New York state tops nation in education spending
from Crain's New York Business
Local governments around the state started pulling out their hair when state Comptroller Thomas DiNapoli announced the property tax cap formula will limit hikes in property taxes next year to less than 1 percent (0.78 to be exact). Such a small increase will be a problem, especially because some costs like pension contributions are rising at a much faster rate. But for school districts, one fact is inescapable: New York spends more than any other state on K-12 education per pupil and a lot more than even nearby Connecticut and New Jersey.
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