On Friday, April 1, New York lawmakers approved a 2016-17 state budget that includes an overall $1.5 billion – or 6.5 percent – increase in education funding. The state budget ends the Gap Elimination Adjustment, which has diverted billions of dollars from schools during the last seven years.
The Legislature’s vote on the budget came on the first day of the state’s new fiscal year. The finalized spending plan provides school districts with information about state aid revenue that is critical as they develop school budgets for the 2016-17 school year.
The bulk of the state aid increase will be split in three ways: a $627 million increase in Foundation Aid, $434 million to end the GEA and $341 million to reimburse schools for costs such as transportation, construction and BOCES services.
The budget also includes targeted funding for community school efforts in designated districts, an expansion of the statewide prekindergarten initiative for 3-year-olds and an increase in financial support for charter schools.