Provides for accelerated payments to the city school district of the city of Mount Vernon

This bill provides Mount Vernon City School District with accelerated state payments to support its fiscal stability. It authorizes annual payments of $5 million starting in the 2025-2026 school year, calculated using a formula based on the number of years elapsed since 2025 (e.g., $5 million in 2025-2026, decreasing gradually over 28 years). The district must submit monthly financial reports detailing fund balances and usage of these payments, and quarterly budget reports comparing actual revenues/expenditures to estimates. These payments are deducted from future state aid to the district before other payments are made, and all reports are shared with state education and budget offices. The funding mechanism applies through the 2052-2053 school year.