This year’s Albany plan would cut back $800 million of state education funds, substituting federal funds from December’s stimulus bill along with another $220 million of other costs. The state’s long-term budget outlook, said Stringer, could leave the city with even larger shortfalls in the future.

“The future is fraught with risks from the economy and the fiscally stressed state budget that may increase budget gaps tremendously,” said Andrew Rein, president of the watchdog Citizens Budget Commission.