With first quarter nearly done, school district budgets still up in the air

Categories: -The Daily Gazette, News, Schenectady County

As the Schenectady school board considered its latest round of layoffs last week, board member Nohelani Etienne, newly elected to the board in May, asked if there was any way to delay the cuts – even for just a week or two.

Just hours before the board’s Wednesday meeting, state budget officials indicated they planned to fully fund school aid payments due to districts later this month, and in an op-ed written for the Albany Times-Union, state budget director Robert Mujica said districts beginning to lay off staff were “acting prematurely.”

That same day, New York State United Teachers, along with Schenectady Federation of Teachers President Juliet Benaquisto, sued the state over aid reductions in districts across the state.

The school board had already approved well over 300 layoffs at previous meetings, but the conflicting messages around school funding pushed Etienne to try

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RYB Education, Inc. Reports Second Quarter 2020 Financial Results

BEIJING, Aug. 27, 2020 /PRNewswire/ — RYB Education, Inc. (“RYB” or the “Company”) (NYSE: RYB), a leading early childhood education service provider in China, today announced its unaudited financial results for the second quarter of 2020.

Impact from COVID-19

With the unprecedented challenges created by the Covid-19 pandemic since late January 2020, the Company encountered disruptions of business starting from the first quarter. Following the control measures and regulations introduced by the government, the Company began in late January to temporarily suspend the operations of its facilities in China. The closure of facilities has continued through nearly the entire second quarter of this year. This had a significantly adverse impact on the result of operation in the first half of 2020 as the majority of the Company’s net revenues are derived from tuition fees collected at such facilities.

In response to the challenges presented by Covid-19, the

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