NY budget extender creates fiscal uncertainty

Imagine having to make financial decisions without knowing your income.

That is where Central Valley leaders find themselves.

After the governor and New York State Legislature failed to reach an agreement on a state budget by the April 1 deadline, they enacted a “budget extender.” This extender keeps state spending at current levels through May 31 so that the government can continue to operate.

The lack of an approved state budget means Central Valley officials will rely on state aid estimates as they finalize the district’s budget proposal. This poses a challenge because 79 percent of Central Valley’s revenue comes from state aid. Despite the delay, the board of education must adopt its budget proposal no later than Apr. 21.

In the meantime, district leaders will make decisions based on their best estimates.

Residents will vote on the proposed budget on Tuesday, May 16.