Quinones-Sánchez wants new formula to direct more money to schools
Councilwoman Maria Quinones-Sánchez introduced a bill at Thursday’s City Council session calling for more property-tax money to go to the city schools.
“This city cannot afford another year of the doomsday budgets that have devastated our schools and set our students back,” Quinones-Sánchez said. “While the state must immediately move to restore a true funding formula for education, we must also make sure we have every revenue option on the table.”
Under the current system 55 percent of the city’s property tax revenue is routed to the school district. On Thursday, Quinones-Sánchez suggested the city raise that number to 60 percent.
Quinones-Sánchez estimated the change would equal about $50 million in additional school funding.
“While local revenue absolutely cannot substitute for full, fair funding from the state, we still need to think creatively and find funds everywhere we can,” Quinones-Sánchez said.
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