Governor Kathy Hochul’s proposal would keep the Foundation Aid school funding formula unchanged and includes a 1 percent minimum bump over last year for all school districts, bringing her total to $27.1 billion. The Senate and Assembly both want to amend the formula to increase funding for students experiencing homelessness, those in foster care, and English language learners. They also proposed a minimum 2 percent funding boost for districts.
The Senate’s plan would cost $285.3 million more than Hochul’s, while the Assembly’s would add $630.6 million.
SUNY FUNDING: Hochul proposed allocating $14.7 billion to the State University of New York system, roughly $1 billion less than last year. The Assembly would increase that amount by nearly $11 billion — largely for capital projects. The Senate called for a smaller funding boost, adding $1.8 billion to the executive budget.
CUNY FUNDING: Lawmakers proposed boosting funding for the City University of New York system, mostly for capital projects. Hochul’s budget includes $6.4 billion for the system, about $211 million more than last year. The Senate would add another $1.9 billion, while the Assembly proposed $8.7 billion more than the governor.
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