Education leaders call on Hochul to reform Foundation Aid formula |
Education leaders in New York are urging Gov. Kathy Hochul to overhaul the state’s outdated Foundation Aid formula in her upcoming budget proposal. The formula, created in 2007, provides billions in school funding but hasn’t been fully updated to reflect rising costs, modern educational needs, or the state's 2% property tax cap. A growing number of school districts, currently over 56% statewide according to the Association of School Business Officials of New York, now rely on the "save harmless" policy, which prevents funding cuts, raising concerns about the formula’s sustainability. Advocates want changes to how poverty, regional costs, and inflation are calculated, along with more support for high-need student populations. If changes aren’t made to the formula, "it will not keep pace with actual costs, and in the long run, eventually everybody will potentially be on ‘save harmless,’ ” said Brian Cechnicki, executive director of ASBO New York. However, political challenges and the complexity of the system may stall major reforms during an election year.