Posts tagged "better late than never"
better late than never
January 28, 2009
Halfway through the year, state approves DOE’s spending plan
Testifying in front of the State Senate today, Chancellor Joel Klein mentioned that the Department of Education and the state had reached an agreement, finally, on how the city will spend $387.5 million in restricted funds.
The money is part of the Campaign for Fiscal Equity settlement, which promised annual funding increases to needy school districts. To get the funds, districts must develop a plan, called a Contract for Excellence, that shows that they will spend the money on certain kinds of programs and to help the neediest students.
The state and the city have wrangled in the past over how much flexibility the city should have over allocating the funds. The agreement, quietly released yesterday, signals that the state has approved the city’s Contract for Excellence for this year and will disburse the funds.
The breakdown of spending in the DOE’s final plan (shown by program type above) is similar to what the department originally proposed back in July. (more…)
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