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Joint Legislative Budget Hearing on Education

p12-budget-testimony-2-14-17

Regents State Aid

Regents State Aid Proposal: State Aid to Schools Regents 2017-18 Proposal on State Aid to Schools Recommends a $2.1 billion total increase in school aid for the 2017-18 school year to support our schools. • Provides $1.8 billion in formula aids to school districts providing a significant increase of Foundation Aid. • Provides for a 3-year phase-in of the remaining formula. • Provides $290 million in critical investments • Expand and consolidate universal prekindergarten - $100 million • Support opportunities for English language learners - $100 million • Increase support for college and career pathways - $60 million • Create a fund for professional development for teachers and principals - $30 million 2

Regents State Aid Proposal: Increases in State Aid to Schools $, millions $2,500 $2,000 $1,500 $1.3B $1.6B Total Increase $220M* $2.1B Total Increase $290M $335M $1,000 $500 $343M $434M $961M Total Increase $200M $333M $433M $1.4B $401M $627M $428M $0 2016-17 Enacted 2017-18 Executive Proposal 2017-18 Regents Proposal Foundation GEA Expense-Based Aids Investments *Includes $175M for community schools, $18M for My Brother’s Keeper, $22M for 3-year old pre-kindergarten, $3M for Early College High Schools, $1M for career and technical education, $1M increase for bilingual education, 3

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