Chancellor on savings plan and state budget impacts
Samuels describes the nearly $1 billion FY27 savings strategy including cost containment for class size and due process cases, and discusses state budget impacts including foundation aid increases and class size timeline extension.
While we are extremely grateful for these tremendous investments, I am proud to say that this budget does not only invest, it also saves.
In line with the Mayor's Executive Order 12, the FY27 Executive Budget advances a
comprehensive savings strategy that streamlines work efforts, strengthens fiscal discipline, and better aligns resources with students'needs.
Together generating significant savings of nearly $1 billion in FY27.
Today, I'd also like to speak to budgetary and legislative decisions from the state that impact NYCPS on foundation aid.
We deeply appreciate the increase in L weights and new weight for students in temporary housing and foster care.
We will continue to advocate and partner with the state for further changes to the formula, including a regional cost index increase and an increased weight for students with disabilities.