Re: Mayor Fulop Signs Executive Order Dedicating 10% to Future Tax Abatement Payments to JC Public schoo
Posted by JPhurst on 2017/5/14 15:39:02
If Mayor Fulop had kept his promise, the city's district and charter schools would be getting an additional $46 million a year, according to data from the city's budget. After nearly a decade of flat funding from the state, this is money our public schools desperately need.
Except that much if not all of that money would have been met by a reduction in state aid.
I agree that the tax abatement law, combined with School Funding Reform Act and the mandates under Abbott, create an incentive that administrations have abused to balance their budget. On the other hand, the laws could have been changed to require cities to allocate PILOT in the same proportion as tax revenue, to ensure that additions to revenue are not met by dollar for dollar declines in aid, and to allow Abbott districts flexibility in budgeting without having to submit school budgets to a referendum.
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