Last night the state aid allocations for school districts were released just in time for the State Senate to vote on the budget. The final agreement allocates $20.8 billion, approximately $7,700 per student, in formula-based school aid for school year 2014. This represents an increase of $937 million, or 4.7%, over school year 2013.
New York is on track to pass an on-time budget that appears to limit state-funded spending to 2% growth for the 3rd consecutive year. That is good news for New Yorkers.
However, while the details are still emerging, one proposal is particularly disappointing.
Competitive grants are an important element in Governor Andrew Cuomo’s approach to state aid for education. The new approach began on a small scale last year, and a review of the experience in the first year suggests the proposed expansion may be premature.
The CBC presented its 2013 Corporate Leadership Award at its Annual Dinner last night to JetBlue Airways. The Award, presented annually, recognizes visionary companies whose actions help secure the economic future of New York.
The CBC today announced co-winners of its 2013 CBC Prize for Public Service Innovation – both environmental initiatives of the City of New York, created by the Mayor’s Office of Long-Term Planning and Sustainability.
I am writing to share the views of the Citizens Budget Commission on Governor Andrew Cuomo’s proposal to allow local governments to opt into a “fixed rate” contribution plan to fund their public employee pension obligations. We believe this proposal would endanger the future financial viability of the pension plans and recommend you reject it.
On February 13th, lawmakers in the New York State Assembly had a busy day: they introduced eight bills enhancing the pension benefits of public employees and retirees. These bills would add at least $1.35 billion in costs to State and local employers.