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New York News
Thu March 29, 2012
NY Schools, Taxpayers Wary of Tax Cap Budget Hits
The proposed New York state budget being voted on in Albany is a major factor for public school officials and taxpayers headed into a dicey two months preparing and voting on budgets. WAMC's Dave Lucas has more…
Governor Andrew Cuomo and Senate and Assembly majorities agreed on a 4 percent increase in school funding, an $805 million boost in aid that now totals about $21 billion a year. They’ve also agreed on a law that ties expenses to the inflation rate, driving similar annual increases in future years.
While some school aid advocates say they're grateful, they also warn school finances are still headed in the wrong direction after recent cuts. They say the spring voting on local school budgets will show that.
The budgets go to voters in May.
Dave Lucas, WAMC News.
Copyright 2012 The Associated Press. All Rights Reserved.