Rybaltowski said the priority has always been to give the students the best education possible, and the district will continue to do so going forward.
South Colonie is also preparing for additional cuts, as it also has had December payments withheld.
The governor's action amounted to an $88,100 loss in revenues to South Colonie Schools, according to information from the district.
"The Governor has said that during the next few months other monies, including STAR payments of $1.3 million due to South Colonie in early January, may also be delayed as part of the strategy for dealing with the state fiscal crisis," the statement reads. "Although the Governor is saying that this money is just being lagged and will be paid in the future, some pundits are speculating that this lag may become a permanent cut. If this is the case, the district will be faced with some serious decisions on how to make up the money including possible mid-year staff reductions and spending freezes across the board."
The New York state teachers union, NYSUT, filed suit claiming the governor took illegal and unconstitutional action by withholding funds.
"The district will continue to monitor this situation as further economic news is released," according to the districts Web site.