NYC schools still have $4.4 billion in COVID aid to spend by 2024-25

Big Apple public schools have hundreds of millions of dollars in federal COVID-19 aid leftover from last school year, according to an analysis by the city Comptroller’s Office released Monday.

In total, the Department of Education has $4.4 billion in stimulus cash that it must spend by the 2024-25 school year, when the funds expire, Comptroller Brad Lander said.

The comptroller’s year-end fiscal review found that of $3.02 billion the DOE budgeted for the 2021-22 school year, an estimated $505.6 million in the time-sensitive funds has yet to be committed...

https://nypost.com/2022/08/01/nyc-schools-still-have-4-4-billion-in-covid-aid-to-spend-by-2025/