New York state to pay billions of dollars to School districts

New York state to pay billions of dollars to School districts

New York Lt. Gov. Kathy Hochul gives a news conference at the State Capitol, Wednesday, Aug. 11, 2021 in Albany, N.Y. Hochul is preparing to take the reins of power after Gov. Andrew Cuomo announced he would resign from office. (AP Photo/Hans Pennink)

Gov. Hochul announced yesterday that New York state is committed to paying billions of dollars in what is being called Foundation Aid to School districts across New York.

Around $20 billion is expected to be given out to districts over the next three years.

It will be up to state legislators to decide on a formula to divide the money.

(AP Photo/Hans Pennink)