What is the Gap Elimination Adjustment?
The Gap Elimination Adjustment (GEA) was first introduced for the 2009-2010 fiscal year by then-Governor Paterson as a way to help close New York’s then $10 billion budget deficit. Under the legislation, a portion of the funding shortfall at the state level is divided among all school districts throughout the state and reflected as a reduction in school district state aid. The GEA is a negative number, money that is deducted from the aid originally due to the district. In the years since the first GEA, Minerva Central School District has already lost nearly $850,000 due to this reduction.
Now, the State reports that there is an overall budget surplus, but the GEA still exists. In Governor Cuomo's announced budget for 2014-15, school districts are still being told there will be a reduction in state aid, even though the state no longer has a budget gap. The state plans to withhold an additional $89,614 next year alone!
That means that NYS is keeping nearly one million dollars of money that should be going to fund programs for the students of MCS!
Minerva CARES about this issue; Albany needs to restore equity in school aid funding and do away with GEA. As voters and concerned citizens, we have the right to make our opinions heard in Albany.