By Bethany Bump
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.”
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Source: timesunion.com (via The Empire Report)
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