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For the school year 2014–15, the Department of Education’s total budget is $25.9 billion, including $5.3 billion to pay pensions and interest on Capital Plan debt.
The Department’s $20.6 billion Operating Budget (the total budget less pension and debt service costs) includes funding for principals, teachers, textbooks and supplies. It covers the cost of standardized tests, after-school programs, school buses, heating and cooling for school buildings, safety, and school lunches. It pays for central administration and field support offices, which work with schools to provide support and help improve student achievement. The Operating Budget also pays for non-DOE costs, such as $1.05 billion for pre-school special education services provided at non-DOE “contract” schools; $676.9 million for School-Age special education services provided at non-DOE "contract" schools; another $71.1 million for non-public schools, such as yeshivas and parochial schools; and $1.29 billion for charter schools.
In addition to the budget, the DOE has a Five-Year (2015-2019) Capital Plan Budget that includes $12.8 billion to cover costs associated with building new schools, renovating existing buildings, and investing in other new assets within school buildings.Note: Amounts reflect the Mayor's FY15 Executive Budget released May 22, 2014.
In the 2014–15 school year, approximately $10 billion of the Operating Budget, not including most fringe and pension, resides on school budgets. Below is a listing of major categories of school allocations.
Fair Student Funding:Fair Student Funding (FSF) dollars – approximately $5 billion in the 2014-15 school year – are used by schools to cover basic instructional needs and are allocated to each school based on the number and need-level of students enrolled at that school. All money allocated through FSF can be used at the principals’ discretion.For information about a particular school’s Fair Student Funding allocation,please see http://schools.nyc.gov/AboutUs/funding/schoolbudgets/default.htm.Note: Schools in District 75 and programs in District 79 are not funded via Fair Student Funding due to their highly differentiated instructional models.
Detailed information on each funding stream’s purpose, allocation methodology and spending restrictions can be found online on the Division of Financial Planning & Management’s website in the School Allocation Memorandum (SAM) section.