Schools Face Funding Shortfall After Stimulus Ends
The analysis released Monday by the New York state comptroller shows that after the stimulus money ends, property taxes could increase to make up for the loss of federal money on top of annual increases in school spending.
A spokeswoman says the U.S. Education Department encouraged schools to diversify the use of stimulus money to avoid huge budget shortfalls when it runs out in 2011-12.
The temporary stimulus money was allocated to help states suffering deep drops in revenue because of the recession.
The study by Democrat Thomas DiNapoli is the first of its kind.