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Monday, October 22, 2007

School Budget Boost

The City and New York City are getting more aid over the next four years, starting this year. Here's a look at the numbers from the Campaign for Fiscal Equity:

2007-2008 State Education Budget and Reform Act
School Aid Increase:

Over the next 4 years: $7 billion in total school aid, out of which $5.5 billion is foundation aid.

This year (2007): $1.76 billion total, $1.1 billion in foundation aid.

New York City
Over the next 4 years: $3.2 billion total, $2.2 billion foundation aid.

This year (2007): $710 million total, $470 in foundation aid (ultimately reduced to $258 million for inflation and other adjustments)

We want to hear your thoughts on how that money could be best put to use.


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