The Budget Newsletter, with information for voters on the proposed 2013-2014 budget is attached. There is one candidate running for the Board of Education for the one seat open. That candidate is incumbant, Roberta Coniglio.
The date of the vote is May 21, 2013, from 2 - 9 PM in the High School Cafeteria.
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. The GEA is a negative number, money that is deducted from the aid originally due to the district. In 2012-13, the Fredonia Central School District saw an overall loss in funds of $2 million as a result of the GEA. Since the program began three years ago, the total GEA reduction in school aid for FCSD amounts to $5.5 million.
Click the image to watch a short video on the GEA.