Dive Summary:
- New York City's public schools budget increased $1 billion to a record $24.8 billion for fiscal 2014.
- Around $165 million be used to train teachers on Common Core standards and implementing the citys new teacher evaluation system, with millions also going to new career and technical education programs.
- Another $200 million will open 24 new charter schools this September, and pension costs and debt service are also expected to take up a fair amount of the increase.
From the article:
... City Schools Chancellor Dennis Walcott said the money would be spent where it's needed most.
"It's spread in a variety of areas," Walcott said. "You'll see a number of allocations to schools to improve the outcome of our students." ...
