Archive for May 11th, 2007

11th May

First Published by The New York Sun, May 11, 2007

By Andrew Wolf

The chancellor’s announcement on Monday of the implementation of the mayor’s Fair School Funding initiative sounded wonderful — on the surface. Chancellor Klein declared, “Our new Fair Student Funding formula will help us level the financial playing field, making sure that all schools receive what they need to educate their students, so all schools can be held to the same high standards.”

In reality, this plan will come back to haunt Mr. Bloomberg, the next mayor, and the taxpayers. Recent history tells us that it is unlikely that students will benefit from more funds and that some may suffer from what looks a lot like income redistribution. (more…)