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Cuomo: LI schools have millions in reserve

(Feb. 1, 2011)

Photo credit: Kevin P. Coughlin | (Feb. 1, 2011)

ALBANY - The Cuomo administration says more than four out of five Long Island school districts are sitting on tens of millions of dollars in reserve funds - more than enough to offset the spending cuts the governor has proposed.

According to data compiled by the administration and obtained by Newsday, 74 percent of school districts statewide - and about 85 percent on Long Island - could use...

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