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Enacted Budget Highlights

The 2007-08 Education Budget marked a historic investment with a $1.8 billion increase in funding, primarily through a new Foundation Aid Formula. This initiative ensured every district received at least a 3% increase, with substantial increases targeted towards high-needs districts, which received 72% of the new funding. The budget emphasized greater transparency and accountability, requiring districts to develop contracts detailing fund allocation to enhance student outcomes. Key initiatives included raising learning standards, improving accountability systems, and expanding teacher preparation programs.

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Enacted Budget Highlights

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  1. Enacted Budget Highlights Budget Hearing October 24, 2007

  2. The Education Budget The 2007-08 Education Budget provided an unprecedented increase of $1.8 billion of new funds. • New Foundation Aid Formula modeled after the Foundation Aid Proposal of the Board of Regents • Insured that all districts received a minimum increase of 3% • Targeted significant foundation aid increases to high needs districts

  3. The Education Budget Foundation Aid Increases: • Enacted Budget: 72% or $1 billion went to high needs districts • Four Year Projected Increase of 44% or $5.5 billion Per Pupil Foundation Aid Growth: 2006-07 2010-11 $5,651 $8,276 High Need $3,815 $5,287 Average Need $1,662 $2,299 Low Need

  4. Greater Transparency 56 Contract for Excellence districts • 10% or greater state aid increases • Districts or schools cited under NCLB or State accountability regulations Develop contracts: “Know Where the Money Goes” • Foundation Aid Increase of $709 million • NYC Foundation Aid Increase of $470 million or 9%

  5. Greater Accountability Article VII Initiatives: • Raising Learning Standards • Enhanced Accountability System (Growth Measures) • New Process for Schools Under Registration Review • Distinguished Educator Program • District Improvement Plans • Contracts for Excellence - Transparency in spending - Implementation of proven practices and programs - District and school performance targets

  6. Greater Accountability • Student Progress Reports • Leadership Report Card • Excelsior Scholars Program • P-16 Data System • Evaluate Teacher Preparation Programs • Expand Alternative Teacher Prep Programs • Teacher Tenure Determinations

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