Census Bureau FY 2010 Education Finance Data

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I understand that there is a group called StudentsFirstNY, organized by the affluent to do battle with the teacher’s union over “school reform.” As the battle rages, however, I can’t help but think the whole thing is nothing but a distraction – from the fact that retroactive pension enhancements and pension underfunding, leading to a huge shift in available taxpayer funds to the retired, have doomed the public school system for a generation, despite much higher spending than in the past. Particularly in New York City, where the cost of retroactive pension enhancements is wrecking the schools for a second time, just as they were starting to recover from the first time. So if StudentsFirstNY really wants to wake people up, it should use its resources to send every parent, teacher and taxpayer a postcard with the following information.

In Fiscal FY 2010, according to data compiled by the U.S. Census Bureau, New York City spent $23,472 per student on public schools, compared with an average of $22,861 in the Downstate New York Suburbs, $18,546 for New Jersey, and $12,502 for the U.S. as a whole. Adjusting the New York figures downward for higher average non-Wall Street private sector wage here, the NYC total is $17,647 per student, still 41.2% higher than the U.S. average. New York City non-instructional spending is and always has been low compared with the US. average and other parts of the state. Spending on instructional (teacher) wages and benefits (including retirement benefits) totaled $13,469 per student in NYC in FY 2010, or $269,380 per 20 students, or $161,628 per 12 students. Adjusting the NYC figure down for the higher average wage here, you get $10,126 per student spent on teacher wages and benefits in NYC, or more than 77% higher than the U.S. average of $5,703. The NYC figure for teacher wages and benefits was also higher than the average for the Downstate Suburbs, although a higher share of the suburban teacher dollars went to wages, and not to pensions and other benefits.

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Storobin-Fidler Inside The Numbers

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The Board of Elections has now released the voter history for those who voted in the recent Storobin-Fidler Special Election.

 

While it’s a little late, as we have had a Statewide Primary election to digest since then, I thought it would be interesting to compare the Special Election voters to all voters in the (soon to disappear) 27th Senate District.

 

Party breakdown

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Con Edison: Who is To Blame?

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If this post takes it will seem like a miracle, and I’ll finish off that FY2010 Census Bureau public education finance data for publication next week. Reading between the lines, it is clear to see what the source of conflict is that led to the Con Edison lockout/strike: not enough money in the pension fund. Like our local government agencies, Con Edison is a monopoly, and more for Con Edison workers means less for other workers due to higher rates (or vice versa). Con Edison managers and shareholders represent a limited buffer that could also become better or worse off as well, but as for the government the issue is mostly a question of fairness among workers.

So why is there not enough money in the pension fund? Did shareholders/managers skimp on contributions when asset prices were inflated during the various bubbles, to get higher executive pay or profits? Were some of the savings passed on to ratepayers in the form of lower rates than would have otherwise been the case, under Con Ed’s regulated “cost plus” pricing? As for the unionized workers, the question of fairness comes down to a simple question: are they only getting the pensions they were promised when they were hired? Or were those pensions retroactively enhanced at some point (or perhaps more than once point) in the past 20 years, without the cost of the increases being honestly disclosed to those who would ultimately be forced to pay for them?

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THE COLUMN OF THE YEAR FOR BROOKLYN POLITICS

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Primary elections for federal offices were held in Brooklyn last week: no big thing. Turnout was tepid as usual. Nothing new; just more blue(s). The regular political hustlers made a couple dollars hassling voters outside polling sites; and that’s always entertaining. A few consultants made an early-vacation exit with smiling faces and bulging pockets: and that too is always entertaining (and expected). Winners told jokes heartily; and losers -along with their supporters- used expletives at random. 

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The Gateway (Race Aroni Edition)

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Orthodox Pundit is right that the Aroni Satmar are exaggerating their strength within the Williamsburg community– but not by as much as OP (and Albert Friedman of the independent Satmar paper Der Tzitung, who made similar observations to me on the phone right before Shabbos and in another conversation earlier this week) say.

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