Tuesday, December 13, 2016

NY Regents to Request $2.1B Increase in School Funding




ALBANY — The state Board of Regents will ask state lawmakers for a $2.1 billion increase in school funding next year, driven in part by increased enrollment of high-need students in New York schools.

Most of the increase would come from a $1.47 billion increase in Foundation aid, the state’s main school aid formula. Regents are calling for the remaining $4.3 billion owed under this formula to be phased in over the next three years — an “aggressive” timeline compared to what other groups have called for, policymakers said Monday.

“The Board of Regents first proposed Foundation aid more than 10 years ago,” said James Tallon, Jr., who heads the Regents state aid subcommittee. “With the full restoration of the Gap Elimination Adjustment in last year’s budget, we look forward to the continued implementation of the Foundation Aid formula as it provides additional resources to school districts that need it the most. The Regents proposal is an important first step in this direction.” 

Click here for the full article. 

Source: timesunion.com (via The Empire Report)

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