NYC has been excluded from more than $2.5 billion in state aid to make up for the cost of charter schools!
Since this post was written, the Education Law Center has released a similar analysis .
According to an estimate from the Independent Budget Office, NYC schools have lost more than $2 billion in state aid between 2012 and 2020, because they are the only district in the state that is exempted from receiving state transitional aid, meant to reimburse districts from some of the costs they suffer due to charter school expansion. See p. 42 of this State Aid handbook:
Section §3602 (41) specifically precludes New York City from receiving this aid.
AQE has estimated that the city lost out on about $258 million this year alone, because of the provision in the law that excludes the city from this revenue stream.
And yet NYC has by far the most charter schools in the state, which is costing the DOE more than $2.6 billion per year.
Please send a message now to the State Legislature, urging them to change the language in the law which unfairly excludes NYC from charter transition aid, by clicking here.
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