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New York’s school funding formula faces overhaul: What will that mean for schools?

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  • Staff Report 

New York’s school funding formula, distributing $24.9 billion in aid, may soon get a major update.

The Rockefeller Institute of Government is studying the “Foundation Aid” formula, which aims to reduce funding inequities among school districts. Public hearings will begin on July 16 in Manhattan, and written comments are accepted until Sept. 6.

Critics say the formula is outdated, using old poverty data and not reflecting current costs. The study will provide options for improvements by Dec. 1, in time for Governor Kathy Hochul’s next budget proposal. For more details, visit the Rockefeller Institute website.