IBO simulates financial strain of Fair Student Funding recommendations | amNewYork

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IBO simulates financial strain of Fair Student Funding recommendations | amNewYork
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Following the release of those recommendations, the city's Independent Budget Office simulated the financial implications of the task force's top five recommendations — indicating that those changes will likely require up to $1.3 billion in new funding.

its schools based on individual student need — released their recommendations for how to best provide for NYC students for the next fiscal year.simulated

These recommendations include an increase to the base foundation amount that each school receives, an additional weight for students in temporary housing, a concentration weight that takes into account students with high needs in each school, an added poverty weight for all students experiencing poverty and the elimination of a portfolio weight which was originally needed for specialized academic programs and schools.

IBO estimates that in order to implement these recommendations, around $433 million to $1.3 billion will be needed.

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