Approved state budget means more money for Bronx and city schools
Lawmakers in Albany finally passed a state budget Wednesday night and that means more money for city schools.
The $101 billion spending plan contains $851 million dollars in new taxes and fees. But it also means $300 million extra for city schools. Despite the increase, Mayor Bloomberg says so far there has been no decision on the billions more owed to Bronx kids. CUNY and SUNY schools will get billions for new construction projects, while financial aid stays the same.
The 2004-05 budget was passed 133 days after the fiscal year began. In a state known for its late budgets, this spending plan was the latest ever. New York hasn't had an on-time budget in more than 20 years.
The budget still needs the governor's approval.