60.9 F
New York
Friday, May 3, 2024

NY Passes $237B Budget with More Mayoral Control of Schools & Pension Adjustments, John Liu Played Key Roll

Related Articles

-Advertisement-

Must read

Getting your Trinity Audio player ready...

By: Rob Otto

Albany legislators approved a record-breaking $237 billion state budget on Saturday, encompassing various measures, including an extension of Mayor Eric Adams’ oversight of New York City schools. This extension, lasting for two years, is accompanied by certain conditions for Mayor Adams. He must demonstrate that any additional state funds allocated for education are specifically utilized for city schools and not diverted elsewhere within the budget, NY Post reported.

State Senator John Liu, who leads on New York City schools in the upper chamber, emphasized the importance of mayoral accountability in education. He highlighted the necessity for a funded and actionable plan aimed at reducing class sizes over the next two years.

The budget also encompasses a comprehensive housing package designed to stimulate the construction of numerous new housing units. The goal is to alleviate rental costs and safeguard tenants from exploitative landlords. Additionally, measures are included to combat illegal cannabis dispensaries and retail theft.

Mayor Adams expressed satisfaction with the budget deal, asserting that all of his administration’s legislative priorities were successfully included. The United Federation of Teachers, representing many educators in New York City, advocated for greater accountability in education to ensure compliance with state laws regarding class sizes.

Furthermore, the budget introduces a 24th member to the Panel for Educational Policy, who will serve as its chairperson. The mayor will select the chair from three candidates nominated by the state Assembly, state Senate, and state schools chancellor.

Initially deemed improbable, the proposal to extend mayoral control of schools was revived shortly before the budget’s passage, indicating a last-minute change of heart among lawmakers. The aim is to imbue the Panel for Educational Policy with more autonomy and effectiveness.

Governor Kathy Hochul is expected to sign the budget, which also includes adjustments to the Tier 6 pension system for public employees. Under the new provisions, pension benefits will be calculated based on the average of the last three years of service, rather than the last five. Critics argue that this change will impose significant financial burdens on taxpayers over the coming decades.

Ken Girardin, Research Director at the Empire Center for Public Policy, expressed concern over the potential long-term costs associated with the pension system adjustments, cautioning against the financial strain it may impose on taxpayers.

Despite initial skepticism from lawmakers, the inclusion of measures such as the extension of mayoral control and adjustments to the pension system underscores the complexity and significance of the state budget. Governor Hochul’s imminent approval is anticipated, solidifying the implementation of these provisions in the coming fiscal year.

In addition to these measures, the budget also addresses concerns surrounding public employee pensions, introducing alterations to the Tier 6 system. Critics fear that these adjustments may burden taxpayers with substantial costs in the future, potentially exceeding $100 billion for New York State. Despite reservations from some lawmakers, the budget’s passage signifies a significant milestone in New York’s fiscal policy landscape.

balance of natureDonate

Latest article

- Advertisement -