How many billions of dollars more in state spending will it take to satisfy the constitutional mandate of a "sound basic education" for all public school students in New York? With yesterday's report by Gov. Pataki's Commission on Education Reform (chaired by financier Frank Zarb), we now have at least three sets of answers to that question:
Edward J. McMahon (senior fellow, Manhattan Institute). Manhattan Institute for Policy Research. 03/2004.
In a February 2004 report, CFE initially estimated that school districts in New York would need to spend an additional $7 billion, in 2004-05 fiscal terms, to ensure an adequate education for all pupils.
Edward J. McMahon (Senior fellow for Tax and Budgetary Studies, at the Center for Civic Innovation at the Manhattan Institute). Manhattan Institute for Policy Research. 02/2004. p. 4.
The article discusses the fiscal implications for potential court decision on CFE case, especially for Personal Income Taxes, Sales and Use Taxes, and Business Taxes. It also addresses how the costs will be shared by state and city government.
The New York State Board of Regents this month celebrated the season of giving by calling on Gov. Pataki and the Legislature to giftwrap another $1.45 billion in state aid to public schools next year -- an 11 percent hike on top of this year's record $1.16 billion increase, which brought total school aid to $13.6 billion.