06/04/2024
Foundation aid is the money public schools in New York receive from the state and is the main source of revenue to run our schools. The formula that determines how much aid goes to each school district was established by a court order more than 20 years ago. But NYS has not provided the full amount of aid to schools for most of the past two decades citing state budget deficits as making the cuts necessary. But NYS is now financially quite healthy.
For the past two years foundation aid was fully funded, but the demographic data that forms the basis for the foundation aid is 20 years out of date. A lot has changed in communities throughout Long Island and New York State. NSSBA and NYSSBA have been at the forefront of the effort to have the foundation aid formula updated to better reflect the current financial and demographic realities of our communities.
Unfortunately, despite the health of NYS’ finances, our Governor has strongly signaled an intent to actually REDUCE foundation aid to our public schools. She has asked the Rockefeller Foundation to study the data and find ways to cut aid to public schools. She believes the cuts are justified because some districts have exceeded the 4% limit of their budget in reserves as set by state regulation.
This makes no sense. Governor Hochul recently noted that NYS holds an amount equal to 15% of its overall budget in reserves and called this the “gold standard” for reserves. So why are public schools limited to 4%?
The Governier also cites a 10% decline in public school enrollments to justify the reduction in aid. But as explained in this article, the financial demands on school budgets have increased greatly due to COVID learning losses, increased security concerns, and unfunded mandates from the state which require districts to spend tens of millions of dollars to keep up with standardized testing and advances in technology. These and other stressors far exceed any possible savings from decreased enrollment.
As parents and taxpayers we need to let the state know that funding public education should be a priority and is not the place to find budgetary cuts.
Both the Malverne and West Hempstead budgets passed on May 21. Malverne’s passed with just under 80 percent of voter approval, and West Hempstead’s passed with just over 58 percent …