Adjusts the regional labor force cost index for the Hudson Valley region for the 2025-2026 school year and thereafter.
This bill amends the education law to adjust the regional labor force cost index for the Hudson Valley region, setting it at 1.351 for the 2025-2026 school year and 1.425 for the 2026-2027 school year and thereafter. The index reflects labor market costs based on median salaries in professional occupations requiring similar credentials to those in the education field, excluding education field occupations. The change takes effect immediately.
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