New York regents seek $2B increase in school aid

New York regents seek $2B increase in school aid
Posted at 3:02 PM, Dec 15, 2014

The New York state Board of Regents is recommending a $2 billion increase in state school aid in the 2015-16 budget.

The board, which sets education policy, says the recommendation approved Monday would drive more money to districts with the greatest needs and advance priorities like early childhood learning.

In all, the Regents recommend the state spend $24.4 billion on education in the next fiscal year.

About $600 million would go to restore Gap Elimination Adjustment funding. That's money that the state has diverted from schools to help close budget deficits.

The Regents also want some of the $4.8 billion that New York state is expecting from various legal settlements to be earmarked for education.

Gov. Andrew Cuomo will release his budget proposal in January.