Your guide to NYC's public proceedings.
AGENCY TESTIMONY
State budget complications and education funding
0:13:57
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100 sec
Sherman explains how the absence of a final state budget further complicates the city's fiscal situation, with particular emphasis on risks to public education funding and other state-funded programs.
- State funding accounts for 17% of the city's FY2025 budget
- Public education is at particular risk, with 41% of DOE's budget funded by the state
- Questions raised about assumptions for FY2026 state funding and plans for hiring new teachers
Jackie Sherman
0:13:57
The absence of a final state budget further complicates the picture.
0:14:02
Reductions in federal aid for New York City layer additional risks on the city.
0:14:08
The state funded 17% of the city's fiscal year twenty twenty five budget, and federal funding totaled 38% of the state's budget last year.
0:14:19
Public education appears to be at particular risk, with 41% of DOE's budget funded by the state, including federal dollars that flow through the state.
0:14:30
Furthermore, close to $3,000,000,000 in state requests by OMB for asylum seeker aid and child care assistance remains up in the air.
0:14:40
With this in mind, some important questions include, what assumptions is the city currently making about fiscal year twenty twenty six funding from the state in the absence of an enacted state budget?
0:14:54
Given announced cuts and plans to close the Department of Education, how does the administration, that's the federal Department of Education, how does the administration plan to fund the 3,700 new teachers it just announced would be hired in fiscal year twenty twenty six to meet the state's class size mandate.
0:15:16
Governor Hochul recently indicated the federal Department of Homeland Security has revoked hundreds of millions of dollars in infrastructure resiliency programs, including millions of dollars that flow to the city.
0:15:30
How will the city address critical capital budget priorities to prevent and respond to future natural disasters?