Education Funding Report Roundup

School Finance

By David J. Hoff — April 26, 2005 1 min read
  • Save to favorites
  • Print

“Achieving Adequacy: Tax Options for New York,” is a report released by the Institute on Taxation and Economic Policy.

New York state’s tax system isn’t up to the task of raising the money needed to comply with a judge’s order to increase education spending in New York City, according to a new report from the Institute on Taxation and Economic Policy.

To pay for increasing the city’s school budget, the report from the Washington-based nonprofit research group says, the state would need to close loopholes on its income and corporate taxes, as well as subject a wider array of goods and services to sales taxes. A judge has ordered the state to provide an additional $5.4 billion a year to the city schools. That represents a 44 percent increase over current spending. The state plans to appeal the order.

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Equity & Diversity Webinar
Critical Ways Leaders Can Build a Culture of Belonging and Achievement
Explore innovative practices for using technology to build an environment of belonging and achievement for all staff and students.
Content provided by DreamBox Learning
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Professional Development Webinar
Strategies for Improving Student Outcomes with Teacher-Student Relationships
Explore strategies for strengthening teacher-student relationships and hear how districts are putting these methods into practice to support positive student outcomes.
Content provided by Panorama Education
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Classroom Technology Webinar
Transform Teaching and Learning with AI
Increase productivity and support innovative teaching with AI in the classroom.
Content provided by Promethean

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Funding In Their Own Words This Superintendent's Tiny, Rural District Got No COVID Aid. Here's Why That Hurts
The aid formula left Long Lake, N.Y., out of the mix. The superintendent worries that could happen for other kinds of aid in the future.
3 min read
Long Lake Superintendent Noelle Short in front of Long Lake Central School in Long Lake, N.Y., on Sept. 1, 2022.
Noelle Short is the superintendent of a single-school district in upstate New York with fewer than 100 students.
Heather Ainsworth for Education Week
Education Funding Grants Aim to Support Alaska Native Students' Education, Well-Being
The U.S. Department of Education is providing more than $35 million for projects in its latest round of funding.
2 min read
The East Anchorage High and Scammon Bay students gather at a home in the Native Village to learn how to comb fur from a musk ox hide using special combs and common forks. The fur can later be spun into yarn.
Students from East Anchorage High School and Scammon Bay, Alaska, gather to learn how to comb fur from a musk ox hide through a federally funded cultural and educational program for Alaska Native students.
Erin Irwin/Education Week
Education Funding District Leaders Plea to Feds: We Need More Time to Spend COVID Aid
Without more flexibility on the 2024 spending deadline, critical programs will be axed, they warn.
5 min read
Image of money and a timer.
iStock/Getty
Education Funding Biden Administration Outlines How School Districts Should Spend COVID Aid
White House back-to-school checklist encourages school districts to involve parents in spending decisions.
5 min read
Angela Pike watches her fourth grade students at Lakewood Elementary School in Cecilia, Ky., as they use their laptops to participate in an emotional check-in at the start of the school day, Thursday, Aug. 11, 2022. The rural Kentucky school is one of thousands across the country using the technology to screen students' state of mind and alert teachers to anyone struggling.
Angela Pike watches her 4th-grade students at Lakewood Elementary School in Cecilia, Ky., as they use their laptops on Aug. 11 to participate in an emotional check-in at the start of the school day. The Biden administration recommended that schools use COVID-19 relief funds to support student mental health.
Timothy D. Easley/AP