Just Jack Posted July 21, 2017 Share Posted July 21, 2017 and not in a good way... http://www.syracuse.com/news/index.ssf/2017/07/one_mans_huge_lottery_win_costs_cny_school_district_452000_in_aid_district_says.html Loveless' winnings pushed up the school district's total wealth, as calculated by the state's school aid formulas. It bumped Port Byron from being one of New York's poorest school districts to one that's almost middle class, said Neil O'Brien, Port Byron's superintendent. ... But, if the state doesn't take action, Port Byron will take a one-time loss of state aid that O'Brien estimates is about $452,831. That's about 3 percent of the $13.3 million in aid the district currently receives, according to district figures. Port Byron's budget for 2017-2018 is $21.2 million. ... This isn't the first time such a lottery windfall has affected a small, poor school district. In 2012, a resident of the Green Island Union Free School District in the Capital District hit the Mega Millions for $28.7 million, which threatened to lower the state aid to the little one-building school district. Link to comment Share on other sites More sharing options...
unbillievable Posted July 21, 2017 Share Posted July 21, 2017 Easy fix; Have the city take their fair share of 95% of the rich guy's money. I hear that's what it was in 1900's or something. Link to comment Share on other sites More sharing options...
row_33 Posted July 21, 2017 Share Posted July 21, 2017 Time to ban lotteries, a voluntary tax on morons with false hope. Link to comment Share on other sites More sharing options...
Azalin Posted July 21, 2017 Share Posted July 21, 2017 All they need to do is exempt lottery winnings from their calculations and this won't happen. Link to comment Share on other sites More sharing options...
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