Biggest education investment in state history bolsters all districts – but some more than others | The Daily Gazette
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A $1.4 billion down payment on fully funding the state’s core education funding formula by the 2023-2024 school year will boost state aid to many suburban and urban districts by 10 percent or more, while mostly rural districts will see increases of around 3 percent.
State lawmakers in the state budget passed Tuesday night committed to fully fund state foundation aid over the next three years – a state formula used to determine district funding amounts by accounting for poverty levels, students with special learning needs, regional costs difference and other factors. The commitment was hailed as a major achievement for education advocates and will result in tens of millions of dollars flowing into Schenectady, Amsterdam and other districts across the region over the coming years.
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