Long Island schools will see an increase of over $270 million in state aid for the next year, marking a 5.4% rise compared to last year. The state's new budget allocates a total of $37 billion for school funding statewide, along with free meals for all students and a classroom smartphone ban. However, despite this increase, residents will not benefit from lower property taxes, which remain among the highest in the country, since the budget was passed late, affecting district budget proposals.
This represents one of the largest statewide school aid increases since the Foundation Aid formula was established in 2007, referring to the state's commitment to equitably distribute funds.
Nassau schools will be divvying up an extra $123 million, a 6% jump for the county, bringing total state funds to nearly $2.15 billion for next year.
While most increases are relatively small, districts like Elmont and Deer Park will see 13% jumps, highlighting specific areas of significant financial growth.
Long Island homeowners will not see a decrease in their property taxes this year despite the increased school funding, which ranks among the highest in the nation.
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