Abstract

In June 2003 New York State Court of Appeals altered education-finance landscape with its ruling in Campaign for Fiscal Equity v. New York. This ruling called for [r]eforms to current system of financing school designed to ensure every school in New York City would have resources necessary for providing opportunity for a basic education. This ruling addressed a wide range of issues, but also declared that the funding level necessary to provide City students with opportunity for a basic is an ascertainable starting point. This policy brief addresses question: How can this funding level be determined? Any calculation of cost of a sound basic education must begin with a definition of this term, that is, with a decision about educational standard every district is supposed to reach. This is a decision to be made by lawmakers, with input from Court of Appeals. We begin with an overview of issues that arise in making this decision, and then turn to main concern of this policy brief, namely, how to calculate cost of a basic once it has been defined by lawmakers.

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