New York S07122 establishes annual base funding for community colleges, indexed to inflation, and mandates annual reporting.

New York S07122, known as the "New York state community college funding stability act," directs the state to provide annual base funding to community colleges operating under the university of the state of New York. The funding amount is set to be no less than the highest amount received in any of the previous three fiscal years and is indexed to inflation. The Division of the Budget, in consultation with the state university trustees, must certify the annual inflation-adjusted funding amount by January 15 each year.

New York S07122 establishes annual base funding for community colleges, indexed to inflation, and mandates annual reporting.

New York S07122, known as the "New York state community college funding stability act," directs the state to provide annual base funding to community colleges operating under the university of the state of New York. The funding amount is set to be no less than the highest amount received in any of the previous three fiscal years and is indexed to inflation. The Division of the Budget, in consultation with the state university trustees, must certify the annual inflation-adjusted funding amount by January 15 each year.