Bill > S01929

This bill adjusts the regional labor force cost index for the Hudson Valley region in New York State's education funding calculations. Specifically, the legislation modifies the existing regional cost index for the Hudson Valley from 1.314 to 1.425 for the 2025-2026 school year and all subsequent school years. The regional cost index is a metric used to calculate state school aid that reflects labor market costs based on median salaries in professional occupations with similar credentials to education-related jobs. The bill updates a table of regional indices for various New York labor force regions, with the most significant change being the increase in the Hudson Valley region's index. This adjustment could potentially result in increased state educational funding for school districts in the Hudson Valley region to account for higher local labor market costs. The change takes effect immediately upon passage.

Education

https://www.nysenate.gov/legislation/bills/2025/S1929