1. Enacted Budget Highlights Budget Hearing October 24, 2007

2. 2 The 2007-08 Education Budget provided an unprecedented increase of $1.8 billion of new funds. New Foundation Aid Formula modeled after the Foundation Aid Proposal of the Board of Regents Insured that all districts received a minimum increase of 3% Targeted significant foundation aid increases to high needs districts The Education Budget

3. 3 Foundation Aid Increases: Enacted Budget: 72% or $1 billion went to high needs districts Four Year Projected Increase of 44% or $5.5 billion Per Pupil Foundation Aid Growth: 2006-07 2010-11 $5,651 $8,276 High Need $3,815 $5,287 Average Need $1,662 $2,299 Low Need

4. 4 Greater Transparency 56 Contract for Excellence districts 10% or greater state aid increases Districts or schools cited under NCLB or State accountability regulations Develop contracts: “Know Where the Money Goes” Foundation Aid Increase of $709 million NYC Foundation Aid Increase of $470 million or 9%

5. 5 Greater Accountability Article VII Initiatives: Raising Learning Standards Enhanced Accountability System (Growth Measures) New Process for Schools Under Registration Review Distinguished Educator Program District Improvement Plans Contracts for Excellence - Transparency in spending - Implementation of proven practices and programs - District and school performance targets

6. 6 Greater Accountability Student Progress Reports Leadership Report Card Excelsior Scholars Program P-16 Data System Evaluate Teacher Preparation Programs Expand Alternative Teacher Prep Programs Teacher Tenure Determinations