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2021-2022 New York State Budget Breakdown

Historic Investments In New York’s Education Systems
The State Budget takes transformational steps to increase state and federal resources to ensure that all of New York’s students receive the high quality education they deserve and that all teachers are adequately supported. The 2021-2022 State Budget:
Provides a $1.4 billion increase in Foundation Aid and a three-year Foundation Aid phase-in that will finally fulfill a promise made in 2007 to fully fund our public schools
Provides a $105 million expansion of full-day prekindergarten, providing pre-K funding to 210 districts who don’t currently receive state-funded full-day Pre-K.
Ensures that additional Federal Aid will supplement, and not supplant State funding. ....

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New York State Budget Finally Approved By Governor, State Legislature

Governor Andrew Cuomo and the Legislature approved a $212 billion state budget this week, an immense spending plan bolstered by new state tax increases on the wealthy and massive federal aid, with major investments in education, infrastructure, the green economy, rent relief, benefits for undocumented immigrants, child care, and more. The budget includes direct and indirect support for New York City, aimed at reviving its economy and aiding its residents as the city begins to claw its way out of the throes of the coronavirus pandemic.
From rent relief to support for small businesses and tax credits for property owners and tourism, the state budget contains a great deal of aid for New York City and its residents, as well as a number of policy initiatives that impact the city. The state budget adoption now sets the stage for the city to move ahead with its annual budget process, with an updated spending plan for next fiscal year due from Mayor Bill de Blasio later this month, an ....

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