated payment schedule that would have provided Buffalo City School District with $35,000,000 in the first year (2026-2027), phasing down linearly to zero over 30 school years (through 2055-2056). The formula was: $35M x (30 - years elapsed) / 30.
Removed provisions requiring the apportionment to be paid from the state lottery fund and general fund, with first payment due by May 20, 2027 and subsequent payments by June 30 of each school year.
Removed the offset mechanism that would have deducted the accelerated payment amount from the district's regular aid under Education Law section 3609-a in a specified order (lottery apportionment, then fixed fall payments, then individualized payments).
Removed monthly fiscal condition reports that the chief fiscal officer and superintendent would have been required to prepare for the board of education, covering fund balances and use of the apportionments, from July 2027 through June 2057.
Removed quarterly budget variance reports with trial balances that would have been submitted to the state comptroller, division of budget, commissioner of education, and legislative finance committee chairs, including recommendations for remedial actions on unfavorable variances.
The bill title was changed to remove the phrase 'relating to the apportionment of aid to such school district,' reflecting that the bill no longer contains any funding provisions.
The expiration provision was updated: previously sections one and eleven expired June 30, 2056; now only section one expires on that date since the old section 11 (funding) was removed. Sections two through ten still expire June 30, 2030.