Fast Five Facts to Note About State Aid and Federal Funds related to ESM
As has been reported by various media outlets, NYS has released its updated state aid numbers for the 2021-22 school year and several federal relief packages for schools have been discussed. Below are a few key points to note on how these figures affected our ESM school district. Please tune into our Board of Education meeting this Wednesday to learn more!
* Despite fears of drastic state budget cuts (which were believed to reach up to 20%), the district’s share of state aid is not expected to be reduced for 2021-22. In fact, we are expected to receive a modest increase for the coming year.
* Through the Federal Coronavirus Response and Relief Supplement Appropriations Act, the district is expected to receive up to $2.9 million which is specially earmarked to fund COVID-19 related costs. This will be allocated over a three-year period (March 2020-late 2023).
* As part of the Federal American Rescue Plan Act the district is expected to receive up to $2.4 million specially earmarked for unfinished learning attributed to conditions related to the pandemic. These funds are able to be allocated over a three-year period.
* It is important to note that the district’s allocation of Federal funds can only be applied to supplement funding in those specific categories. They cannot be used to fund any alternative expenditures.
* In order to receive the federal funds, the district must complete a rigorous application process (including detailed plans outlining our expenditures) in order for the district’s allocation to be reviewed and monies distributed. As such, the amount the district will ultimately receive in federal funding might vary from the initial estimates noted above.
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