March 31, 2010 - Governor David Paterson announced on Tuesday that he is withholding $2.1 billion in school aid payments in order to help keep the state from ending its fiscal year in the red.

North Colonie was due $2.7 million in state aid on March 31. Instead, the Governor is delaying the payment, due to the state's fiscal challenges and weakened economy. The funding is expected to be paid in June.

“Regrettably, North Colonie, like other districts statewide, finds itself negatively affected by continuing problems at the state level”, Assistant Superintendent for Business Thomas Rybaltowski said.

The governor took similar steps in December when he withheld $750 million in aid payments. When state revenues came to the levels that Gov. Paterson expected in January, he paid the state aid to schools.

While this delay in school aid is related to the state budget process, it should not affect the 2010-11 North Colonie School budget.