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Yonkers Hears Findings on Feasibility of Public-Private School Partnership

YONKERS, N.Y. -- Results of an independent report on the feasibility of a proposed $1.7 billion public-private school partnership were presented to Yonkers Mayor Mike Spano by the Commission of Inquiry into the Finances of the City of Yonkers on Wednesday.

Yonkers Mayor Spano and an independent commission are looking into the feasibility of a public-private school partnership in the city.

Yonkers Mayor Spano and an independent commission are looking into the feasibility of a public-private school partnership in the city.

Photo Credit: File

The four-month study, known as "Yonkers PRIDE," assessed whether it would be cost-effective and would be of practical value to the people of the city "as a means to rebuild crumbling and overcrowded schools in Yonkers."

Now it will be up to the city to decide whether to implement the plan.

“I want to thank the Commission of Inquiry for their professional assessment of the PRIDE report. The report will enable the City and the Yonkers School Board to engage in serious and thorough discussions on what’s best for our taxpayers and students," Spano said in a statement. "I look forward to the School Board’s response to the Report.”

Mayor Spano convened the Commission of Inquiry into the Finances of the City of Yonkers in 2012 as a means to provide an independent review of the fiscal status of the City. The commission members include former Assemblyman Richard Brodsky, former New York State Lt. Gov. Richard Ravitch, and financial experts Jay Bryant and Tarrus Richardson.

“While I recognize the critical importance of devising innovative and expedited solutions for our schools’ extraordinary capital needs, I called upon the Commission of Inquiry to evaluate how the proposal fits into the City’s need to frame solutions that promote fiscal stability,” Spano said in the statement. “It is paramount that the health and stability of our students’ learning environment is at the standard and quality they deserve.”

Click the link below to see the full findings of the report.

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