(Released May 18, 2006) New York State’s school funding system faces dual crises. First is the failure to provide children with a “meaningful high school education,” also called a “sound, basic education,” as mandated by the state constitution and the Campaign for Fiscal Equity (“CFE II”) decision.1 The clearest consequence of this failure is that over one-third of high school students today do not graduate in four years. In the 2006-07 Enacted Budget, the Legislature increased school aid by $1.1 billion — roughly the state aid figure necessary to maintain current school programs at their present levels.2 However, as this report highlights, the budget did not provide even close to enough resources to address the graduation crisis.

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