Enacted Budget Highlights

Budget Hearing

October 24, 2007

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The 2007-08 Education Budget provided an unprecedented increase of $1.8 billion of new funds.

• New Foundation Aid Formula modeled after the Foundation Aid Proposal of the Board of Regents

• Insured that all districts received a minimum increase of 3%

• Targeted significant foundation aid increases to high needs districts

The Education Budget

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The Education Budget

Foundation Aid Increases:

• Enacted Budget: 72% or $1 billion went to high needs districts

• Four Year Projected Increase of 44% or $5.5 billion

Per Pupil Foundation Aid Growth:

2006-07 2010-11$5,651 $8,276 High Need$3,815 $5,287 Average Need$1,662 $2,299 Low Need

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Greater Transparency

56 Contract for Excellence districts• 10% or greater state aid increases• Districts or schools cited under NCLB or State

accountability regulations

Develop contracts: “Know Where the Money Goes”

• Foundation Aid Increase of $709 million

• NYC Foundation Aid Increase of $470 million or 9%

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Greater Accountability

Article VII Initiatives:

• Raising Learning Standards• Enhanced Accountability System (Growth Measures)• New Process for Schools Under Registration Review• Distinguished Educator Program• District Improvement Plans• Contracts for Excellence

- Transparency in spending- Implementation of proven practices and programs- District and school performance targets

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Greater Accountability

• Student Progress Reports• Leadership Report Card• Excelsior Scholars Program• P-16 Data System• Evaluate Teacher Preparation Programs • Expand Alternative Teacher Prep Programs• Teacher Tenure Determinations