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Cold Spring Harbor Central School District will pay a combined $14 million to settle federal lawsuits by two former students who alleged they were sexually abused by their now-deceased teachers more than 40 years ago, and that school officials ignored and later covered up the allegations...
The agreement requires the district to pay the women a combined $4.5 million within the next 60 days — funds that will come out of its unassigned fund balance, which can be used for emergency expenditures, Gierasch said. The district also has $2.3 million available in a liability reserve fund to pay the victims, she wrote.
The affluent district will finance the remaining $7.2 million and is considering liquidating one of two capital reserve funds to pay off the debt — a move that would require a vote by residents, she wrote. That district would have about $5 million remaining in its other capital reserve account for future projects, Gierasch said.
The victims have my sympathy, but I am sorry this is going to sound cold hearted toward the two victims.
Because the problem I see with this that the teachers, staff, parents and above all the children of the Cold Spring Harbor School District have nothing to do with what happened more than 40 years ago. No one in charge back then is in charge now. The only people being punished are the parents and children of today.
I guess people need to have a way to seek justice and this is the way our legal system works but this does not seem right to me either.
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