Buoyed by state aid and federal pandemic relief, only a handful of the hundreds of school districts in New York state are considered to be in some form of financial trouble, a report released Wednesday by Comptroller Tom DiNapoli found.
The report found 14 school districts are designated to be under "fiscal stress" -- the lowest number since DiNapoli's office began monitoring school budgets a decade ago.
Last year, 23 school districts were deemed to be in fiscal stress.
“The number of districts designated in a fiscal stress category has fallen considerably over the past three years. This year there was a particularly steep drop because of significant increases in both federal and state aid,” DiNapoli said. “High need districts in urban and suburban areas, which typically have the highest incidence of fiscal stress, received some of the largest increases in aid. However, the federal aid is temporary so school district officials may face difficult operational and staffing decisions in determining how to best provide services to their students in the future.”
New York has boosted direct aid to schools at a record level in the state budget approved last March. Gov. Kathy Hochul has signaled this month she plans to propose a state budget that will once again boost education aid by billions of dollars.
The monitoring system does not include the state's biggest school districts of New York City, Buffalo, Rochester, Syracuse and Yonkers.
Only one school district was found to be under a significant level of stress, Mount Vernon in Westchester County.
Five districts are under "moderate" stress: East Ramapo, Arkport Central School District, Harrisville Central School District, New Suffolk Common School District and Roscoe Central School District.