school funding

James F Clay / Flickr

The New York State Educational Conference Board says now that the economy is improving and the state has a multi-billion dollar surplus, it’s time to end years of what they say is underspending on New York’s schools.

The board is made up of the state’s teachers, school boards, superintendents and the PTA, among others. They agree school spending must increase significantly in the new year. Chairman John Yagielski says the groups want an additional $1.9 billion for the 2015-16 school year.

governorandrewcuomo / Flickr

New York state will begin 2015 with the largest one-time windfall budget surplus since the end of World War II, due to settlements with major banks after the financial crisis. Fiscal watchdog groups are warning lawmakers not to go crazy with ideas for how to spend it.

The settlements from Bank of America, PricewaterhouseCoopers and other financial institutions have netted the state $5.1 billion in settlements over alleged misconduct during the 2008 Wall Street meltdown.

Karen Dewitt / WRVO

Education funding advocates, including actress Cynthia Nixon, made a last-minute pitch for extra money for schools in the state budget. Meanwhile, a new poll finds many New Yorkers think the quality of education in the state is deteriorating.

"Sex and the City" star Cynthia Nixon has a child entering college as well as one in kindergarten. She says Gov. Andrew Cuomo’s education policies in New York have increased inequality and led to two separate school systems within public schools, one for the rich and one for the poor.