(Released August 15, 2008) This report sought to evaluate recent funding trends and performance of New York City schools. The report found evidence that the funding gap between schools with the highest and lowest concentrations of student poverty has grown larger over time, from $375 in 2006 to $570 in 2009. This resource inequity has significant implications for the entire New York City education system with particular implications for students living in poverty, English Language Learners, and other students who need additional academic supports. The Contracts for Excellence funding stream has been singularly successful in closing the funding gap. Measured against student need, the Fair Student Funding formula has been less successful and may have increased disparities. These funding disparities have implications for student outcomes by poverty – the achievement gap between students with the greatest poverty and their peers who are not in poverty is significant and enduring – both on state exams and ultimately graduation rates.
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