Combined reserves Islandwide totaled nearly $3.25 billion in 2023-24, equivalent to 21% of budgeted spending. The $3.25 billion figure was up 3.7% from the previous year.

Well, that depends on how you look at it. Dojo surveyed around 1,000 SMBs and found that 2.0% had no cash reserves at all, with a further 0.2% saying they had just enough in the bank to last a month.

Cash reserves held by Long Island school districts climbed to nearly $3.64 billion during the 2024-25 academic year — up 12% from last year, Newsday found in a review of state financial records.