New York City schools could lose out on $131 million under proposed changes to the state’s school funding formula, officials said Thursday at a budget hearing in Albany.
Because of a change Gov. Kathy Hochul included in her proposed budget last month, the city could see less money than anticipated. Schools Chancellor David Banks expressed concerns at the hearing.....
During the hearing, state Sen. Jabari Brisport, of Brooklyn, floated the idea of raising taxes on the wealthy in order to increase funding for the state’s schools — something Hochul previously told reporters she would not consider.
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