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For the school year 2016–17, the Department of Education’s proposed total budget is $29.6 billion, including $6.5 billion to pay pensions and interest on Capital Plan debt.
The Department’s proposed $23.1 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 funds pre-school special education services provided at non-DOE “contract” schools ($854 million); School-Age special education services provided at non-DOE "contract" schools ($642 million); non-public schools, such as yeshivas and parochial schools ($65 million); and $1.7 billion for charter schools.
The DOE also has a Five-Year (2015-2019) Capital Plan Budget that includes $14.9 billion to cover costs associated with building new schools, renovating existing buildings, and investing in other new assets within school buildings.
How Are School Budgets Funded?
Schools are funded via School Allocation Memorandums (SAMs). Detailed information on each funding stream’s purpose, allocation methodology and spending restrictions can be found online on the DOE’s website in the School Allocation Memorandum section. Below is a listing of major categories of school allocations.
Fair Student Funding:Fair Student Funding (FSF) dollars – approximately $5.8 billion in the 2016-17 school year – are used by schools to cover basic instructional needs and are allocated to each school based on the grade level and academic needs 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 visit this link. Schools in District 75 and programs in District 79 are not funded via Fair Student Funding due to their highly differentiated instructional models.