You may have read recent news reports stating that the East Islip School District has been designated by the State Comptroller’s Office as being in “moderate fiscal stress” for the fiscal year ending June 30, 2015.

In 2013, the comptroller implemented a fiscal stress monitoring system for school districts and local governments to be used as an early warning system, allowing school districts the opportunity to be proactive in avoiding a fiscal crisis.

In large part, our inclusion on this list is due to the fact that we utilized district fund balance to keep tax levy increases under the tax cap, thereby creating a fund balance that is lower than the recommended level. Another contributor to the rating is the fact that the district issued short-term debt – tax anticipation notes – to fund operations while awaiting the receipt of real estate taxes from the town. This issuance of short-term debt impacts all Long Island districts.

The Board of Education and administration continue to strive to make fiscally responsible decisions that will ensure the financial health of the district and support our high-quality educational programs in the East Islip School District.