Since 2008, the DOE has shortchanged schools when it has come to funding. According to the City budget for 2019, only the now discontinued Renewal Schools received 100% of their Fair Student Funding (FSF). In fact, most schools received far less with a minimum of 87%, To fully fund NYC public schools under FSF, it would cost an additional 750 million dollars.
The FSF is broken down as follows:
Fair Student Funding Fair Student Funding (FSF) is $6.1 billion this school year and is used by schools to cover basic instructional needs. FSF funding usually comprises between 60 to 70 percent of an individual school’s budget and Principals may spend it at their discretion, with the ability and flexibility to decide how much to spend on teachers and other instructional needs.
The FSF formula allocates funding to schools through five categories:
1.Foundation, which is a fixed amount of $225,000 for each school and may be used at the principal’s discretion for administrative staff, teachers, or other services the principal would like to provide.
2.Grade weights, based on student grade levels;
3.Needs weights, based on students’ needs;
4.Enhanced weights for portfolio high schools, which include CTE and transfer schools; and
5.Collective Bargaining,related to increases for staff funded with FSF
While Mayor Bill dr Blasio committed to fully fund the public schools and lower class sizes, he has failed to achieve either one despite a $4 billion dollar City surplus.
Obviously, the Mayor and his Chancellor rather use the money for other needs then to help the students by reducing class sizes, hire more teachers, and fully fund the schools.