Comptroller Tom DiNapoli is in Syracuse today, unveiling a new report about schools, and the amount of reserve funds they have.

His findings are not shocking. They actually mirror a similar report he put out last year. Basically, his audits found that most of the state’s schools have enough money in their reserve funds to be able to absorb the $1.5 billion in education cuts proposed in Governor Cuomo’s budget for next school year. DiNapoli made it clear that the reserve fund is only a one year solution.

“…after that, the reserves would be gone and without other actions, the expenses would still need to be addressed. And more than 100 districts across the state don’t have enough reserves for even one year,” DiNapoli said.

The reason the comptroller is in Syracuse is because Central New York and Finger Lakes schools make up a larger portion of the more than 100 districts that don’t have enough reserve funds to make up for this year’s cuts.

If you want to learn more about your schools financial standing, you can look it up here.

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