Breaking NYCDOE Press Release: Mayor Adams, Chancellor Banks announce that no school will lose money due to mid-year enrollment losses

Mid-year adjustment expected to result in approximately $200 million increase to school budgets. Schools that would receive additional funding through the mid-year adjustment because of an increase.

The New York City Department of Education made the following press release, today. Monday, November 7, 2022:

NEW YORK – New York City Mayor Eric Adams and Schools Chancellor David C. Banks today announced that New York City Public Schools will hold school budgets harmless for any lower than projected enrollment in this year’s mid-year adjustment process — ensuring that no school will lose money due to mid-year enrollment losses. The boost for schools will be supported by stimulus funding previously planned for use in FY 2024, which will be utilized as part of our ongoing commitment to supporting schools as we continue to recover from the pandemic and continue our focus on providing the strongest support we can to all our students.

Read the entire press release here: https://drive.google.com/file/d/1bFx_fZ2JFxaa1QjWJ6Rqoxg5AxyEdpII/view?usp=drivesdk