New High Need Supplemental Building Aid Ratio (HNSBAR)
- Only high need school districts are eligible for the HNSBAR.
- View
the list of High Need Districts (
58KB) Dated (08-Jun-2005)
- View
the list of High Need Districts (
- 2006-07 is the earliest aid year in which the HNSBAR could be applied to a prospective project.
- Only prospective projects approved by the voters on or after 7/1/05 are eligible for the HNSBAR. Because aid on prospective projects begins to flow no earlier than 18 months after the Commissioner's approval date, 2006-07 is the first possible aid year in which any prospective project assumed debt service expense would be aided using the HNS ratio.
- For projects eligible to be aided by the HNS aid ratio, the maximum aid ratio is 98%; the maximum remains 95% for all other projects.
The HNSBAR also can be applied to lease expense, building condition survey expense, and capital outlay exception expenses; i.e., projects <$100,001, emergency projects)
Lease expense for leases approved on or after 7/1/05 are eligible to be aided under HNSBAR, beginning with 2005-06 expenses for 2005-06 aid)
Expenses for building condition surveys pursuant to 3602 6-e are eligible to be aided under HNSBAR, beginning with 2004-05 expenses for 2005-06 aid. However, the additional 10% incentive will not apply.
Expenses for capital outlay exceptions pursuant to 3602 6-f ($100,000 projects, emergency projects…) are eligible to be aided under HNSBAR, beginning with 2005-06 expenses for 2006-07 aid.
- Energy performance projects not approved by the voters are not eligible to be aided under the HNSBAR.
- Expenses aided under Education Law 3602 6-c, including expenses for metal detectors, security devices and electronic partitions, are not eligible to be aided under the HNSBAR.
- View the calculation of the HNSBAR for
two sample high need districts. (
21KB) Dated (09-Jun-2005)
- Open an Excel file containing the
HNSBAR calculation for several high need districts. (
17KB) Dated (08-Jun-2005)