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Article: Week in Review.(New York state Court of Appeals orders public school funding)(Blackstone Group L.P. to buy Equity Office Properties Trust)(America Online Inc. appoints Ronald Grant)
- Article from:
- Crain's New York Business
- Article date:
- November 27, 2006
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: from staff and bloomberg news reports
NY court cuts school funds
The New York state Court of Appeals, in a 4-to-2 ruling, ordered the Pataki administration to pay $1.93 billion to New York City public schools, billions less than the funding that had been sought in a landmark lawsuit filed by the Campaign for Fiscal Equity in 1993. A lower court had previously ruled that the city needed $4.7 billion to educate nearly 1.1 million schoolchildren in the city.
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