New York's Poorest Schools Get Boost From Budget, Moody's Says

Tuesday, April 3, 2012

New York's poorest schools will get a boost from the $132.6 billion state budget passed last week as education aid grows by 4 percent and districts work to stay below the 2 percent tax cap, Moody’s Investors Service said.

The state deems about one-third of its 676 school districts to be “high-need,” including the five biggest cities -- New York, Buffalo, Rochester, Syracuse and Yonkers-- Moody’s said in a report today.

Those systems will collectively receive almost half of the $805 million increase in school aid provided for in the fiscal 2013 budget, Moody’s said.

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