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State Budget Has Historic Increases for Education Funding

April 24, 2008

The 2008-2009 NYS budget continues the commitment to better education for New York’s students, increasing education funding by a record $1.7 billion, with a total investment of $21.4 billion. The spending plan includes a $533 million foundation aid increase for New York City schools, and affirms the Assembly’s deep commitment to education, despite a daunting economic climate.
These increases uphold the tenets of the Campaign for Fiscal Equity statewide and keep us on track to meet the 4-year educational investment plan.

The budget moves toward the full implementation of the school foundation formula, which calls for stable and transparent funding for school districts. It represents a second year of record school aid increases. The budget also increases funding to libraries and expands the number of 4-year-old children attending pre-K to 121,000.

However, more work needs to be done now by the City of New York to make sure that the students of the Upper East Side and the rest of the city receive the education that they need and deserve. I and the rest of my colleagues in the Assembly do not support Mayor Bloomberg’s proposal to cut $324 million from the New York City Department of Education budget for 2008-2009. Therefore, the Assembly in its budget is requiring the mayor and the city to keep the $324 million commitment that they pledged last year to their students.

We cannot afford to compromise the education of this city’s and this state’s next generation of leaders in an attempt to cut corners in spending.

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Written by Micah · Filed Under Albany Report, Blogroll, Budget 

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