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Q&A
Impact of potential foundation aid reduction on NYC public schools
3:31:04
ยท
36 sec
Council Member Rita Joseph inquires about the potential impact of a $347 million reduction in foundation aid on New York City public schools. OMB Director Jacques Jiha explains the administration's approach to mitigate the impact.
- OMB uses a conservative budgeting approach, assuming flat funding
- This approach helps avoid immediate cuts due to overestimated growth
- However, a reduction in foundation aid would still result in less money going to schools
Rita Joseph
3:31:04
What impact would that have?
3:31:06
Let's say the foundation aid go as is less, $347,000,000 less in New York City budget, what does that look like for us here down here in New York City Public Schools?
Jacques Jiha
3:31:14
The fortunate thing is for us is as we do our budget, we're always conservative, we always assume a flat.
3:31:22
Okay, we're not assuming any growth.
3:31:24
So therefore, we're not gonna be, you know, impacted directly in a sense of we have to cut things because we assume certain growth rate that we didn't get.
3:31:34
But, it means that less money is gonna go to the schools, you know.
Rita Joseph
3:31:38
And, that's not a good thing.
3:31:39
So, Carter cases.