January 15, 2010 - According to Governor David Paterson, with revenues increasing state coffers to a more comfortable level, aid payments to schools that were delayed in December will now be paid. North Colonie will be paid its promised aid of $61,000 from the month of December, as well as its aid from January, that totals $928,000.

"Because revenues have now come in to the extent that we were expecting in January, I am now, on Friday, going to complete all the payments to everyone who was supposed to get money from the state in December," Paterson stated.

Paterson said there may be problems similar to those in December, if the Legislature does not act to cut a looming budget deficit. The state budget is due April 1, and the governor will release his executive budget Jan. 19.

We will continue to monitor this situation as further economic news is released. If you have any questions about this matter, please contact the North Colonie Business Office, 785-8591.