continued Extend learning time by 25 percent, also through competitive grant process. ($20 million)
The Governor proposes turning schools into "community hubs" that include social, health and other services as well as after-school programming.
Reward high-performing teachers with stipends. ($11 million)
Invest in early college high school programs. (additional $4 million)
Create a bar exam for teachers.
Target school aid to high-needs districts.
For higher education, more of an emphasis is proposed to be placed on job placement rather than solely enrollment. Colleges would be incentivized to partner more with regional economic development councils and local employers to identify job training needs. Next Generation Job Linkage Program ($5 million in performance grants) is proposed to place students in high demand jobs. A third round of NYSUNY 2020 sets aside $55 million to support economic growth.
Other economic development proposals include:
Innovation Hotspot and Tech Transfer. These locations would foster commercialization of inventions – bringing them from academia to the private sector. We've seen some of this take place already in Syracuse University, ESF and at Cornell, just to name a few. The budget proposes to set aside $50 million in Venture Capital Funding to provide seed funding to new businesses that take research to the marketplace.
Regional Councils will be funded again. This third round of funding proposal sets aside $150 million for the grant process.
NY Works: $165 million for capital grants, aimed to support job creation, retention and expansion.
Market NY: Marketing plan for New York produced goods and includes Taste NY.
For local governments, a stable rate pension contribution has been proposed. This refinancing option is being offered to counties and cities as a way to help afford the rising pension costs. Last year we passed Tier VI, but those savings will not be fully realized for more than 20 years, as those in earlier tiers retire. I look forward to learning more about this option for local governments and determining if it will truly be a savings.