2016-2017
1PSJ98W
1PSJ98W
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EDUCATION<br />
resulting disadvantages on their own. State aid must be targeted to schools that serve low-income<br />
students, and the academic, social, and health needs of students and engage the local community<br />
are needed.<br />
Budget Fails to Meet Promise of Campaign for Fiscal Equity Settlement<br />
Schools that serve low-income students need additional resources to help their students catch up.<br />
The legislative response to the Campaign for Fiscal Equity (CFE) lawsuit was designed to address<br />
this need. The state’s contribution to funding local costs was carefully crafted and targeted to be<br />
sufficient to provide a sound basic education to all students.<br />
Fig 15. School Aid Funding Falls Far Short of Promise of Campaign for Fiscal Equity<br />
Settlement<br />
Source: FPI Calculation, Financial Plan.<br />
School aid was to be distributed to districts based on the relative wealth of the district and the<br />
number of students with high needs. However, years of austerity budgets have undermined the<br />
promise of the CFE settlement legislation; school districts are far behind where they were<br />
supposed to be by FY <strong>2017</strong>. Total Foundation Aid is currently some $4.8 billion below where it<br />
would have been if aid had been fully implemented at levels specified after the enactment of the<br />
CFE settlement legislation. The increase in Foundation Aid and the GEA decrease ($266 million<br />
plus $189 million for a total of $455 million) are the only part of this funding that go toward<br />
meeting the much-larger $4.8 billion CFE shortfall.<br />
New York State Economic and Fiscal Outlook <strong>2016</strong>-<strong>2017</strong> | 35