LI schools' cash reserves hit $2.4B high

Cash reserves stockpiled by Long Island school districts are at a record high of nearly $2.44 billion, which officials said will help strengthen school security this year, carry out building improvements and repairs, and serve as a hedge against future economic challenges.

The accumulation of funds, however, has infuriated critics who contend that districts should apply more of their surplus money to provide relief for the Island's homeowners, whose tax bills are among the nation's highest.

https://www.newsday.com/long-island/education/schools-property-taxes-cash-reserves-1.20648244