From the Post Star:
This is pretty unprecedented. The issue becomes what will school districts around NY do; use their reserve accounts in the interim and hit property owners with increased taxes next year or actually get control of their spending. Remember the Whitehall school district spent $2.25 million two years ago on tennis courts and a building addition. Sadly the Whitehall school district has never shown a willingness to control spending.
In case you missed it, the Whitehall School district was recently told by the comptroller’s office that they had $150,000 over the amount that the law says they can have in one of their reserve accounts. They have a bunch of them.