NEW YORK — New York Gov.
Andrew Cuomo on Tuesday unveiled a $6.6 billion budget that includes $2 billion for the state’s public schools, nearly doubling funding for the district system.
The state’s budget also includes a $1 billion infusion of capital for the public education system and $2.5 billion for charter schools.
The budget includes a tax hike of 3.75 percent for people making more than $150,000 and an increase of 4.9 percent for the top income tax bracket.
The $6 million in state funding will be split among four districts: the State Capital District, the Bronx-Staten Island and the Nassau County schools system.
The state also will increase the maximum income tax rate for middle-income earners from 4.8 percent to 6.9%.
The new money will come from a $2-billion budget increase, which Cuomo said will allow for the creation of about 600,000 new jobs.
Cuomo said the state will use that money to build more schools and help fund more charter schools and public transit.
Cuomo announced the budget with Cuomo, Assembly Speaker Sheldon Silver, D-Queens, and Assembly Speaker Joe Aresimowicz, D – Queens.
“Today, New Yorkers are facing a tough choice: They can choose between the schools that we have and a system that does not deliver on our core responsibilities as a state,” Cuomo said in a statement.
“The people of New York deserve a system in which we can all raise standards and deliver outcomes for all New Yorkers, and they deserve a state that does so in the best interest of our citizens.”
New York State Public Schools Superintendent John DeStefano said the budget will provide critical funding for teachers, paraprofessionals, administrators, support staff and other staff.
He said the funding will help teachers create a “high-performing school” that is also “responsive to the needs of our students.”
“Our students are in a tough place right now,” DeSteffano said in the statement.
“”Our district will be able to invest in our students and provide them with a strong and competitive education, as well as build the infrastructure that they need to succeed and succeed as well.
“The state budget will take effect on July 1, 2018.
As of July 1 of this year, New York’s public school funding totaled $19.8 billion.