Hochul announces largest school aid funding in New York history, including 100% state-funded Foundation Aid formula

By Sarah Belle Lin

Posted on February 2, 2023

Schools are big winners in Governor Kathy Hochul’s $227 billion executive budget, which includes a massive infusion in public education and a fully state-funded Foundation Aid formula program to close the learning gap across New York.

The budget, announced on Feb. 1, includes record-breaking investments in school aid, increased mental health support in schools, new programs for students to earn college credits in high school, and more funding to expand full-day, pre-Kindergarten programs.