Department spokeswoman Laura Hart said the estimated deficits are premised on two things: out increases under the state’s education funding formula, which was created 10 years ago to assist communities with high poverty and limited tax capacity. The city’s budget projects annual increases in state aid will drop from million in to million dollars in each of the following four years. Forecast also assumes that city will “lose” millions of dollars to schools because the dollar follows the child from the traditional public school to the charter school.
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