In an interview on YouTube posted by the New York Assembly Minority, Assemblyman Dan Losquardo, R-Shoreham, cut into Gov. Andrew Cuomo's proposed executive budget, namely for a $50 million cut statewide in high tax aid and a redistribution of the funds away from high cost of living areas.
From a summary of the executive budget proposal: "The Executive Budget recommends a two-tier High Tax Aid formula which will direct a greater portion of aid to school districts with both lower wealth and high property taxes. High and average need districts will receive over 80 percent of statewide funding for High Tax Aid which will total $154.74 million, a decrease of $50.03 million."
School '12-'13 ($) '13-'14 (proposed $) Difference ($) Mt. Sinai 393,079 117,923 (275,156) Miller Place 1,040,107 628,277 (411,830) Rocky Point 342,408 853,478 511,070 Shoreham-W.R. 1,167,111 980,382 (186,729) Riverhead 2,256,813 1,225,869 (1,030,944) Mattituck-Cutchogue 499,848 149,954 (349,894) Southold 298,147 89,444 (208,703) Greenport 148,016 74,512 (73,054) Oysterponds 100,000 30,000 (70,000) Fishers Island 100,000 30,000 (70,000)