When Mayor Bloomberg took control of the city’s schools, he made a solemn promise to raise student achievement and rein in a notoriously inefficient and money-wasting school system. In fact, in his January 2003 speech unveiling his administration’s Children First reforms, the mayor suggested that the $12 billion then going to the schools was sufficient to bring about academic improvement. That’s because he and Schools Chancellor Joel Klein were now going to “make sure we get the most value for the school system’s dollar.”
Five years later, we have new, unimpeachable data on the schools that allows us to assess whether the mayor’s promise to deliver a much bigger education bang for the taxpayers’ buck has been fulfilled.
The short answer: not by a longshot. First, let’s examine the dollar side of the equation. The 2003 budget for the schools, Bloomberg’s first, was $12.5 billion, including pension costs and debt service. About $1.2 billion of this total came from federal education funds, another $5.6 billion from the state, and $5.6 billion from direct city contributions. The current budget, including pension and debt service, stands at $19.7 billion. This represents an increase of $7 billion – more than 50% – in total education spending in five years.