Tag: Schools

New York State needs to spend $7 billion more to finance a “sound, basic education” for all pupils, according to the group that successfully sued to overturn the state’s education finance system. What kind of tax hike would it take to pay for such a draconian solution? This memo explores the range of possible answers to that question. Read More

Pension bills for New York's local governments and school districts will rise by a combined total of at least $359 million as a result of the rate increase by the state comptroller this week, based on the latest available salary data from the state Read More

Governors often veto legislation on narrow technical grounds, effectively leaving the door ajar for sponsors of bad bills to try again with a somewhat different approach. But that's not the case with Gov. Andrew Cuomo's just-released Veto Message 23 Read More

The governor has rejected that would undermine the intent of New York's newly enacted property tax cap by allowing school districts to issue 15-year bonds to cover a portion of their rising teacher pension costs. The Executive Chamber's news rele Read More

A property tax cap hasn't even passed both houses yet (as of late Thursday), and already the state Senate has slipped through a bill that would allow school districts to circumvent it.  The measure immediately was referred to the Assembly Ways & Read More

This quotes Assembly Speaker Sheldon Silver as saying the agreed-upon property tax cap will expire in five years.  If that's true, the cap is not worth the paper it's written on--since, as explained and , one house of the Legislature will be able Read More