February 11, 2015
ALBANY, NY – The Gap Elimination Adjustment has been around since 2010, it was passed under Governor David Paterson. The gap elimination adjustment made it so state aid intended for schools is reduced, based on a set formula. Instead of going to schools, the money goes to other state budget items. The “gap” being referred to is the state’s budget, not the school’s budget.
State Senator Cathy Young says the gap elimination adjustment causes school boards to raise local taxes to make ends meet, and the senator says that state senate republicans have a plan to get rid of the Gap Elimination Adjustment, so that schools can get more state aid.
Numerous local school superintendents have spoken out against the Gap Elimination Adjustment.