The Gap Elimination Adjustment (GEA) law was first introduced for the 2010-11 fiscal year by then-Governor Paterson as a way to help close New York’s then $10 billion budget deficit. Under the legislation, a portion of the funding shortfall at the state level is divided among all school districts throughout the state and reflected as a reduction in school district state aid. These reductions ultimately fall onto the backs of school districts and in turn, local taxpayers.
In 2013-14, RCS is expected to see an overall loss in funds of more than $2.8 million as a result of the GEA. Since the adjustment went into effect four years ago, the total GEA reduction in school aid for RCS amounts to loss off $11,651,854 in State Aid revenue.
The executive budget proposal has $250 million set aside for
Performance Grants and an additional $203 million set aside for “Fiscal
Stabilization Funding.” Reallocating those funds to school districts
would go a long way in helping us close our “GAPs.”
Note: 2013-14 numbers below based on Executive Budget Proposal and RCS estimated expenditures.