IBO simulates financial strain of Fair Student Funding recommendations

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A New York City Department of Education (DOE) working group charged with reviewing the city’s Fair Student Funding Formula – one of the ways the city funds its schools based on individual student need — released their recommendations for how to best provide for NYC students for the next fiscal year.

Following the release of those recommendations on Nov. 4, the city’s Independent Budget Office (IBO) simulated the financial implications of the task force’s top five recommendations — indicating that those changes will likely require up to $1.3 billion in new funding. 

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