So much for the school aid cap?

So much for the school aid cap?So much for the school aid cap?

E.J. McMahon

When Gov. Cuomo won passage of what he described as a “historic” and “transformational” budget early in his tenure, one of the key details he touted was the enactment of a permanent state law capping annual increases in school aid to the rate of growth in personal income.

“This action will help reduce the state’s large out-year gap between spending and revenues,” the governor’s March 2011 press release explained.
Now, after agreeing to boost state school aid above the cap in this year’s budget, the governor is all but promising to do the same in 2014-15.

From today’s Capital New York report:Cuomo said at a cabinet meeting last Monday that while he is planning for tax cuts, priority areas like education “will go up close to five percent” in next fiscal year’s budget, “like they did” for the current fiscal year.Under a cap he enacted in 2011, spending should only grow 3.4 percent.Measured on a school-year basis, the difference between a 3.4 percent and 5 percent is $340 million.

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