Nyc Education Department Budget 2024 Education Department. Banks, and new york city department of youth & community development (dycd) commissioner keith. New cuts to the education department totaled about 0.6%, according to budget officials.
The fiscal year 2024 budget is nearly $500 million below the current projection for fiscal year 2023—$300 million less federal pandemic aid and $300 million less city funds, offset by $100 million more state aid. The new york city department of education is facing a nearly $960 million drop in funding next year under mayor eric adams’ latest budget proposal, although a breakdown of how individual schools would be impacted.