Every year education advocates say more funding is needed for their schools just to keep it running.

State Comptroller Tom DiNapoli has listed multiple school districts as high risk and in desperate need of more funding.

The Foundation Aid formula was put into place during the tenure of Governor Eliot Spitzer after the resolution of the 13-year long Campaign for Fiscal Equity lawsuit. It’s the most important formula of the handful of calculations that are used to fund schools.

But Foundation Aid is tempered by other, older political motives like “save –harmless” which was put into place during the Carey administration, and the “shares agreement” that the governor referenced in his budget address, and which former Senate Majority Leader Dean Skelos once referred to as “sacred.”

School districts are owed billions in foundation aid, according to education advocates. And even though the state is facing a $6 billion dollar budget deficit, school districts remained hopeful.

Yet, the Gov. Andrew Cuomo's proposal for education aid fell far short of expectations.

A cap on school property tax increases of less than 2 percent will reduce financial flexibility for districts around New York, a report released on Tuesday by Moody's found.

Comptroller Tom DiNapoli announced earlier this month school districts in New York will be limited to a 1.81 percent increase in their overall levy. The cap, in place since 2012, limits property tax hikes at 2 percent or the rate of inflation, whichever is lower.

Good morning! It's going to be a busy first lobby day of the new year in Albany. Gov. Andrew Cuomo, meanwhile, is departing for Puerto Rico. Here's today's schedule: At 8:15 a.m., Gov. Andrew Cuomo will hold a press briefing before departing for Puerto Rico. JFK International Airport, Queens.

At 9:30 a.m., Assembly Real Property Taxation Committee Chair Sandy Galef will take testimony to examine changes to the STAR Program provided in the State Fiscal Year 2019-20 budget. Hearing Room C, Legislative Office Building, Albany.

The Board of Regents on Monday backed a $2 billion increase in foundation for schools in New York, a move that is expected, but nevertheless unlikely given a yawning budget gap facing down state lawmakers and Gov. Andrew Cuomo.

“The Board of Regents and I continue to make it our mission to ensure equity and excellence in education for all children, and our priorities and proposals build upon this work to further these critical efforts,” Board of Regents Chancellor Betty Rosa said.