New York City Mayor Eric Adams today released the following statement regarding education funding allocated in the Fiscal Year 2023 budget reached last week with the City Council:
“I am proud of the early budget reached with the New York City Council last week, in which we committed to fully funding our schools. But that’s only the beginning — this summer we will provide record funding for summer youth employment, which will provide over 100,000 summer jobs for our young people, in addition to summer academic and enrichment programming for 200,000 of our scholars.
“The bottom line is that while the pandemic wreaked havoc on our budget, we never doubted our responsibility to prioritize our schools, and therefore, our future generations. Finally, we are always adapting to student and community needs, and my administration is dedicated to increasing funding this fall if student enrollment rebounds.
“I’m committed to working with Speaker Adams, the City Council, and all my colleagues in government to finalize this budget as we continue to ‘Get Stuff Done’ for all New Yorkers.”
EDITOR'SNOTE:
Public School budgets are determined by student enrollment. Principals give a projected enrollment based on the prior years enrollment, minus the graduating class, but adding the projected first grade level class.
On October 31, the school enrollment figures are compared to the projected enrollment figures, and if more students are enrolled than projected the school's budget is revised up. If less students are enrolled than projected then the school's budget is revised down.
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