New bill aims to rescind current statewide school funding formula

ALBANY – State Senator James Seward (R-51st Senate District) is backing legislation that would repeal the Gap Elimination Adjustment, which has cost public school districts statewide billions of dollars in state aid over a five-year period.

The Gap Elimination Adjustment (GEA) was put in place in 2009 to partially reduce a $10 billion state deficit. Legislators voted to deduct from each school district’s state aid allocation to help fill the state’s revenue shortfall, shifting costs to local school districts.

The proposed bill, introduced in the State Senate in late January, would completely repeal the GEA.

“I voted against the GEA when it passed in 2009 and have been working to erase this curse on our local schools ever since,” Seward said in a media release last week. “This hurtful policy was simply a cash-grab by the state that left schools reeling and trying to recover ever since. It needs to end now.”

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