Thursday, August 5, 2010

Cash-strapped NY, public schools may get windfalls - Boston.com

Cash-strapped NY, public schools may get windfalls - Boston.com

Cash-strapped NY, public schools may get windfalls

By Michael Gormley
Associated Press Writer / August 5, 2010
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ALBANY, N.Y.—New York and its counties are in line to get $2 billion in Medicaid funding from Washington that was feared lost and $607 million in new education aid to avoid teacher layoffs, U.S. Sen. Charles Schumer said Wednesday.
New York City and counties will share $530 million in Medicaid reimbursement. The state will get $805 million this fiscal year and $600 million for the 2011-12 fiscal year, Schumer said.
The windfalls for the cash-strapped state and schools facing funding cuts -- and reeling from delayed state aid payments -- surprised state and federal officials.