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Q&A
Discussion on foundation aid and potential $347 million loss for NYC schools
3:28:36
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Council Member Rita Joseph inquires about the potential $347 million loss in foundation aid for New York City schools due to a new formula. OMB Director Jacques Jiha explains their advocacy efforts in Albany to address this issue.
- OMB is in conversations with various stakeholders in Albany to mitigate the potential loss
- The administration has proposed alternative solutions, but the outcome is uncertain
- OMB maintains a conservative budget approach, assuming flat funding to minimize direct impacts
Rita Joseph
3:28:36
First first question I have is around foundation aid.
3:28:39
We know there's a new formula, there was a study done, and we saw that New York City, with the new formula in place, will stand to lose $347,000,000 less coming to New York City.
3:28:50
So, what is OMB's potential change does OMB see favorable to New York City public schools and how is OMB collaborating with DOE advocating at the state level for improvement to the foundation aid?
3:29:02
I myself also testified before this committee as well.
Jacques Jiha
3:29:06
We welcome your advocacy in Albany.
3:29:11
We've been pushing, we've been discussing with every single stakeholder in Albany to make sure that they understand that the city would be losing $347,000,000 under the new formula than under the old one.
3:29:27
Okay?
3:29:28
So we're in conversation with the governor's folks, the assembly, the senate, and again, as I said, more people are talking to Albany, the better off we are.
3:29:45
I don't know at the end of the day if we could influence the formula, but I know we've been talking to them and we proposed certain changes to them, and we're hoping that they could take those changes into account and hopefully that would yield, you know, they would take them into account and as a result we'll get some additional resources.
3:30:08
But again, I don't know for sure, but we've been in conversation with them and come up with different alternatives so that they could explore.
3:30:16
But again, we don't know if they're going to follow-up and take into consideration the alternative that we present them.
Rita Joseph
3:30:27
In addition to the foundation aid, has OMB made and the administration made any push to increase state funding?