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The 2014-15 Enacted State Budget included a methodology to calculate the Smart Schools Bond Act allocation amount for each eligible school district. Eligible school districts are those that receive Foundation Aid. The amount is proportionate to the district’s share of total formula based school aid in the 2013-14 school year, excluding Building Aid, Universal Prekindergarten Aid, and the Gap Elimination Adjustment.
For example, if a district receives 2 percent of this total State school aid, the school district’s Smart Schools Bond Act allocation would be $40 million (0.02 × $2,000,000,000). The funding available under the Smart Schools Bond Act is a one-time allocation, not an annual amount. These funds will not expire, but once they are expended, no additional funds will be made available. Riverhead's Allocation is $2,191,853. School district allocations are available at: http://programs.governor.ny.gov/smart-schools-ny
ROBERT HINES, the Director of Technology, gave a presentation at the October 18th Board of Education Meeting concerning the NEW YORK STATE SMART SCHOOLS BOND ACT.
The Smart Schools Bond Act was passed in the 2014-15 Enacted State Budget and approved by the voters in a statewide referendum held during the 2014 General Election on Tuesday, November 4, 2014. New York’s Smart Schools Bond Act (SSBA) authorized the issuance of $2 billion in general obligation bond to provide access to classroom technology and high-speed internet connectivity to equalize opportunities for children to learn as well as to support infrastructure in New York’s schools.
The Smart Schools Bond Phase 1 proposal was updated according to feedback and submitted to SSBA in March 2017.
The Current Status of the Phase 1 proposal as of August 2018 is Approved according to The Office of Educational Management Services at the New York State Education Department.
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