Making Sense of New York's School Finance System
School finance can be a confusing and complicated topic. That's why the school finance experts at NYSASBO created the School Finance Matters video series. Each three-minute video takes on an aspect of school finance, helping you become informed on the issues.
Chapter 1: State Aid
In the first episode of School Finance Matters, the school finance experts at NYSASBO go over the purposes of State Aid and key facts about the different funding sources and aid streams supporting school districts.
Foundation Aid accounts for the majority of state spending on education. In this week’s School Finance Matters, NYSASBO’s experts provide an overview of the Foundation Aid formula and its role in providing a sound, basic education for all children.
Chapter 3: Universal Pre-K
There is universal agreement that Pre-Kindergarten has lasting benefits for children. But the Universal Pre-K program is still not universally available to all 3 and 4 year old children. There are 7 different funding streams in State Aid that support Pre K education in our schools, including one named Universal PreK. Why is it this complicated?
In this episode of School Finance Matters, NYSASBO's school finance experts explore how pre-kindergarten education is currently funded and proposals for change.
Chapter 4: Building Aid
Public school buildings are often the centerpieces of our communities. They embody pride and commitment and reflect a local investment in the future. In this episode of School Finance Matters, NYSASBO's school finance experts explore how State Building Aid helps pay for our school buildings and facilities.
Chapter 5: Transportation Aid
A massive fleet of 50,000 yellow school buses hits the road every day in New York. They safely pick up, carry and deliver 2.3 million children to public and nonpublic schools alike. Transportation is the third largest state aid program. In this episode of School Finance Matters, NYSASBO's school finance experts explain how the State distributes $1.8 billion to support schools efforts to transport students.
Many school services are too costly or specialized for a single district to provide all on its own. In this episode of School Finance Matters, NYSASBO's School Finance experts explain how the costs of these special services are supported through State Aid and local revenues.
Chapter 7: Child Nutrition
All schools provide meal programs and, in many cases, nutritious school food programs support local agriculture. In this episode School Finance Matters, NYSASBO's school finance experts explore how the cost of child nutrition programs is shared among federal, state and local funding sources.
Chapter 8: Opportunity
The State share of school funding is distributed with balanced attention to students having a greater need for services in order to succeed. In this episode of School Finance Matters, NYSASBO's school finance experts explore what steps New York State takes to ensure every student has access to high quality education.
Chapter 9: Mandate Relief
New York now spends $65 billion a year on education. In this episode of School Finance Matters, NYSASBO's school finance experts explore how its members are maximizing their resources.