New School Funding Recipe Could Be Costly For Local Schools

Area schools are slated to collectively lose more than $2.9 million in foundation aid for the next school year if the state Legislature approves policy changes proposed in Gov. Kathy Hochul’s executive budget plan. Saranac Lake Central School District and Lake Placid Central School District will see the largest foundation aid losses at $1,469,668 and $843,853, respectively, reports the Adirondack Daily Enterprise.