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While the North Colonie Central School District
continues to be financially secure, the district will receive
significant financial incentives following an annexation:
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Receipt of $30 million in Operating
Incentive Aid over the next 14 years.
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A major increase in state Building Aid, from
48 to 68 percent, for approved building projects.
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The infusion of Operating Incentive Aid
coupled with Building Aid will allow the district to update its
facilities to meet the demands of the 21st century without
further burdening local taxpayers.
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The additional funds will allow the district
to stabilize future tax rates and make needed purchases and
improvements, such as upgrades to instructional computers and
other equipment.
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Maintain and even expand instructional
programs with the additional resources the will follow the
annexation.
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