Mayor de Blasio and Speaker Johnson Announce $125 Million Investment to Ensure all Schools Receive at Least 90 Percent “Fair Student Funding”

Mayor Bill de Blasio and Speaker Corey Johnson today announced an additional $125 million annual investment in “Fair Student Funding” (FSF) for New York City public schools, starting in the 2018-19 school year.

FSF provides the majority of most individual schools’ budgets, and is used at the principal’s discretion, mostly to hire teachers and staff, as well as to purchase materials and educational resources and support student and family activities.

The historic increase in FSF will support the Mayor’s Equity and Excellence for All agenda and his promise to make New York City the fairest big city in America, so that, by 2026, 80 percent of students graduate high school on time, and two-thirds of graduates are college-ready. Click to read the rest of this press release.