Fiscal Cliff Would Lead to Major Cuts for N.Y. Schools

Wednesday, December 12, 2012

New York schools would lose $164 million in federal funding for the 2013-14 school year if Congress does not find compromise on the nation’s looming “fiscal cliff,” according to a state School Boards Association analysis.

Lawmakers in Washington, D.C., much reach a deal by the end of the year to avoid higher taxes and federal funding cuts.

“The consequences of lawmakers not reaching agreement on the fiscal cliff are severe for students in New York schools, especially those in city school districts,” Executive Director Timothy Kremer said in a statement.

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