Updates & Publications

Amendment to Education Law Regarding Reserve Funds

Posted by Gregory J. Guercio | Jan 26, 2017 | 0 Comments

On December 31, 2016, the Governor signed into law a bill that amends the Education Law, in relation to requiring notice of reserve funds and reserves funded by resolution and to require that each school district post on its website, if any, a final annual budget and any multi-year financial plan adopted by the board of education or trustees. Guercio & Guercio clients may access the full requirements for school districts under these new laws by accessing the full memorandum in the client portal. Please note that these amendments do not take effect until July 1, 2017.

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