New York A09049 updates the regional cost index for calculating total foundation aid to better reflect cost of living differences across the state.

New York A09049 amends the education law to update the regional cost index for calculating total foundation aid. The updated index will reflect an analysis of labor market costs based on median salaries in professional occupations requiring credentials similar to those in the education field, excluding education occupations. The bill specifies new regional cost indices for various areas, including Capital District, Southern Tier, Western New York, Hudson Valley, Long Island/NYC, Finger Lakes, Central New York, Mohawk Valley, and North Country.

New York A09049 updates the regional cost index for calculating total foundation aid to better reflect cost of living differences across the state.

New York A09049 amends the education law to update the regional cost index for calculating total foundation aid. The updated index will reflect an analysis of labor market costs based on median salaries in professional occupations requiring credentials similar to those in the education field, excluding education occupations. The bill specifies new regional cost indices for various areas, including Capital District, Southern Tier, Western New York, Hudson Valley, Long Island/NYC, Finger Lakes, Central New York, Mohawk Valley, and North Country.