MONTROSE – an additional $1 million in financial aid is being appropriated for the Hendrick Hudson Central School District in the FY2023 state budget to be combined with the school aid, Foundation aid and Universal Pre-Kindergarten funding the district is slated already to receive.
The district lost $8 million of funding last year from the closure of the Indian Point Nuclear Facility in Buchanan, and although the state increased the district aid package considerably in this year’s budget, an immediate gap remained between anticipated revenue (including state aid) and projected costs. The extra $1 million of state funding will prevent staff layoffs and classroom overcrowding.
“We remain strongly committed to helping the entire Hendrick Hudson schools community from the negative impact caused by the loss of tax revenue during the closing and decommissioning of Indian Point,” said Senator Pete Harckham. “The taxpayers in the school district, especially homeowners and small businesses, are facing challenges through no fault of their own, and this infusion of funding will help ensure students here receive the educational opportunities that they deserve.”
“The additional $1 million in the state’s current budget will help mitigate tax increases by providing significant tax relief to all of Hendrick Hudson’s taxpayers,” said Hendrick Hudson Central School District Superintendent Joseph Hochreiter.
With the Indian Point PILOT agreement with the Hendrick Hudson Central School District decreasing over the next number of years, the State Department of Education and Office of the Budget have confirmed that state aid to the district will increase nearly four-fold in the coming years.
