REPORT: IBO’s analysis of the Mayor’s Executive Budget for 2015 includes our latest economic forecast and tax revenue projections for the city as well as estimates of spending under the Mayor’s plan. We incorporate the revised financial plan, issued just yesterday afternoon by the de Blasio Administration, in presenting our estimates of budget gaps and surpluses. The report also includes our most current projections for local job growth: http://bit.ly/1kaP0v4.If rent for three of Eva’s charter schools will cost $5.4 M per year, can you imagine the hundreds of millions of dollars in future costs to the city and state as every existing co-located, new or expanded charter can demand free facilities and/or rent?... Leonie Haimson
Excerpt: State funding for charter schools in New York City, which flows through the education department’s budget, is increasing by $77 million. Some of the additional city-generated funding is being used to expand arts education ($23million) and to pay the rental costs for three charter schools as required under new state legislation ($5.4 million). The new state charter school funding is a supplement to the city’s current share of spending for charter schools, which IBO estimates is $1.1 billion this year.
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The future lay of the land is emerging: increased subsidies for charters, as seen in the new state budget, which go unopposed by the UFT leadership. Look for the charter cap to be expanded or eliminated entirely in the coming years, again with no real opposition from Unity Caucus, combined with pressure on teachers to go charter-lite with the PROSE ("PROSE or close!" to be the message) schools that will come into existence thanks to the new contract.
Presto! In five to ten years, the public school system will be a shell of its former self, with a few high profile schools, and the rest scapegoated dumping grounds for kids the charters refuse to take.
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